Ann: Maiden Resource at Winmar Deposit Hamersley , page-10

re: Ann: Maiden Resource at Winmar Deposit Ha... One day, the market will wake up to CAZ.

Sydney - Thursday - June 3: (RWE Aust Business News) - Cazaly
Resources (ASX:CAZ) has a maiden resource estimate for its
Winmar iron ore deposit located within the Hamersley project, Western
Australia.
The inferred resource of 143mt at 52.6pc iron has a main CID zone
comprising 92mt at 54.9pc.
Mineralisation occurs as three types; an Upper Detrital zone, a
Mid Level CID and a basement Bedded Iron zone.
Of these the CID mineralisation is the most pervasive and
important.
The zone contains the bulk of the resource and has favourable
chemical properties.
Metallurgical test work is underway to examine a range of
potential beneficiation techniques including screening, scrubbing, heavy
liquid separation and magnetic separation to further improve the chemical
properties of the ore.
Importantly, much of the target at Winmar has yet to be explored.
The resource has been estimated from over 1.5km of strike from a
total target strike length of approximately 2.8km.
The size of this initial resource is substantially more than what
was expected and accordingly the exploration target for the deposit has
now been revised upwards to 250 to 300mt at 52-55pc iron, based upon the
results to date and the geometric extent of the target.

Reuters.