HomeFinTechOz Minerals: Completes Cassini Resources purchase

Oz Minerals: Completes Cassini Resources purchase

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  • 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
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