Cassini Resources : Board Changes Ahead of Defining Year for Cassini

ASX Release (CZI)

12 December 2019

Board Changes Ahead of Defining Year for Cassini

Cassini Resources Limited (ASX:CZI) ("Cassini" or the "Company") is pleased to announce the appointment of Ms. Sze Man Suen ("Simone") to the Board of the Company as a Non-executive Director, effective immediately.

Simone is a highly credentialed company director with a Bachelor of Business and over 20 years' experience predominantly in the resources industry in Australia and internationally. Simone held the position of Executive Director between 2010 and 2018 at Alliance Mineral Assets Limited ("Alliance") where she procured, mobilised and organised staff and resources for the development, commissioning and operations of the Bald Hill Tantalum/Lithium Project in Western Australia. Alliance successfully listed the project onto the Singapore Exchange Securities Trading Limited in 2014.

Simone brings to the Company a wealth of experience in financing, business development and marketing of early stage mining projects, particularly in Asian markets.

In order to manage the size of the Board, Mr Greg Miles has resigned from his position as an Executive Director, effective immediately, and has been appointed as Chief Operating Officer. Mr Miles' day to day role will not change within the Company, as he steers the Company's technical and operations team, working closely with Joint Venture Partner OZ Minerals Ltd, to deliver a Pre-Feasibility Study at the West Musgrave Project.

Cassini Chairman, Mr Mike Young, said "Simone's appointment to the board of Cassini is perfectly timed ahead of a defining year for the Company. As we prepare for the delivery of the Nebo-Babel Pre- Feasibility Study, Australia's largest copper-nickel development project, Simone's experience will broaden the Company's expertise and assist the Company transition to the next phase of its life. As a substantial shareholder, Simone is strongly aligned with the Company's direction and will assist with developing stronger relationships with a number of Cassini's key shareholders and extend our reach into new investor markets.

"I'd like to thank Greg for his time as a Director. He was a founding Director when the company debuted on the ASX in 2012 and he has made an enormous contribution in the role. Whilst he steps off the Board, it will really be business as usual as he continues as a key part of the Company's leadership team."

For further information, please contact:

Richard Bevan

Managing Director

Cassini Resources Limited

Telephone: [phone]

E-mail:[e-mail]

About the Company

Cassini Resources Limited (ASX: CZI) is a base and precious metals developer and explorer based in Perth. In April 2014, Cassini acquired its flagship West Musgrave Project (WMP), located in Western Australia. The Project is a new mining camp with three existing nickel and copper sulphide deposits and a number of other significant regional exploration targets already identified. The WMP is the largest undeveloped nickel - copper project in Australia.

In August 2016, Cassini entered into a three-stage $36M Farm-in/Joint Venture Agreement with prominent Australian mining company OZ Minerals Ltd (ASX: OZL). The Joint Venture provides a clear pathway to a decision to mine and potential cash flow for Cassini.

Cassini is also progressing its Mt Squires Gold Project (CZI 100%), and the Yarawindah Brook Nickel - Copper - Cobalt Project (CZI 80%), both located in Western Australia.

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