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CZR Resources Ltd (ASX:CZR)

ALERT: Price-sensitive ASX Announcement for CZR
Current share price for CZR : $0.215 -0.145 (-40.28%)+
Announcement
Release
6 Nov 2025 9:33AM
Price at Release
$0.360
Full Release
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Summary
CZR Resources Ltd is set to initiate a significant RC drilling program at its Croydon gold project in Western Australia's Pilbara region. This is the first major exploration activity at the site in five years following the sale of its Robe Mesa iron ore asset. The project encompasses two blocks, Western and Eastern, covering a 40km extension of the Mallina Basin. The new drilling efforts will focus on extending known mineralization at the Top and Bottom Camp sites and testing for Hemi-style intrusions. CZR has completed heritage clearance surveys, allowing for expanded drilling operations. The RC program aims to expand the known mineralized footprint and follow up on high-grade zones identified during initial geochemical and aircore drilling. The company is fully funded with $76 million as of September 30, ensuring the execution of its planned exploration activities.
Key Points
  • Heritage clearance received for Croydon gold project.
  • RC drilling to commence at Top Camp and Bottom Camp.
  • Focus on extending known mineralization and testing for Hemi-style intrusions.
  • Eastern Block aircore and surface geochem program identified new gold anomalies.
  • CZR has $76m funding, enabling full execution of exploration plans.
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.