CAZ
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7.69% 1.4¢ cazaly resources limited

Ann: Quarterly Activities & Cash Flow Report, page-4

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  1. M Sugar
    2,628 Posts.
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    31/07/24
    12:04
    Post #: 75001925
    Royalties. Safe way of potential income.

    Agree that the carbs could be a company maker for a MC of 10.6 M with 5m in the bank.

    The Company retains a royalty interest of US$0.30/tonne in the Hamersley iron ore project,managed by Equinox Resources Limited (ASX: EQN).

    The project is located in the heart of thePilbara iron ore province and currently has a total Mineral Resource estimate of 343.2Mt at54.5% Fe (reported in compliance with JORC Code 2012 - refer to Pathfinder’s ASXAnnouncement dated 24 January 2020).

    Recent work by Equinox included reinterpretation
    ofthe MRE which confirms an initial Direct Shipping Ore component of 108.5 Mt @ 58% Fe (referto Equinox ASX Announcement dated 6 June 2024). Equinox continues to advance the projecttowards development.

    IMO

    CAZ Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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1.4¢ 		Change
0.001(7.69%) 		Mkt cap ! $6.458M
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1.4¢ 1.4¢ 1.4¢ $695 49.64K

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