Ozz Resources

What Ozz Resources does

Ozz Resources is a Perth-based, Western Australia-focused mineral exploration company listed on the ASX (ticker: OZZ) since July 2021 following a $5 million IPO in May 2021. Its core business is the acquisition, exploration, and development of gold and base metal tenements in historically productive WA districts, with a portfolio of seven projects across gold, base metals, and (since April 2022) rare earth elements via the Vickers Well REE Project. Key holdings include the Maguires project, where a maiden gold resource was announced in November 2021, and the Linger and Die tenements in the Leonora Goldfield acquired in March 2022. The business model is the conventional junior explorer model: raise equity, advance drilling and resource definition, and ultimately convert resources into reserves that can be monetised through toll treatment, joint venture, sale, or production, with several projects positioned adjacent to operating toll treatment plants to shorten the path to cash flow.

The company has undergone a material reset over 2023-2026. In September 2023 it divested non-core assets including the Mt Davis joint venture, and in November 2023 it completed a strategic review and refreshed the board. In 2026 it is pursuing the acquisition of Sulphide Minerals Pty Ltd alongside a capital raise that would deliver pro-forma cash of $4.35M-$4.81M and net assets of $5.8M-$6.3M, with the transaction intended to underpin an ASX re-quotation. As a pre-revenue explorer, Ozz Resources currently generates no commercial sales; its funding base is its equity capital, and its near-term value driver is successful closing of the Sulphide Minerals transaction and progression of drilling and resource work across its WA portfolio.

Name

Ozz Resources

Legal name

Ozz Resources Pty Ltd

Website

https://ozzresources.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

251–500 employees

Short description

Ozz Resources is a Perth-based, ASX-listed junior mineral explorer focused on gold, base metals, and rare earth element tenements in Western Australia. It is pre-revenue and funded by equity, currently pursuing the Sulphide Minerals acquisition to reset its asset base and restore ASX trading.

Ownership category

akta.pro rank

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Ore Toll Treatment and Sale: The company plans to generate revenue through toll treatment or direct sale of extracted ore at nearby third-party processing plants, maintaining tight shareholder registers by expedient use of funds.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Ozz Resources is a gold and base metal mineral exploration company that identifies, explores and develops mining projects in Western Australia. The company operates four main exploration projects (Mt Davis, Peterwangy, Maguires Reward and Rabbit Bore), and intends to monetise extracted ore via toll treatment at nearby third-party processing plants or direct sale to mining companies. Revenue is generated through these ore sale and toll treatment arrangements once production commences.

Product overview

Ozz Resources is a Perth-based and Western Australian focused gold and base metal exploration company. The company operates a portfolio of four mining exploration projects: Mt Davis Project (gold exploration near Leonora covering the Mount George Shear Zone), Peterwangy Project (gold exploration near Geraldton on a 3km greenstone belt), Maguires Reward Project (gold exploration near Cue with identified mineralisation shoots), and Rabbit Bore Project (gold and nickel-cobalt exploration near Cue). The company strategy focuses on rapid exploration and development or sale of economic resources, with projects positioned near potential third-party toll treatment plants.

Differentiator

Problem solved

Functional benefit

Products and services

• Mt Davis Project

Quantifiable outcome

• Exploration Target estimated at between 0.15 Mt at 4.3 g/t Au (11 koz) and 1.5 Mt at 2.31 g/t Au (111 koz) at Maguires Reward Project
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Provident Mining Pty LtdminorOthersProvident Mining Pty Ltd holds exploration license E70/5124 for the Peterwangy Project, while Ozz Resources owns the adjacent exploration license application ELA70/5691. This is a working arrangement where Provident holds the granted tenement and Ozz holds the application, with the project area covering 4440 Ha in the Mid-West region of Western Australia.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Strickland Metals: ASX-listed gold and base metals explorer with WA projects including Rogozna and Millrose. Similar dual-commodity exploration focus and comparable market cap range.
• Yandal Resources: ASX-listed Western Australian gold explorer with a portfolio of advanced and early-stage projects in the Yalgoo and Kalgoorlie regions. Directly comparable as a small-cap WA-focused gold explorer pursuing toll treatment and asset-level monetisation.
• Brightstar Resources: ASX-listed WA gold explorer-developer advancing projects in the Laverton and Murchison goldfields. Similar strategy of toll treatment and regional project consolidation.
• Kin Mining: ASX-listed gold company focused on the Leonora gold district in Western Australia, the same region as Ozz's Mt Davis and Linger and Die projects. Comparable scale and regional focus make it a direct read-across for exploration success and capital markets dynamics.
• Falcon Metals: ASX-listed gold and base metals explorer with projects in Western Australia and Victoria. Similar pre-revenue exploration model with comparable headcount and project portfolio size.

Broad incumbents

• De Grey Mining: ASX-listed gold developer advancing the Hemi project in the Pilbara region of WA. While at a more advanced stage, De Grey is a useful peer for the resource definition and project monetisation pathway relevant to Ozz's strategy.
• Capricorn Metals: Mid-tier ASX-listed gold producer with operations in WA including Karlawinda. While substantially larger and producing, Capricorn's regional footprint and toll treatment operating experience provide a benchmark for the production pathway Ozz is targeting.
• Ramelius Resources: Established mid-tier Australian gold producer with multiple WA operations including Mt Magnet and the recently acquired Leonora assets. Represents a logical acquirer profile for any resource Ozz defines in the Leonora-Mt Magnet corridor.

Others

• Westgold Resources: Mid-tier WA gold producer with multiple operating processing plants in the Murchison and Meekatharra regions. Directly relevant as a potential toll treatment customer for Ozz's Maguires Reward and Rabbit Bore projects.
• Mineral Resources: Major ASX-listed mining services and iron ore producer with significant WA toll milling and crushing capacity. Relevant as a potential third-party toll treatment partner and infrastructure provider for Ozz's projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ozz Resources