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in 2020 in a A$68.4 million deal, a new company was spun out, Caspin Resources , to house Cassini’s gold and nickel-copper-cobalt assets.this year Caspin kicked off exploration at its 100% owned Mount Squires project in Western Australia’s West Musgrave region, where it is the most active company behind BHP.
Caspin last month reported its highest grade REE mineralization intersected to date at the Duchess Prospect at Mount Squires. Rare earths mineralization extended with results to 2.03% total rare earth oxides 2,712ppm Nd2O3, 728ppm Pr6O11, 432ppm Dy2O3, 72ppm Tb4O7) within 17m @ 0.41% TREO with consistent high proportion of heavy REE, averaging over 30% of TREO.
“We don’t have anything on heavy rare earths in Australia,” Miles noted. “We have very little on rare earths in Australia at all and Australia is very, very big.”
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