Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Cassini Resources acquires 80% of Yarawindah Nickel-Copper-Cobalt-PGE Project

Proactive Investors Thursday, 11 April 2019
Cassini Resources Ltd (ASX:CZI) has exercised its option to acquire 80% of the Yarawindah Brook Nickel-Copper-Cobalt-Platinum Group Metals Project in Western Australia by acquiring 80% of the issued capital of Southwest Metals. Consideration for the acquisition is the payment of $300,000 plus the grant of about 6 million options, each with a 3-year expiry date and exercisable at 2.3 cents, being 125% of the company’s 20-day volume-weighted average price (VWAP). Yarawindah exploration target summary READ: Cassini Resources receives $7 million placement boost, attracts new cornerstone investor Cassini managing director Richard Bevan said: “The Yarawindah Brook Project offers Cassini a well-priced entry into an exciting, early-stage exploration project that allows us to leverage our expertise in nickel-copper sulphide systems and provides Cassini with further exposure to the evolving battery metals thematic. “Cassini’s technical team has generated a number of priority targets that we look forward to drilling as soon as the access agreements have been finalised.” Settlement of the acquisition is subject to the execution of an incorporated joint venture agreement within 45 days from exercise of the option. Historical exploration at Yarawindah has focused primarily on a small platinum and palladium resource which the company views as a ‘path-finder’ anomaly for potential massive nickel-copper-cobalt sulphides. The company completed an airborne electromagnetic survey over the project in early 2018 identifying numerous conductors worthy of investigation. An access agreement with local landholders and environmental approvals is underway in preparation for drill testing.
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Why Facebook Investors Shouldn't Be Worried About Companies Pulling Out of Libra [Video]Why Facebook Investors Shouldn't Be Worried About Companies Pulling Out of Libra

Facebook's Libra project is having partners withdraw from the fledgling cryptocurrency project left and right. It started with Paypal withdrawing last week. Then Stripe, eBay , Mastercard and Visa..

Credit: The Street     Duration: 01:19Published

After Great Hall Project fiasco, Denver International Airport still working on project transition [Video]After Great Hall Project fiasco, Denver International Airport still working on project transition

Two months after moving to end its contract with Great Hall Partners, Denver International Airport is focusing on identifying a design and construction firm for the renovation of the airport’s main..

Credit: 7News - The Denver Channel     Duration: 02:02Published


Recent related news from verified sources

Chase Mining to begin latest drilling round at Canadian projects this week

Chase Mining Corporation Limited (ASX:CML) will kick off the latest round of drilling at the ADZ and Lorraine projects in Canada this week after receiving a...
Proactive Investors

Panoramic Resources appoints experienced mining executive to board

Panoramic Resources Ltd (ASX:PAN) has appointed experienced mining executive Gillian Swaby to the board as a non-executive director. Swaby has a broad skillset...
Proactive Investors

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.