Cassini Resources managing director Richard Bevan says the company’s first assay results for the Succoth deposit at its West Musgrave project have surpassed the expectations he had when the company acquired the project from BHP Billiton earlier this year.

Shares in Cassini shot up 20 per cent to 17.5¢ on the news that it had confirmed higher-than- expected grade at shallow depth at the deposit, which lies just 13 kilometres from the project’s two key deposits, Nebo and Babel.