Cassini Resources Ltd (ASX:CZI) has drilled 23 metres at 2.91% nickel, 1.13% copper, 0.09% cobalt and 0.47 g/t PGEs at the Nebo deposit within its West Musgrave Project in Western Australia.
The drilling is part of ongoing pre-feasibility study (PFS) activities on the project which is held in joint venture with OZ Minerals Ltd (ASX:OZL).
OZ Minerals recently progressed through the stage I earn-in requirement contributing $22 million to acquire a 51% interest in the project.
The PFS commenced in November 2017 and is expected to be delivered in the June quarter of 2019.
READ: Cassini Resources partner OZ Minerals earns into 51% of West Musgrave Nickel-Copper Project
Three reverse circulation (RC) drill rigs are continuing the 40,000-metre resource infill program which is 75% complete.
Drilling aims to improve resource confidence and allow a maiden Ore Reserve estimate to be published with the PFS results.
Results exceeding expectations
The resource infill drilling has returned the best-ever nickel intersection at Nebo and thick, continuous zones of mineralisation have been intersected at the Babel deposit.
Drilling is estimated to be complete by the end of October, this will be followed immediately by 23,000 metres of drilling to be brought forward from the planned stage II feasibility study program.