Ann: Greenfields Discovery Alliance with OZ Minerals, page-13

Nice announcement for RDM holders, as others have said opens up a lot of ground and some funds to do some actual exploration for RDM, I find it interesting that OZL were interested in most of RDM's exploration ground and projects except they were not interested in Maronan, pretty much every other greenfield project with copper potential was taken up in the OZL JV agreement (including Pernatty Lagoon in SA - something that is well and truly within OZL's "back yard").

My read on it is that RDM sat on the greenfields ground without doing much and now we see that OZL has seen the writing on the wall and needs to do some aggressive greenfields exploration in Australia to increses the "project pipeline" in the future. This is quite aggressive stuff from OZL considering they are finishing an expansion of Prominent Hill, doing a massive development at Carrapateena, digesting the Brazilian copper assets they got last year and are now going into JVs and greenfields in Australia.