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Cazaly Resources Limited (ASX:CAZ)

ALERT: Price-sensitive ASX Announcement for CAZ
Current share price for CAZ : $0.020 -0.01 (-33.33%)+
Announcement
Release
30 Dec 2025 1:58PM
Price at Release
$0.030
Full Release
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Summary
Cazaly Resources Limited has announced an agreement with Dundas Minerals Limited for Dundas to earn into Cazaly's non-core asset, the Romano greenfields gold exploration project. The deal includes Cazaly receiving $500,000 upfront in cash and Dundas shares, with potential future payments of up to $600,000 in cash and $600,000 in shares. Dundas is to spend $2 million over two years to earn an 80% interest in the Romano project. Cazaly retains a 20% interest free carried to the completion of a positive feasibility study. The agreement allows Cazaly to focus on its Goongarrie gold project while retaining interest in Romano. The project is located adjacent to the Gruyere gold mine in the northeastern goldfields of Western Australia.
Key Points
  • Dundas Minerals to earn into Cazaly's Romano project.
  • Cazaly to receive $500,000 upfront in cash and Dundas shares.
  • Potential future payments up to $600,000 cash and $600,000 in shares.
  • Dundas to spend $2 million over two years for an 80% interest.
  • Cazaly retains 20% interest, free carried to feasibility study completion.
  • Romano project is adjacent to the Gruyere gold mine in WA.
  • Cazaly to focus on Goongarrie gold project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.