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Cazaly Resources Limited (ASX:CAZ)

ALERT: Price-sensitive ASX Announcement for CAZ
Current share price for CAZ : $0.019 -0.008 (-29.63%)+
Announcement
Release
30 Apr 2026 8:57AM
Price at Release
$0.027
Full Release
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Summary
Cazaly Resources Limited released its quarterly report for the period ending 31 March 2026, highlighting ongoing projects in Australia and Namibia. The company is actively involved in the Goongarrie Gold Project in Western Australia, where it holds a 25% interest and aims to increase to 80%. Drilling activities have delineated promising gold mineralisation. In Namibia, Cazaly's Abenab North project covers a significant area with copper and rare earth element potential. The company's financial position includes $5 million in cash and investments, with substantial funds allocated to exploration and evaluation activities.
Key Points
  • Cazaly Resources Limited holds a 25% interest in the Goongarrie Gold Project, aiming to increase it to 80%.
  • The Goongarrie Gold Project covers approximately 70 km² in the Kalgoorlie greenstone sequence.
  • Cazaly completed 18 RC holes and 298 aircore holes, identifying gold mineralisation over a 1.3km strike.
  • High-grade results from the drilling included 6m at 10.3g/t Au.
  • Cazaly's Abenab North project in Namibia obtained an exploration licence, covering 790 km² with copper and REE targets.
  • Cash and investments totaled $5 million at the end of March 2026.
  • The company reported net cash used in operating activities at $239,000 for the quarter.
  • Investments in exploration and evaluation amounted to $594,000.
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.