Cassini managing director Richard Bevan.

Cassini to raise $8m, names contractors

Maca and GR Engineering Services have become the preferred contractors for work at Cassini Resources’ Nebo-Babel nickel project while also committing to the mining company’s $8 million capital raising.

If formally awarded the contracts, Maca will provide mining and civil works at Nebo-Babel, while GR Engineering will construct a processing facility and provide ongoing study work.

The capital raising, which was brokered by Hartleys, comprises a $6.5 million placement (of 97 million shares) valued at 6.7 cents per share, with Maca and GR Engineering to subscribe for $2 million and $1.4 million respectively.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
110thTraka Resources100%-5%
173rdCassini Resources54%1%
296thWest African Resources22%4%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$8k Bought
$15k Bought
$15k Bought
Total value as at the date of the transaction
Source: Morningstar


193rd↑West African Resources$210k
194th-Nemex Resources$209k
195th↑Cassini Resources$200k
196th↑Dynasty Resources$190k
197th↑Traka Resources$189k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Cassini Resources

338thRichard Bevan$349k
438thGreg Miles$276k
112thMike Young$81k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer