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Cassini Resources distributes tax credits to shareholders

There are 30+ people on site and four active drill rigs at the Musgrave Project.
West Musgrave Project - Deposits and priority exploration targets.
Schemes such as this show the government's support for the industry

Cassini Resources Ltd (ASX:CZI) will distribute $179,861 worth of tax credits to shareholders that were on the share register on 31 May 2018.

The tax credits are a result of Cassini being successful in its year three application for participation in the Exploration Development Incentive (EDI) scheme.

Cassini currently has 276.4 million shares on issue, as such the EDI equates to a distribution of about 0.065 cents per share.

READ: Cassini Resources begins drilling nickel-copper targets at West Musgrave

Cassini recently commenced a regional exploration drilling program targeting nickel and copper targets at the West Musgrave Project in Western Australia.

The program is funded by OZ Minerals Limited (ASX:OZL) as part of an earn-in/ joint venture agreement.

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Cassini Resources Ltd Timeline

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