THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has released a maiden Mineral Resource estimate for the Succoth copper deposit, which is part of the company’s 100 per cent-owned West Musgrave project in Western Australia.
The maiden Inferred Mineral Resource totals 156 million tonnes at 0.60 per cent copper at a 0.3 per cent copper cut-off grade for 943,000 tonnes of copper metal.
According to Cassini, the grades at Succoth are favourable to operating open pit copper mines and projects globally.
The company indicated there was also potential at Succoth for PGE by-product credits, particularly for palladium, which has a grade of 0.11 grams per tonne.
Cassini has a few evaluate development options for Succoth, including integration with NeboBabel in a co-development scenario or a sequential development to extend the overall project mine life.
Both scenarios provide Succoth with the advantage of lowering the required capital intensity by utilising existing infrastructure.
“There are several exploration targets that exist within close proximity to Succoth that have the potential to increase the size of the Succoth resource,” Cassini Resources said in its ASX announcement.
“The company is confident that any additional exploration drilling will provide the potential for an expansion of the existing Succoth resource.”