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Cazaly Resources Limited (ASX:CAZ)

ALERT: Price-sensitive ASX Announcement for CAZ
Current share price for CAZ : $0.019 0.001 (5.56%)+
Announcement
Release
15 Jun 2026 8:49AM
Price at Release
$0.018
Full Release
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Summary
Cazaly Resources Limited (ASX: CAZ) announced the successful securing of access to the Cadix Anomaly within the Abenab North Project in Namibia, which is set for drilling in Q3 2026. This area is regarded as a significant untested magnetic target, with historical drilling in adjacent areas confirming rare earth element (REE) mineralisation. The Cadix Anomaly is a key focus due to its potential, occupying a region known for significant copper and base metal deposits. The project covers 790 km² within the Otavi Fold Belt, adding to its strategic importance.
Key Points
  • Cazaly Resources Limited secured access to the Abenab North Project in Namibia.
  • The Cadix Anomaly is identified as a high-priority, untested magnetic target.
  • Historical drilling confirmed rare earth element mineralisation in adjacent areas.
  • Drilling at Cadix is scheduled for Q3 2026.
  • The Abenab North Project is located in the Otavi Fold Belt, a region known for its mineral potential.
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.