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BHP enters new Oz copper joint venture

BHP has exercised an option to enter into a A$22 million farm-in and joint venture over Encounter Resources’ Elliott copper project in the Northern Territory.

BHP enters new Oz copper joint venture BHP enters new Oz copper joint venture BHP enters new Oz copper joint venture BHP enters new Oz copper joint venture BHP enters new Oz copper joint venture

Image: iStock/Totajla

The two first entered into the option agreement in September 2020 and have since completed a jointly designed validation program, which provided further support for the project's copper potential.