Large Copper/Moly porphyry in the prolific copper belt of Chile

Chile copper porphyry belt contains highest concentration of copper in the world

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Message: Oz Minerals to Potentially Earn a 90% Interest in Copaquire for $90M

Terry Lynch, President of International PBX Ventures Ltd. Goes Beyond the Press Release to discuss PBX Signing JV option agreement to allow OZ Minerals to earn a 90% interest in Copaquire by making cash payments of $90 million and drilling up to 30,000 meters.

OZ Minerals Now Drilling Multiple Targets

The Copaquire project is one of the most unique copper-moly projects in all of South America containing both high grade molybdenum and copper. A molybdenum rich core (Cerro Moly) surrounded by a large porphyry copper system (Sulfato) with grades of up to 2% copper.

Location: Region I, Northern Chile
Ownership: 100%
Type of Ore body: Copper, molybdenum and rhenium porphyry
Primary Metal: Copper
Secondary Metals: Molybdenum, rhenium
Processing: Potential crush, grind & floation
Infrastructure Accessible by road, 125 km southeast of the city of Iquique

OZ MINERALS OPTION AGREEMENT

In May 2012 PBX signed a definitive Joint Venture Option Agreement with OZ Exploration Chile Limitada, a wholly owned subsidiary of OZ Minerals Limited of Australia, on PBX's Copaquire copper molybdenum property. The terms of the Agreement allow OZ Minerals to earn a 90% interest in Copaquire by making cash payments of $90 million and drilling up to 30,000 m.

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