Cassini Resources

Primary ticker: ASX:CZI
Stage of development: Exploration/Development
Commodity: Nickel, Copper, Cobalt, Zinc, Gold
Project to promote: West Musgrave Project

Live financials

Cassini is a base and precious metals developer and explorer based in Perth, Western Australia. Cassini is progressing the West Musgrave Project with JV partner OZ Minerals Ltd (ASX:OZL). It is a world-class sulphide project hosting 3 deposits with a combined >1.0Mt of contained nickel and 2Mt of contained copper. There are also numerous other exploration targets within the Project area. Recent Scoping Study outcomes confirm a long life, low cost, large scale, open pit mining operation, with development timing positioning the Project well to meet a growing nickel-copper demand from EV and battery markets.
Cassini is also progressing early stage exploration projects in Western Australia in gold, zinc and nickel/copper /cobalt.


Management Profile

Richard Bevan – Managing Director

Richard Bevan is a founding shareholder and Managing Director of Cassini Resources. Since listing on the ASX in 2012 as an “Explorer”, he has overseen the exploration and acquisition strategy that now sees Cassini with a strong portfolio of development and exploration projects. This includes the West Musgrave Project, one of the largest undeveloped nickel and copper projects in Australia, currently part of a Joint venture arrangement with OZ Minerals Ltd.

Richard has been involved in a number of business areas including healthcare, construction and engineering, and information technology.

What is your rationale for attending 121 Mining Investment?

Cassini is looking to introduce the Company and West Musgrave Project to a broader investment community with the delivery of the Pre-Feasibility Study in targeted for Q2 2019.

What recent news would you like to highlight to investors attending?

10 September 2018 – Further Success at Yappsu Prospect
17 August 2018 – Capital Raising
17 July 2018 – Assays Confirm Potential of H-T Lode
16 July 2018 – Significant Nickel Mineralisation at Yappsu

What are your key goals for the next 3, 6 and 12 months?

3 Months:

PFS work at West Musgrave, including metallurgy, resource extension drilling and regional exploration.

Exploration activity at West Arunta Zinc Project

6 Months:

Delivery of PFS on Nebo-Babel deposits in Q2 2019

Funding discussions for CZI share (30%) of WMP capital expenditure

Exploration at Yarrawindah Brook (Ni/Cu/Co) Project

Exploration at Mt Squires Gold Project

12 Months:

Progressing DFS on WMP to be deliver Q2 2020.

Progress CZI funding options.

Identify new projects for M&A or JV.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

External commodity price risk which has been mitigated by JV partnership on primary project.

Funding CZI share of WMP capex. We have commenced discussions around this and are exploring a range of traditional and innovative options

In a sentence, what do you think makes your company such a compelling investment?

The WMP is one of a few new nickel and copper sulphide projects globally that can meet the forecast increased demand for battery metals.

CZI has a free financial carry to a decision to mine on the Project.

There is a significant gap between the market cap of CZI and the value of 30% of the WMP that will reduce as we get closer to delivery of the PFS and provide visibility on funding.