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Cazaly Resources Limited (ASX:CAZ)

ALERT: Price-sensitive ASX Announcement for CAZ
Current share price for CAZ : $0.018 -0.012 (-40%)+
Announcement
Release
20 Jan 2026 9:33AM
Price at Release
$0.030
Full Release
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Summary
Cazaly Resources Limited has achieved a significant milestone by securing an initial 25% interest in the Goongarrie Gold Project, located 90km north of Kalgoorlie in Western Australia. This was accomplished by meeting the Phase 1 farm-in expenditure within nine months, which included extensive exploration activities that delineated anomalous gold mineralisation over a 1300m strike. Cazaly has the option to increase its ownership to 80% by March 2029 through further investments in exploration. Initial drilling campaigns undertaken in 2025 successfully identified continuous gold mineralisation, and further RC drilling is planned for early 2026 to explore the identified trends.
Key Points
  • Cazaly secures initial 25% of the Goongarrie Gold Project.
  • Phase 1 farm-in expenditure met within 9 months.
  • Anomalous gold mineralisation identified over 1300m strike.
  • Option exercised to acquire up to an 80% interest by March 2025.
  • Initial drilling campaigns in 2025 identified continuous gold mineralisation.
  • Next RC drilling campaign planned for Q1 2026.
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.