LONDON, UK / ACCESSWIRE / September 23, 2022 / Anglo Pacific Group PLC (the "Group" or "Anglo Pacific") (LSE:APF)(TSX:APY) notes the press release issued by OZ Minerals earlier today (https://bit.ly/3R72uKo) announcing that it has made a Final Investment Decision on the West Musgrave copper-nickel project in Australia. Anglo Pacific has a 2.0% net smelter royalty interest over the West Musgrave project.
The highlights of the announcement were:
Marc Bishop Lafleche, CEO of Anglo Pacific Group commented:
"West Musgrave is everything we look for in a royalty acquisition, a high quality project and operator in a recognised mining jurisdiction with strong sustainability credentials. We are delighted to see OZ Minerals continue to progress the project in-line with the expected timetable."
1. These production targets must be read in conjunction with the Production Targets Cautionary Statement on page 6 of the OZ Minerals announcement
2. ~80% renewable energy penetration relates to power generation. Does not include mining fleet
For further information:
|Anglo Pacific Group PLC|
+44 (0) 20 3435 7400
|Marc Bishop Lafleche - Chief Executive OfficerKevin Flynn - Chief Financial OfficerGeoff Callow - Head of Investor Relations|
+44 (0) 20 3207 7800
|Matthew Armitt / Jennifer Lee / Detlir Elezi|
|Peel Hunt LLP|
+44 (0) 20 7418 8900
|Ross Allister / David McKeown|
|RBC Capital Markets|
+44 (0) 20 7653 4000
|Farid Dadashev / James Agnew / Jamil Miah|
|Capital Market Communications Limited (Camarco)|
+44 (0)20 3757 4997
|Gordon Poole / Owen Roberts / Elfie Kent|
Notes to Editors
About the Group
Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Group's strategy is to become a leading natural resources company through investing in high quality projects in preferred jurisdictions with trusted counterparties, underpinned by strong ESG principles. It is a continuing policy of the Group to pay a substantial portion of these royalties and streams to shareholders as dividends.
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SOURCE: Anglo Pacific Group PLCView source version on accesswire.com: https://www.accesswire.com/717166/Anglo-Pacific-Group-PLC-Announces-West-Musgrave-Final-Investment-Decision