BHP, which buys Western Areas' concentrate, could be interested in Lounge Lizard.
Kagara last month revealed the plan to sell the asset to help pay for expansions at the company's core copper, lead and zinc mines in Queensland.
While reports suggest Lounge Lizard could fetch up to $180 million, Mr Treacy indicated that it could attract a higher price, given the project has considerable exploration upside.
Kagara bought Lounge Lizard for $25 million, which Mr Treacy said should be shown to be a good acquisition.
(From MyResources)
KZL Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
