trending Market Intelligence /marketintelligence/en/news-insights/trending/oiqHqivex79nZt4SrN4pbA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Cassini, OZ to expand West Musgrave nickel-copper JV with Traka's tenements

Industry Top Trends 2021: Metals and Mining

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020


Cassini, OZ to expand West Musgrave nickel-copper JV with Traka's tenements

Cassini Resources Ltd.'s wholly owned subsidiary Wirraway Metals and Mining Pty. Ltd. will acquire the exclusive rights to all of Traka Resources Ltd.'s Musgrave tenements in Western Australia.

Traka has agreed to transfer all of its rights in the tenements to the West Musgrave nickel-copper project, Cassini's joint venture with OZ Minerals Ltd., for A$250,000. Traka will maintain a 2% net smelter royalty over the tenements.

Cassini said Dec. 18 that the package includes two granted exploration licenses adjacent to the Succoth deposit.

The transaction will give Cassini's subsidiary access and exclusive rights to minerals on exploration licenses 69/3156 and 69/3157, and exploration license applications 69/2749, 69/3490 and 69/3569.

The acquisition increases the joint venture's position in the West Musgrave province to about 9,500 square kilometers.