Oz Minerals: Completes Cassini Resources purchase

  • OZ Minerals (OZL) has completed its purchase of Cassini Resources (CZI), which includes the West Musgrave Project
  • In June, the company announced it was going to increase its interest in Cassani from 70 per cent to 100 per cent
  • The Supreme Court of Western Australia approved the scheme, also allowing the deal to go ahead
  • The West Musgrave project is located in the Musgrave Province of Western Australia
  • Then the pre-feasibility study in February showed Musgrave to a low cost, 26-year copper0nickel open pit project with a low carbon footprint
  • On market close, OZ Minerals will be up 3.89 per cent and is trading for $13.90 per share
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Marquis Software Confirms Data Theft of 672K Bank Customers in Ransomware Attack

The cyberattack raises concerns about data security in the banking sector.Highlights: Marquis Software data breach impacts 672,000 bank...

NCR Strengthens Focus by Offloading Japanese Bank Technology Business to NTT Data

NCR transfers its Japanese banking tech operations to enhance strategic focus.Highlights: NCR sells its Japanese banking technology business...

Agentic Workforce Initiative Enhances Financial Institutions’ Performance

New platform aims to optimize operations for banks and financial service providers.Highlights: New Agentic Workforce initiative launched for...

Tempo Blockchain Goes Live with Machine Payments Protocol

New technology enhances automated transactions in blockchain space.Highlights: Tempo Blockchain officially launches its machine payments protocol.The new technology...