OZZ Resources to Acquire Nickel-Copper-Cobalt Project in WA’s Murchison

20 May 2026 | Western Australia - OZZ Resources has entered into a binding agreement to acquire a 100% interest in Sulphide Minerals Pty Ltd, giving it ownership of the Bedaburra Nickel-Copper-Cobalt Project in Western Australia’s Murchison region.

The Bedaburra Project comprises two granted exploration licences, E52/4179 and E52/4195, covering approximately 43.54km². The project is located about 115km northwest of Meekatharra and is considered prospective for nickel, copper, cobalt and other critical minerals.

OZZ said it intends to raise up to $5 million through a public offer to support exploration of the newly acquired project. Completion of the acquisition remains subject to OZZ shareholder approval, regulatory approvals, re-compliance with ASX Listing Rules, a successful equity raise and other standard conditions.

The company intends to re-comply with Chapters 1 and 2 of the ASX Listing Rules as a junior exploration company focused on nickel, copper, cobalt and other critical minerals important to the energy transition.

The Bedaburra Project is prospective for two styles of nickel mineralisation: laterite-hosted nickel-cobalt mineralisation developed from weathered ultramafic rocks, and primary magmatic nickel-copper sulphide mineralisation associated with differentiated mafic-ultramafic intrusive rocks and potential feeder structures.

Why it matters: The acquisition gives OZZ exposure to battery and critical minerals at a time when nickel, copper and cobalt remain important to energy transition supply chains. The project sits within the broader West Yilgarn nickel-copper-PGE province, an under-explored region extending along the western margin of the Yilgarn Craton.

Historical exploration at Bedaburra dates back to the 1960s and included geological mapping, surface geochemistry, geophysical surveys and shallow drilling. Approximately 111 historical drill holes have been completed across the project area, although the historical drilling does not comply with the 2012 JORC Code and is treated as historical context only.

OZZ said recent 2025-2026 soil geochemistry work defined coherent multi-element anomalies, with nickel, copper and cobalt results supporting further exploration. The company also highlighted several drill-ready targets, including untested magnetic, gravity and IP anomalies, the historical BH62 hole that ended in nickel-copper sulphide mineralisation, and the Squatters Tank EM anomaly, which extends onto the project area.

The proposed two-year exploration program includes infill soil sampling, rock chip sampling, modern airborne or ground electromagnetic surveys, gravity and IP surveys, and drilling of laterite-hosted nickel-cobalt targets and deeper magmatic nickel-copper sulphide targets.

OZZ has been suspended from quotation since June 2024. The company said its shares will remain suspended until it has re-complied with ASX requirements, completed the acquisition process and satisfied the conditions for re-quotation. An indicative timetable points to a shareholder meeting in June 2026, public offer in late June to July, and potential ASX re-quotation by the end of July 2026, subject to approvals.

Source: OZZ Resources ASX announcement, “OZZ to Acquire Nickel-Copper-Cobalt Focussed Sulphide Minerals”, 20 May 2026.