Cassini Resources acquires BHP assets
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Cassini Resources, a small Perth-based mining exploration company, says it is acquiring some of BHP’s Western Australian nickel and copper assets that lie close to the state’s border with the Northern Territory and South Australia.
The 1,000 square kilometre prospect in the West Musgrave region contains as much as 1.5 million tonnes of nickel and 1.56 million tonnes of copper. BHP wants to exit what it considers marginal deposits as they cannot produce 15,000 tonnes of minerals annually for 15 years.
Richard Bevan, Cassini’s managing director, said the company will pay BHP $250,000 in cash for the West Musgrave prospect. Cassini will owe BHP a further $10 million and a 2 per cent royalty, paid per quarter, once successful production begins at the site, he said.
Mr Bevan wants to embark on a drilling program over the next six to 12 months at West Musgrave that will assist in a planned high-grade mining operation.
Listed on the ASX in January 2012, Cassini has other prospects in the West Musgrave region as well as gold prospects in Nevada.
Call 1300 880 160
Start a chat
Schedule a call
