In August 2016, OZ Minerals signed an agreement with Cassini Resources to earn up to 70% of the West Musgrave Project, Australia’s largest undeveloped copper nickel deposit.
The project is located in the Musgrave Province of Western Australia and includes the Nebo-Babel nickel-copper and Succoth copper deposits. OZ Minerals is hoping to establish the West Musgrave project as a scaleable, low cost, long life, open pit mining operation.
The tenements have excellent potential for the discovery of further magmatic nickel-copper sulphide systems. Copper and nickel intersections have been returned from drilling at several other prospects.
In November 2017, OZ Minerals and Cassini announced that the West Musgrave project would progress to a pre-feasibility study. This pre-feasibility study timeline was extended in 2019 in order to complete a detailed evaluation of additional value-add opportunities. The most significant, the use of a dry vertical roller mill to reduce power consumption, has been complemented by reducing the onsite workforce through remote operations, optimising power supply and demand, and using alternative processing technologies.
In parallel with the pre-feasibility study, OZ Minerals has developed stronger relationships with the local community and progressed baseline environmental studies with a view to submitting regulatory approvals documentation in 2020.
Discussions with the Traditional Owners are ongoing, with a view to developing a Mining Access agreement.
For more information on this project, please refer to the ASX Releases section of the website.