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OZ Minerals earning into West Musgrave Copper-Nickel Project
OZ Minerals has signed a heads of agreement with Cassini Resources to earn up to 70% of the West Musgrave project in east-central Western Australia. The project area includes the Nebo-Babel nickel and copper sulphide deposits, the Succoth copper deposit, and other high-grade targets. OZ has made an initial A$3 million commitment to fund a detailed scoping study to optimize the project. Further regional exploration will leverage the A$100 million of previously completed exploration. In conjunction with Cassini, OZ plans to optimize the project parameters through a new infrastructure scoping study, more drilling, and further metallurgical test-work. The shallow-dipping Nebo-Babel deposits lie close to surface, with higher- grade mineralization occurring at the top.
OZ Minerals earning into West Musgrave Copper-Nickel Project
OZ Minerals has signed a heads of agreement with Cassini Resources to earn up to 70% of the West Musgrave project in east-central Western Australia. The project area includes the Nebo-Babel nickel and copper sulphide deposits, the Succoth copper deposit, and other high-grade targets. OZ has made an initial A$3 million commitment to fund a detailed scoping study to optimize the project. Further regional exploration will leverage the A$100 million of previously completed exploration. In conjunction with Cassini, OZ plans to optimize the project parameters through a new infrastructure scoping study, more drilling, and further metallurgical test-work. The shallow-dipping Nebo-Babel deposits lie close to surface, with higher- grade mineralization occurring at the top.
OZ Minerals earning into West Musgrave Copper-Nickel Project
2016
Article (Journal)
English
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