Oz Minerals will have the right to a 70 per cent stake in the West Musgrave project with an overall investment of $36 million.

Oz Minerals advances Cassini joint venture

OZ Minerals has progressed its joint venture with local explorer Cassini Resources at the West Musgrave nickel-copper project after positive results in a further scoping study.

Stage two of the farm-in agreement allows OZ Minerals to earn a 51 per cent stake in West Musgrave, which is located south of Jameson, with an investment of $19 million.

In a joint statement, the companies announced the project would move to a pre-feasibility study after a study examining scale options indicated the viability of a large, low-cost mine.


(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
436thGreg Miles$276k
112thMike Young$81k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer