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cassini resources - Initiation Report August 2015

9 Videos - Aug 2015


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Summary - Initiation Report August 2015

Initiation report  on Cassini Resources (ASX:CZI), an ASX listed Nickel-Copper development company.  Report includes:

  • Valuation & Investment analysis;
  • Site trip to project – Nebo Babel;
  • Review of the exploration potential; and
  • Management Interviews.

TSI Analysis - Valuation

  • Financial Analysis of Cassini to determine our base case valuation.
  • Discuss the key reason for the difference in our valuation and the current share price.
  • Explain reasons for the assumptions used in determining our valuation, including:
    • Commodity prices, financing options as well as the projects sensitivity to opex & capex fluctuations.

TSI Analysis - Investment Analysis

  • Analysis of Cassini as an investment opportunity to highlight the key drivers of our valuation and future catalysts, including;
    • Operating costs;
    • Exploration; and
    • Takeover potential.

TSI Analysis - Risk Assessment

  • Analysis of the key risk we associate with a potential investment in Cassini, including:
    • Project location
      • Concentrate transportation;
      • Water;
      • Power; and
      • Staff.
    • Finance.

Operations - Nebo Babel Project

  • Site trip to the Nebo Babel Project in the West Musgrave region of western Australia.
  • Cassini acquired the Nebo Babel project from BHP Billiton in 2014, and has since increase the size and confidence level of the resource as well as releasing a positive scoping study in 2015.
  • The Scoping Study highlighted that Nebo Babel has the potential to be a large tonnage, low cost nickel and copper operation, with production due to commence in 2018.
  • We review the mining and processing methods identified in the scoping study as well as reviewing the options to export the concentrate from site to port.

Operations - Succoth Prospect

  • The Succoth prospect is located approximately 13km from Nebo-Babel project in the West Musgrave region of Western Australia.
  • BHP discovered the Succoth in 2009 and the exploration work completed by BHP was targeted shallow, copper rich mineralisation over a strike length of 3km.
  • Cassini recently commenced drilling at Succoth to test a EM large conductor.

Exploration and Development - Exploration & Geology

  • Review of the exploration work currently being completed by Cassini.  Topics include:
    • How Nebo Babel and Succoth were first discovered.
    • Current drill program at Succoth.
    • Other exploration work in the West Musgrave region.

Management - Ask the Question - Non-Executive Chairman - Mike Young

Interviews with Cassini's management team to discuss the Scoping Study results, history of the project, strategy and future direction of the company.

Management - Ask the Question - Managing Director - Richard Bevan

Interviews with Cassini's management team to discuss the Scoping Study results, history of the project, strategy and future direction of the company.

Management - Ask the Question - Executive Director - Greg Miles

Interviews with Cassini's management team to discuss the Scoping Study results, history of the project, strategy and future direction of the company.

Management - The Sophisticated Conversation - Non-Executive Chairman - Mike Young

Interviews with Cassini's management team to discuss their relevant work experience as well as their interests and passions away from the office.

Management - The Sophisticated Conversation - Managing Director - Richard Bevan

Interviews with Cassini's management team to discuss their relevant work experience as well as their interests and passions away from the office.

Management - The Sophisticated Conversation - Executive Director - Greg Miles

Interviews with Cassini's management team to discuss their relevant work experience as well as their interests and passions away from the office.

All Videos for cassini resources - Initiation Report August 2015

Summary

Initiation Report August 2015

Initiation report  on Cassini Resources (ASX:CZI), an ASX listed Nickel-Copper development company.  Report includes:

  • Valuation & Investment analysis;
  • Site trip to project – Nebo Babel;
  • Review of the exploration potential; and
  • Management Interviews.

TSI Analysis

Valuation

  • Financial Analysis of Cassini to determine our base case valuation.
  • Discuss the key reason for the difference in our valuation and the current share price.
  • Explain reasons for the assumptions used in determining our valuation, including:
    • Commodity prices, financing options as well as the projects sensitivity to opex & capex fluctuations.

Investment Analysis

  • Analysis of Cassini as an investment opportunity to highlight the key drivers of our valuation and future catalysts, including;
    • Operating costs;
    • Exploration; and
    • Takeover potential.

Risk Assessment

  • Analysis of the key risk we associate with a potential investment in Cassini, including:
    • Project location
      • Concentrate transportation;
      • Water;
      • Power; and
      • Staff.
    • Finance.

Operations

Nebo Babel Project

  • Site trip to the Nebo Babel Project in the West Musgrave region of western Australia.
  • Cassini acquired the Nebo Babel project from BHP Billiton in 2014, and has since increase the size and confidence level of the resource as well as releasing a positive scoping study in 2015.
  • The Scoping Study highlighted that Nebo Babel has the potential to be a large tonnage, low cost nickel and copper operation, with production due to commence in 2018.
  • We review the mining and processing methods identified in the scoping study as well as reviewing the options to export the concentrate from site to port.

Succoth Prospect

  • The Succoth prospect is located approximately 13km from Nebo-Babel project in the West Musgrave region of Western Australia.
  • BHP discovered the Succoth in 2009 and the exploration work completed by BHP was targeted shallow, copper rich mineralisation over a strike length of 3km.
  • Cassini recently commenced drilling at Succoth to test a EM large conductor.

Exploration and Development

Exploration & Geology

  • Review of the exploration work currently being completed by Cassini.  Topics include:
    • How Nebo Babel and Succoth were first discovered.
    • Current drill program at Succoth.
    • Other exploration work in the West Musgrave region.

Management

Ask the Question

Interviews with Cassini's management team to discuss the Scoping Study results, history of the project, strategy and future direction of the company.

The Sophisticated Conversation

Interviews with Cassini's management team to discuss their relevant work experience as well as their interests and passions away from the office.
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