SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                              _________________
                                AMENDMENT TO
                                 FORM 10-QSB


[  X  ]     Quarterly report under Section 13 or 15 (d) of the Securities
                              Exchange Act of 1934


 FOR THE QUARTERLY PERIOD ENDED       JUNE 30, 1996
                                      -------------

OR

[     ]  Transition report under section 13 or 15 (d) of the Exchange Act



                        COMMISSION FILE NUMBER 0-14136

                                CASMYN CORP.
           (Exact name of registrant as specified in Charter)


                                  COLORADO
                (State or other jurisdiction of incorporation)


                                 84-0987840
                      (IRS Employer Identification No.)

                         1335 GREG STREET, UNIT #104
                             SPARKS, NEVADA 89431
                                (702) 331-5524

        (Address and Telephone Number of Principal Executive Offices)


        Check whether the issuer (1) filed all reports required to be filed by
section  13  or  15  (d) of the Exchange Act during the past 12 months (or for
such  shorter  period  that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.    
Yes  [  X  ]  No  [     ].

As  of  September 23, 1996, 9,992,492 shares of the issuer's common stock were
outstanding.

     This report contains 12 pages.  There are no exhibits.

<PAGE>


                                 CASMYN CORP.
                                 FORM 10-QSB
                                    INDEX

                                                                           Page
                                                                            No.
PART I.   Financial Information:                                           ----

          Condensed Consolidated Balance Sheet  - September 30, 1995
               and June 30, 1996 (Unaudited)                                 3

          Condensed Consolidated Statements of Operations - Three Months
               and Nine Months ended June 30, 1996 and 1995 (Unaudited)      4

          Condensed Consolidated Statements of Cash Flows - Nine Months
               ended June 30, 1996 and 1995 (Unaudited)                      5

          Notes to Condensed Consolidated Financial Statements               6

          Management's Discussion and Analysis of Financial Condition
               and Results of Operations                                     9

PART II.  Other Information:

          Item 6 - Exhibits and Reports on Form 8-K                         12

          Signatures                                                        12

          Financial Data Schedule                                           13
<PAGE>
                                 CASMYN CORP.
                     CONDENSED CONSOLIDATED BALANCE SHEET
                                    ASSETS


<TABLE>
<CAPTION>



                                              SEPTEMBER 30,  JUNE 30, 1996
                                                   1995       (UNAUDITED)
                                       
CURRENT ASSETS:
<S>                                           <C>         <C>
Cash and cash equivalents                      $ 4,938,945   $5,473,211
Common stock subscriptions receivable            7,125,002            -
Accounts receivable, net                           593,658      225,702
Inventories                                        312,069    1,749,845
Prepaid expenses and other assets                   93,732      135,000
                                                ----------   ----------
     Total Current Assets                       13,063,406    7,583,848
                                                ----------   ----------
                                       
INVESTMENT IN RELATED PARTY                        204,227      204,227
INVESTMENT IN AFFILIATES                                 -    8,367,702
EQUIPMENT AND IMPROVEMENTS, net of
 accumulated depreciation of
 $147,959 and $227,696                             313,694    2,945,392
MINERAL PROPERTIES                                 197,227    6,712,458
DUE FROM RELATED PARTIES, NET                       58,451       67,066
OTHER ASSETS                                       572,388    1,622,807
                                               -----------  -----------
TOTAL ASSETS                                   $14,315,661  $27,503,500
                                               ===========  ===========        
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accounts payable                                  $384,590   $2,617,047
Accrued liabilities                                190,052      314,848
Current portion of long-term debt                   27,462            -
                                                ----------   ----------
     Total Current Liabilities                     602,104    2,931,895
                                                ----------   ----------
LONG-TERM DEBT                                      71,298            -
                                                ----------   ----------        
CONVERTIBLE DEBT                                 5,000,000    5,000,000
                                                ----------   ----------
     Total Liabilites                            5,673,402    7,931,895
                                                ----------   ----------
MINORITY INTEREST                                  498,663            -
                                                ----------   ----------
STOCKHOLDERS' EQUITY:
Preferred stock, $.10 par value;
  20,000,000 shares authorized;
  0 and 2,707,000 shares issued
  and outstanding                                        -      270,700
Common stock, $.04 par value;
  300,000,000 shares authorized;
  8,604,637 and 7,285,492 shares
  issued and outstanding                           344,185      291,480
Additional paid-in capital                      11,859,844   27,854,536
Accumulated deficit                           (  4,067,783) ( 8,501,094)
Foreign currency translation adjustment              7,350  (   319,017)
Treasury stock, 1,500 shares at cost                     -  (    25,000)
                                               -----------  -----------
     Total Stockholders' Equity                  8,143,596   19,571,605
                                               -----------  -----------
  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $14,315,661  $27,503,500
                                               ===========  =========== 
</TABLE>
  SEE ACCOMPANYING NOTES TO CONDENSED, CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>
CASMYN CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND NINE MONTHS ENDED JUNE 30, 1996 AND 1995
(UNAUDITED)
<TABLE>
<CAPTION>
                               FOR THE NINE MONTHS      FOR THE THREE MONTHS
                                    ENDED JUNE 30,           ENDED JUNE 30,
                                1996          1995       1996           1995
                              ---------------------    ----------------------   
<S>                         <C>          <C>          <C>          <C>
SALES                        $1,065,538    $375,270      $405,881      $44,908
COST OF GOODS SOLD              756,732     270,195       323,313       32,334
                             ----------   ---------     ---------   ----------
GROSS PROFIT                    308,806     105,075        82,568       12,574
                             ----------   ---------     ---------   ----------

COSTS AND EXPENSES:
Selling, general and
  administrative expense      4,695,678   3,296,155     1,945,928    1,560,096
Depreciation, depletion
  and amortization              100,778     167,174        52,595       55,725
Mineral exploration expense     447,647     769,473       105,004      289,799
Research and development        204,113     150,768        38,253       40,205
                             ----------  ----------     ---------    ---------
                              5,448,216   4,383,570     2,141,780    1,945,825
                             ----------  ----------     ---------    ---------
LOSS FROM OPERATIONS        ( 5,139,410) (4,278,495)   (2,059,212)  (1,933,251)
             
OTHER INCOME (EXPENSE):
Minority interest in net
  loss of consolidated
  subsidiary                    498,663   1,991,189             -      801,175
Interest and other income       343,527      85,545        92,016        3,905
Interest expense             (  136,091) (    9,454)    (  44,071)   (   3,150)
                             ----------  ----------     ---------    ---------
                                706,099   2,067,280        47,945      801,930
                             ----------  ----------    ----------   ----------
LOSS FROM CONTINUING
  OPERATIONS                 (4,433,311) (2,211,215)   (2,011,267)  (1,131,321)
                    
GAIN FROM DISCONTINUED
  OPERATIONS                          -      32,429             -            -
                             ----------  ----------    ----------   ----------
NET LOSS                    $(4,433,311)$(2,178,786)  $(2,011,267) $(1,131,321)
                             ==========  ==========    ==========   ==========
INCOME (LOSS) PER COMMON SHARE:
 Loss from Continuing
   Operations                     $(.71)      $(.29)        $(.29)       $(.15)
 Income from Discontinued
   Operations                         -           -             -            -
                             ----------  ----------    ----------   ----------
NET LOSS                          $(.71)      $(.29)        $(.29)       $(.15)
                             ==========  ==========    ==========   ==========
WEIGHTED AVERAGE COMMON
  SHARES OUTSTANDING          6,270,719   7,574,827     6,931,264    7,744,010
                             ==========  ==========    ==========   ==========
</TABLE>

       SEE ACCOMPANYING NOTES TO CONDENSED, CONSOLIDATED FINANCIAL STATEMENTS.


<PAGE>
CASMYN CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED JUNE 30, 1996 AND 1995
(UNAUDITED)
<TABLE>
<CAPTION>
                                                     1996              1995
                                                   --------          --------
<S>                                             <C>              <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
NET LOSS                                         $(4,433,311)     $  (2,178,786)
Adjustments to reconcile net loss to net cash
  used in operating activities:
    Depreciation, depletion and amortization         100,778            167,174 
    Minority interest in net loss of
      consolidated subsidiary                     (  498,663)        (1,991,189)
    Compensation expense from stock options          364,560            620,000 
    Amortization of debt issue costs                  45,000                  - 
    Other non-cash expense                            58,563            190,000 
    (Increase) decrease in accounts receivable       367,956         (    9,668)
    Increase in inventory                         (1,437,776)        (   59,038)
    Increase in prepaid expenses and other assets (1,077,425)        (  247,066)
    Increase in accounts payable and 
      accrued liabilities                          2,357,253             87,560 
    Increase in amounts due from related parties   (   8,615)        (1,126,776)
                                                  ----------         ----------
      Net cash used in operating activiites       (4,161,680)        (4,547,789)
                                                  ----------         ----------
CASH FLOWS FROM INVESTING ACTIVITIES
    Investment in mineral properties              (6,515,231)                 - 
    Proceeds from sale of investments
      in related party                                    -            557,196 
    Proceed from sale of assets                           -            209,324 
    Purchase of equipment and improvements       (2,732,476)        (  161,502)
    Investment in affiliate                      (1,398,000)                 - 
                                                  ----------         ----------
    Net cash provided by (used in)
      investing activities                      (10,645,707)           605,018 
                                                  ----------         ----------
CASH FLOWS FROM FINANCING ACTIVITIES
    Issuance of Company common stock             15,791,780          2,571,852 
    Issuance of Vector Venture Corp. common stock         -            325,660 
    Repayments of long-term debt                 (   98,760)        (   33,114)
    Purchase of treasury shares                  (   25,000)                 - 
                                                 ----------          ----------
      Net cash provided by financing activities  15,668,020          2,864,398 
                                                  ----------         ----------
FOREIGN CURRENCY TRANSLATION ADJUSTMENT          (  326,367)             9,972 
                                                  ----------         ----------
NET INCREASE (DECREASE) IN CASH 
  AND CASH EQUIVALENTS                           $   534,266        $(1,068,401)
                                                  ==========         ==========
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD     4,938,945          1,075,876 
                                                  ----------         ----------
CASH EQUIVALENTS, END OF PERIOD                  $ 5,473,211        $     7,475 
                                                  ==========         ==========
</TABLE>

 DISCLOSURE OF ACCOUNTING POLICY:

For purposes of cash flows, the Company considers all short-term investments
with an original maturity of three months or less to be cash equivalents.


     SEE ACCOMPANYING NOTES TO CONDENSED, CONSOLIDATED FINANCIAL STATEMENTS.

<PAGE>
                                 CASMYN CORP.
             NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 (UNAUDITED)

1.     BASIS OF PRESENTATION

The  accompanying  condensed  consolidated financial statements are unaudited;
however, in the opinion of management, such statements include all adjustments
(which  are  of  a normal, recurring nature) necessary for a fair statement of
the results for the interim periods.  The financial statements included herein
have  been  prepared by Casmyn Corp. (the "Company") pursuant to the rules and
regulations  of  the  Securities and Exchange Commission.  Certain information
and footnote disclosures normally included in financial statements prepared in
accordance  with  generally accepted accounting principles have been condensed
or  omitted  pursuant  to  such  rules  and  regulations, although the Company
believes  that  the  disclosures  included  herein  are  adequate  to make the
information not misleading.

The  organization and business of the Company, accounting policies followed by
the  Company and other information are contained in the notes to the Company's
consolidated financial statements filed as part of the Company's September 30,
1995  Form  10-KSB.    The Form 10-KSB should be read in conjunction with this
quarterly report.

2.     INVESTMENT IN RELATED PARTY

At June 30, 1996, the Company holds 425,750 shares of common stock of Auromar
Development  Corporation  ("Auromar"),  a  related  party.   The  Company has
announced an agreement in principle to merge with Auromar.

3.     RELATED PARTY TRANSACTIONS

The  Company conducts business with various companies that are related through
the  existence  of  certain  common  officers,  directors  and  significant
stockholders.    These related parties include:  Diamond Fontein International
Limited;  Auromar Development Corp.; Dahya Holdings, Inc.; and Casmyn Research
and  Engineering, Ltd..  As a result of these related party transactions, cash
advances from and to the Company and other transactions, the Company had a net
amount  due  from related parties at June 30, 1996 of $67,066.  This amount is
non-interest bearing and contains no formal repayment terms.

4.     INVENTORIES

A summary of inventories follows:


<TABLE>
<CAPTION>

                            SEPTEMBER 30, 1995   JUNE 30, 1996
                            -------------------  --------------
<S>                         <C>                  <C>
Raw Materials and Supplies  $           130,803  $      978,269
Finished Goods                          181,266         771,576
                            -------------------  --------------
                            $           312,069  $    1,749,845
                            ===================  ==============
</TABLE>
<PAGE>

5.     PROPOSED AUROMAR MERGER

On  March  29, 1995, the Company announced that it had reached an agreement in
principle  to  effect a merger with Auromar Development Corp.  Under the terms
of  the  agreement, as amended October 11, 1995, shareholders of Auromar would
receive  one  (1)  share  of  Casmyn Corp. common stock for two and six tenths
(2.6)  shares  of  Auromar  common stock.  The merger has been approved by the
shareholders  of Auromar Development Corp.  The agreement has been approved by
the  British  Columbia  (Canada)  Supreme Court.  The Company anticipates that
this transaction will be completed in the near future.

6.     ZIMBABWE ACQUISITIONS

Effective  January  31, 1996, in accordance with the terms and conditions of a
formal  Purchase Agreement concluded in August 1995, the Company completed the
acquisition  of  100%  of  the  shares  of  a group of five (5) private mining
companies  controlled by the Muir Family in Zimbabwe through E.W.B. Properties
(Private)  Limited  ("EWB").  The total consideration for this acquisition was
$4,071,415  million  plus  applicable  taxes  which are currently estimated at
approximately  $1,018,000.   The acquisition includes several mining claims on
producing  gold  mining  properties  covering  approximately  1,200  hectares
(approximately  2,965  acres)  in  the Bubi Greenstone Gold Belt of Zimbabwe. 
These properties include infrastructure, mining and milling equipment.

In  a  separate  transaction,  also  effective  January  31, 1996, the Company
completed  the  acquisition  of a 100% interest in the Dawn Mine property from
Olympus Gold Mines Ltd. in Zimbabwe for approximately $455,000.  The Dawn Mine
is adjacent to the mines acquired in the EWB transaction.

The  acquisitions  were accounted for using the purchase method.  The purchase
price has been allocated to mineral properties.

7.     PREFERRED STOCK

On  October 3, 1995, the Company converted 2,707,000 of its common shares held
directly  or  beneficially by the Company's President, Chief Executive Officer
and  Chairman  of  the  Board, into 2,707,000 Series A preferred shares.  Each
Series  A  preferred  share  is  convertible, at the holder's option, into one
share of the Company's common stock and is entitled to receive dividends equal
to  that  of common shares, without preference.  Preferred shares are entitled
to  vote  with  common  shares  with the further provision that each preferred
share will be entitled to the equivalent of five (5) common share votes.

8.     INVESTMENT IN AFFILIATES

On  May  24,  1996,  the Company issued 606,061 commons shares in exchange for
5,680,514  common  shares  of  WestAmerica  Corporation  ("WestAmerica"),
approximately  a  65%  interest.    WestAmerica is engaged in the oil and gas
exploration  and  production  business primarily in the states of Oklahoma and
Texas.    WestAmerica  also  engages  in the securities and investment banking
businesses  through  its  ownership of WestAmerica Investment Group, Inc. and
its subsidiary WIC, a registered broker dealer.  The Company has accounted for
the  transaction using the equity method since the shares acquired are subject
to  a  repurchase  agreement  by  WestAmerica and have been placed in a voting
trust  controlled  by  an  officer  and  director of WestAmerica.  As such the
Company  exercises  no  effective control over the operations or management of
WestAmerica,  however,  the Company has the ability to appoint two out of five

<PAGE>

board  members.   The transaction has been valued at approximately $6,970,000,
which  was  calculated  based  upon  an  $11.50 per common share value for the
Company's  common  stock.   This value reflects a discount from recent similar
sized  transactions  to  compensate  for  the  restricted nature of the shares
issued in the transaction

On  May  7,  1996, the Company entered into a 50:50 joint venture with Newgold
Incorporated,  a private company based in Reno, Nevada, for the development of
the  Relief  Canyon Mine located in Pershing County, Nevada.  The Company had 
contributed $700,000 and recorded a payable of $698,000 for the remaining
interest as of June 30, 1996.

9.     SUMMARY OF EQUITY TRANSACTIONS

During the nine months ended June 30, 1996, the Company has recorded the 
following activity in its equity accounts:
<TABLE>
<CAPTION>                     
                                                                  Additional
                              Common      Common     Preferred     Paid-in
Description                   Shares      Stock        Stock       Capital
-----------------------------------------------------------------------------
<S>                        <C>          <C>        <C>           <C>
Balances September 30, 1995  8,604,637   $ 344,185  $       -     $11,859,844
                           --------------------------------------------------  
Conversion to preferred     (2,707,000)  ( 108,280)   270,700     (   162,420)
Private placement              750,000      30,000          -       8,779,862
Shares issued in lieu 
 of interest                     3,294         132          -          58,431
Deferred compensation                -           -          -         364,560
Exercise of stock options       30,000       1,200          -         198,800
Shares issued for 
 acquisition of affiliate      606,061      24,243          -       6,755,459
Purchase of treasury stock  (    1,500)          -          -               -
Foreign currency translation
 adjustment                          -           -          -               -
Net loss                             -           -          -               -
-----------------------------------------------------------------------------
Balances at June 30, 1996
 (unaudited)                 7,285,492   $ 291,480  $ 270,700     $27,854,536
=============================================================================
<CAPTION>
                                          Foreign                    Total 
                                          Currency                 Stockholders'
                            Accumulated  Translation  Treasury       Equity
Description                   Deficit    Adjustment     Stock     (Deficiency)
-------------------------------------------------------------------------------
<S>                       <C>            <C>       <C>           <C>
Balances September 30,1995 $(4,067,783)   $  7,350  $       -     $ 8,143,596
                           ----------------------------------------------------
Conversion to preferred              -           -          -               -
Private placement                    -           -          -       8,809,862   
Shares issued in lieu
 of interest                         -           -          -          58,563
Deferred compensation                -           -          -         364,560
Exercise of stock options            -           -          -         200,000
Shares issued for acquisition
 of affiliate                        -           -          -       6,779,702
Purchase of treasury stock           -           -    (25,000)     (   25,000)
Foreign currency translation
 adjustment                          -    (326,367)         -      (  326,367)
Net loss                    (4,333,311)          -          -      (4,333,311)
                           ---------------------------------------------------
Balances at June 30,
 1996 (unaudited)          $(8,501,094)  $(319,017)  $(25,000)    $19,571,605
                           ===================================================
</TABLE>
<PAGE>
                     MANAGEMENT'S DISCUSSION AND ANALYSIS
               OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

NINE  MONTHS  ENDED  JUNE  30, 1996 COMPARED TO THE NINE MONTHS ENDED JUNE 30,
1995

Revenues  for the nine months ended June 30, 1996, were $1,065,538 compared to
$375,270  for  the nine months ended June 30, 1995.  The $690,268 increase was
due  to  an  increase  of  $317,512 in sales of water purification systems and
$372,756 from the sale of gold produced in Zimbabwe.  Overall gross profit for
the  nine  months  ended  June  30,  1996 was 29% compared to 28% for the nine
months  ended  June  30,  1995.   Gross profit on water purification equipment
sales was 32% for the nine month period ended June 30, 1996 compared to a loss
in  the same period ended June 30, 1995 due to lower freight charges and lower
component  costs.    Gross  profit on gold sales was 23.4% for the nine months
ended  June  30, 1996, there were no gold sales in the nine month period ended
June 30, 1995.

Costs  and  expenses  were $5,448,216 for the nine months ended June 30, 1996,
compared to $4,383,570 for the nine months ended June 30, 1995, an increase of
$1,064,646.    Compensation and benefits increased $394,757 for the nine month
period  ended  June  30, 1996 compared to the nine month period ended June 30,
1995  due  primarily to the Company recording $364,560 in compensation expense
related  to  the granting of 246,000 non-qualified stock options and increased
staff  levels  in  the  nine  month period ended June 30, 1996 compared to the
period  ended  June  30,  1995.    Expenses  related to professional services,
primarily audit and legal increased by $341,556 in the nine month period ended
June  30,  1996 compared to the nine month period ended June 30, 1995.  Travel
related  expenses  increased  $261,781 in the nine month period ended June 30,
1996  compared  to  the nine month period ended June 30, 1995 due to increased
trips  to  Africa,  India  and  Vietnam related to the Company's operations in
those  countries.    Mineral  exploration expense and depreciation decreased a
total of $321,826 in the nine month period ended June 30, 1996 compared to the
nine  months ended June 30, 1995 due to start up of limited gold production at
the  Zimbabwe  mines.   This decrease was offset by a increase in research and
development  related  expenses  of  $53,345.  Other general and administrative
costs  increased  $335,033 for the nine months ended June 30, 1996 compared to
1995  due primarily to higher costs related to business activities in Vietnam,
increased costs related to the U.S. rollout of water purification products and
expenses incurred at the Zimbabwe mining properties.

Other  income, exclusive of minority interest, was $207,436 for the nine month
period ended June 30, 1996, compared to $76,091 for the nine months ended June
30,  1995,  an  increase  of  $131,345.    This  increase was due primarily to
interest income earned on short term investments made by the Company offset by
interest  expense.    Minority  interest  in the net loss of VETI decreased by
$1,492,526  for the nine months ended June 30, 1996 due to a limitation on the
amount of loss which could be absorbed by the minority shareholders.

The  Company  anticipates  that  expenditures  related  to upgrading the newly
acquired  mining  properties in Zimbabwe will exceed revenues derived from the
sale  of  gold  from  the mines.  The Company is in the process of preparing a
capital  improvement  budget  for  the Zimbabwe properties.  Additionally, the
Company  anticipates  that expense levels experienced in the nine months ended
June  30, 1996 relating to active exploration programs in in various countries
will  continue for the foreseeable future.  The Company charges to expense all
mineral  resource exploration and development costs until the mineral property
to  which they relate is determined to have proven reserves for which recovery
is  economically  feasible.    Costs  are  then  capitalized until the mineral
property  to  which  they relate is placed into production, sold, abandoned or
written  down where there is an impairment in value.  Capitalized costs are to
be  charged  to  future operations on a unit-of-production basis.  The Company
estimates  that  total gold resources at the Turk Mines are 5,000,000 ounces. 
Independent  engineering  studies  are currently underway which may cause this
estimate  to  change.    The  gold  occurs  in  sulfides,  oxides and old mill
tailings.

<PAGE>

THREE  MONTHS  ENDED JUNE 30, 1996 COMPARED TO THE THREE MONTHS ENDED JUNE 30,
1995

Revenues  for  the  three months ended June 30, 1996 were $405,881 compared to
$44,908  for  the  three months ended June 30, 1995.  The $360,973 increase is
due  primarily  to  the sale of gold produced at the Zimbabwe mine of $267,378
and an increase in sales of water purification equipment

Costs  and  expenses  were $2,141,780 for the three months ended June 30, 1996
compared  to  $1,945,825 for the three months ended June 30, 1995, an increase
of $195,955.  Compensation and benefits increased $114,493 for the three month
period  ended  June 30, 1996 compared to the three month period ended June 30,
1995  due  primarily  to  $121,520  in compensation expense related to certain
non-qualified  stock  options.    Expenses  related  to professional services,
primarily  legal, audit and marketing increased by $121,339 in the three month
period  ended  June 30, 1996 compared to the three month period ended June 30,
1995.    Provision  for impairment of foreign investments was $150,000 for the
three  months  ended  June  30,1996,  there was no provsion in the three month
period ended June 30, 1995.  Depreciation and research and development expense
increased  marginally  in the three months ended June 30, 1996 compared to the
prior  year  three  month  period.  These increases were partially offset by a
decrease  in  mineral  exploration  expenses of $184,795 due to commencment of
mining operations at the Zimbabwe mining properties.

Minority  interest in the net loss of VETI decreased by $875,600 for the three
months  ended  June  30, 1996 due to a limitation on the amount of losses that
could  be  absorbed  by the minority shareholders.  Other income, exclusive of
minority interest, was $47,945 for the three month period ended June 30, 1996,
compared  to  $755  for  the  three months ended June 30, 1995, an increase of
$47,190.  This increase is due to increased interest income on investments.

CAPITAL RESOURCES AND LIQUIDITY

At  June  30,  1996,  the  Company's working capital was $4,516,863, including
$5,473,211  in  cash  and  cash  equivalents.   The Company's mineral resource
development  business segment has acquired certain mineral properties in South
Africa  and  on  January  31, 1996 concluded the acquisition of certain mining
properties and assets in Zimbabwe for $4,526,415 cash plus applicable taxes of
$1,017,854  to  be  paid  upon  assessment subject to certain adjustments.  In
addition,  the  water  purification  business  segment  has  begun  sales  and
marketing programs in North America and in various third world countries.

Management  anticipates  that  the net use of cash by operations will increase
during  the  foreseeable  future  due  to  expenditures  on  mineral  resource
development  projects  in  South  Africa,  mineral  exploration  and  facility
upgrades  at the Zimbabwe mining properties and development of various markets
for VETI's water purification technologies.  The Company will use current cash
and  cash  equivalents  to  fund  the  on-going projects in the short term and
anticipates  that  it  will  be  able  to secure additional debt and/or equity
financing, to fund longer term projects.  As evidence of the Company's ability
to secure debt and/or equity financing in the six month period ended March 31,
1996  the  Company  has  received  $8,815,555,  net  of  commissions and other
expenses  related  to  the  transaction, through issuance of 750,000 shares of
restricted common stock in an exempt private transaction.

<PAGE>

Net  Cash Used in Operating Activities.  Net cash used in operating activities
was  $4,161,707 for the nine months ended June 30, 1996 compared to $4,547,789
for  the  nine  months  ended June 30, 1995.  The decrease in net cash used in
operations  was  due principally to a decrease in minority interest in the net
loss  of  VETI  of  $1,492,526  offset by increases in the net loss because of
active exploration programs conducted on mineral properties in fiscal 1996 and
expenses related to sales of water purification systems.

Net  Cash Used in Investing Activities.  Net cash used in investing activities
was  $10,645,680  for the nine months ended June 30, 1996 compared to net cash
provided  by  investing  activities of $605,018 for the nine months ended June
30,  1995.    The increase in net cash used in investing activities was due to
the  purchase  of  certain  mineral  properties  and  assets  in Zimbabwe, and
purchases of equipment and improvements, primarily related to a water bottling
plant under construction in Vietnam.

Net  Cash  Provided  by  Financing Activities.  Net cash provided by financing
activities was $15,668,020 for the nine months ended June 30, 1996 compared to
$2,864,398  for  the  nine months ended June 30, 1995.  The increase is due to
the  Company receiving $15,791,780 from the collection of funds, net of costs,
from private placements of common stock of the Company and VETI, offset by the
repayment  of  long-term debt of $98,760 and the purchase of treasury stock of
$25,000.

The  Company  is  organized  with a relatively small, highly trained staff and
anticipates  that  the  overall staff level will remain low in the foreseeable
future  because  the  majority of mineral resource exploration and development
activities  are  performed  by independent contractors on a project by project
basis.    In  addition,  the  Company  employs approximately 300 people in its
mining  facilities  in Zimabawe.  The Company believes that these arrangements
will  not  require a significant investment by the Company in either personnel
or facilities.



<PAGE>

PART II.  OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K


A.  Exhibits

               None

B.  Forms 8-K


     1.     The Company filed an 8-K on April 3, 1996, reporting that on March
29,  1996,  through  an offshore securities subscription agreement executed in
reliance upon the "safe harbor" afforded by Regulation S as promulgated by the
Securities  and  Exchange  Commission,  under  the  Securities Act of 1933, as
amended,  that  it  completed  the  sale  750,000  units  for  net proceeds of
$8,892,090 to twelve (12) accredited foreign investors.  Each unit consists of
one  share  of  the Company's common stock plus one warrant; two warrants plus
$13.00  will  entitle the holder to purchase one share of the Company's common
stock.

     2.     The Company filed an 8-K on May 30, 1996 (amended July 18, 1996 to
provide  financial  statements  of  WestAmerica  and  pro  forma  financial
information),  reporting that on May 24, 1996, it acquired 5,680,514 shares of
restricted common stock of WestAmerica Corporation ("WestAmerica") for 606,061
shares of its restricted common stock.  The transaction results in the Company
holding approximately 65% of the outstanding common stock of WestAmerica.  The
Company  has  delivered  an  irrevocable proxy to a director of WestAmerica to
vote  these restricted shares, as a result the Company has not obtained voting
control  of  WestAmerica  howeverthe  Company will account for the transaction
using the equity method.

SIGNATURES

Pursuant  to  the  requirements  of  the  Securities Exchange Act of 1934, the
registrant  has  duly  caused  this  report  to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   Casmyn Corp.




                                  /s/ Dennis E. Welling
October 8, 1996                 By _____________________________
                                   Dennis E. Welling, Controller