July 31 (Reuters) - OZ Minerals Ltd OZL.AX :
* Heads of agreement signed with Cassini Resources Ltd OZL.AX
* OZ Minerals has signed a heads of agreement with Cassini Resources to earn up
to 70 percent of the west musgrave project
* $3 million initial commitment to fund a detailed scoping study to optimise
the project which already has lowest quartile c1 costs
* If co elects to proceed, it will commit $15 million towards study and $4
million in further regional exploration to earn 51 percent of project
* Deal includes nebo-babel nickel and copper sulphide deposit, succoth copper
deposit and other targets
* Source text for Eikon