OZLOpenbaar Zeister Lyceum (Dutch public education)
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Under the commercial terms set out in the Heads of Agreement ('HoA'), and subject to execution of binding transaction documents and the various approvals and consents noted below, OZL agrees to pay IMX $5 million cash.
A discovery made by OZL of this style of mineralisation without significant copper, gold and silver with uranium grades averaging 200ppm U3O8 has the potential to be highly significant for Toro.
The Mt Woods tenements owned by OZL shown in Figure 1 (see link at the bottom of the release) are highly prospective for Iron Oxide Copper Gold and Uranium (IOCG) similar to the adjacent Prominent Hill and Olympic Dam mines.