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Cassini Resources exercises Yarawindah Brook option in Western Australia-2019 China(Guangzhou)Int’l Metal & Metallurgy&n
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4/16/2019  金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo-
    Cassini Resources Limited announced that it has exercised its option to acquire 80% of the Yarawindah Brook Ni-Cu-Co-PGE Project in Western Australia by acquiring 80% of the issued capital of Souwest Metals Pty Ltd, a private company associated with Kalgoorlie prospector Mr Scott Wilson.

Mr Richard Bevan MD of Cassini said that “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 Ni-Cu sulphide systems, and provides Cassini with further exposure to the evolving battery metals thematic. Cassini’s technical team have generated a number of priority targets that we look forward to drilling as soon as the access agreements have been finalised."

Consideration for the acquisition (as per ASX announcement 18 January 2018), is the payment of AUD 300,000, plus the grant of 6,072,302 options, each with a 3 year expiry date and exercisable at $0.1235, being 125% of the Company’s 20 day volume weighted average price (VWAP).

Settlement of the acquisition is subject to the execution of an incorporated joint venture agreement within 45 days from exercise of the option. The Company does not intend to seek shareholder approval for the issue of the options at settlement as it has existing Listing Rule 7.1 placement capacity 金属展-冶金展-2019广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-2019 China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition -metal exhibition Metal exhibition, Metal expo, 2019 Metal exhibition, 2019 Metal expo, China Metal exhibition, China Metal expo, steel exhibition, steel expo, 2019 steel exhibition, 2019 steel expo, China steel exhibition, China steel expo .
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