NOTE: The Musgrave region is dominated by OZL (taken over by BHP in 2022) and Bezos, Gates backed West Kobold. OZL will make its FID on its Nebo Babel Copper-Nickel Project in 2022. ASX penny stocks NC1 (demerged from MLX) focuses developing its Central Musgrave Nickel-Cobalt Project (laterite soil) whose resources were first declared in 2016.

It is highly interest to review OZL’s final development study on its extreme low-grade project (253Mt@0.35% Cu, 0.32% Ni).