CAZ 0.00% 1.3¢ cazaly resources limited

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

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  1. 2,681 Posts.
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    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

 
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