WEST MUSGRAVE PROJECT (Ni, Cu)
(CZI 100%, with Oz Minerals Ltd earning-in up to 70%)
Since first listing on the ASX in 2012, Cassini has been committed to identifying commercial mineral deposits in the West Musgrave area of Western Australia, and progressing its belief that the region will become the next frontier resources province in Australia.
The West Musgrave Project (WMP) is located in a geologically exciting and relatively underexplored region of Western Australia that is highly prospective for nickel-copper-PGE sulphide deposits and gold. The project area was first subjected to modern exploration by BHP Billiton in the mid 1990’s, which culminated in the discoveries of the Nebo and Babel (Nebo-Babel) nickel and copper sulphide (Ni, Cu) deposits in 2000, and later, the Succoth copper (Cu) deposit in 2013.
Cassini Resources acquired the WMP from BHP Billiton in 2014, and has since progressed the project by conducting regional exploration, in-fill drilling and further geological interpretation of new and historical data to key projects within the mineral rich province.
The Company confirmed the economic viability of the Nebo-Babel deposits by a positive Scoping Study released in April 2015, with further optimisation results released in April 2016. The studies demonstrated strong potential to become a low cost (first quartile) nickel/copper operation with an initial mine life of over 15 years.