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OZ Minerals and Cassini Resources West Musgrave-Pre-Feasibility Study Progress Update

Mining News - Published on Fri, 30 Aug 2019

Image Source: proactiveinvestors.com.au
OZ Minerals and Cassini Resources announced a progress update on the West Musgrave Project Pre-feasibility Study. The West Musgrave project is a joint venture between OZ Minerals (70%) and Cassini Resources to develop the Nebo and Babel copper and nickel deposits in Western Australia; some 800 km west of Uluru, near the intersection of the borders between Western Australia, South Australia and the Northern Territory. The current study work builds on the Further Scoping Study completed by OZ Minerals and Cassini in November 2017. The West Musgrave Province is relatively under-explored, and the potential upside is highlighted by a significant existing Inferred Resource at Succoth and prospectivity at One Tree Hill; both within 15 km of the Nebo Babel project.

OZ Minerals' CEO, Mr Andrew Cole said that "The Pre-feasibility Study is advancing on a base case assessment aligned with the Further Scoping Study conclusion of a 10 Mtpa copper-nickel open pit mine. The Further Scoping Study announcement commentary described an initial eight years of mine life with clear view on increasing this to beyond 15 years; an expectation of the PFS. We are using an innovative and inclusive process to develop West Musgrave as a modern mine that creates maximum value for key stakeholders. This process involves collaborating with the traditional owners, government agencies, and local and international industry and subject matter experts; which has required a significant investment in time and effort from the various parties.”

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Posted By : Rabi Wangkhem on Fri, 30 Aug 2019
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