Cassini Resources Limited is an ASX-listed (ASX: CZI) base and precious metals developer and explorer based in Perth. In April 2014, the Company acquired its flagship West Musgrave Project (WMP), located in Western Australia. The WMP is a world-class asset which currently has over 850,000 tonnes of contained nickel and 1.8 million tonnes of contained copper in Resource. The WMP is a new mining camp with three existing nickel and copper sulphide deposits and a number of other significant regional exploration targets already identified. The WMP is the largest undeveloped nickel copper project in Australia.
In August 2016, Cassini entered into a $36M farm-in/ Joint Venture (JV) agreement with prominent Australian mining company OZ Minerals Ltd (ASX: OZL). The JV will fund the continued development and exploration of the WMP, and provides a clear pathway to a decision to mine and potential cash flow for the Company.
Cassini is also progressing its Mt Squires Gold Project in WA and an early stage zinc exploration project in the West Arunta region of WA.
Through the development of the West Musgrave and other projects, Cassini is already building a new Australian base metals company.