OZ Minerals Ltd. has withdrawn their 76% interest in the Menninnie Dam lead-zinc-silver joint venture with Terramin Australia Ltd. OZ Minerals is Australia’s third largest diversified mining company.

OZ Minerals earned its stake by spending $8 million on the project, which contains a 3.8 million tonne resource in the inferred category of Australia’s mineral reporting code.

It offered no explanation for divesting its stake in the project.

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