Agrimin expands into West Musgrave with Mount Squires acquisition

Caspin Resources Ltd. ( (AU:CPN) ) has issued an announcement.

Agrimin Limited has agreed to acquire Opis Resources, a Caspin Resources subsidiary that owns the Mount Squires Project in Western Australia’s West Musgrave region, securing a 100% interest in two granted exploration licences and four applications over a 480km2 area. The project lies along a 30km structural corridor near BHP’s Nebo and Babel nickel-copper deposits and hosts historical shallow drilling intercepts of basement gold mineralisation and camp-scale gold anomalies.

Under the deal, Agrimin will pay Caspin in equity and options, issue performance rights linked to exploration spending, and grant a 1% net smelter return royalty on future production from the tenements. The acquisition marks a strategic move to complement Agrimin’s existing West Arunta exploration ground, deepen its footprint in a proven mineral province and position the company for potential discoveries of Tier 1 base metal and critical mineral deposits, while it reviews existing data to define high-priority drill targets.

More about Caspin Resources Ltd.

Agrimin Limited is an Australian minerals company listed on the ASX that has historically focused on the Mackay Potash Project and exploration tenure in remote regions such as West Arunta in Western Australia. The company leverages expertise in operating cost-effective, remote exploration programs in desert environments and is expanding its portfolio into base and precious metals in established mineral provinces.

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