@X-terra @the technician Check this one out - special!Brief...

@X-terra @the technician

Check this one out - special!

Brief summary for you both:


This has to be one of the best opportunity's on the asx. I have been buying this up the past week - Reminds me of NMT, they have structured the company in a similar way for big growth into the future. Cazaly have some very impressive projects, I'm excited about he potential of Halls creek this could be big - some impressive grades. Ashburton could be a monster.

13 million cash
2 million EV
Royalty payments from iron ore projects
Acquisition on the cards
Woomera JV

What a beast in the making. DYOR


By spinning off its 30 per cent interest in the Hamersley deposit in 2021, Cazaly picked up a 15.7 per cent interest in the holding vehicle – Equinox Resources – and a remarkable royalty of US$0.30 per tonne produced from the project. If the project ran flawlessly at full capacity the royalty would be worth a cool US$56.1m to Cazaly.


Importantly, the iron ore deposit is not the explorer’s only success in which it retains a financial slice of the pie. In 2019, Cazaly sold its Parker Range iron ore project to ASX-listed Mineral Resources for a total cash consideration of $20m and a royalty of $0.50 per tonne of iron ore produced from the tenements after the first 10-million-tonne milestone is passed.


A royalty stream is not a luxury every explorer enjoys, let alone two. Whilst it continues exploring with the drill bit, Cazaly says it will also keep one eye on the horizon for new projects of potential value.

Drilling Halls creek mid June:




Previous results north of Moses rock at Angelo North:

Previous results from work conducted by Cazaly at Mount Angelo North included 64m @ 2.72% Cu
(1.13% Zn), 62m @ 2.41% Cu (2.75% Zn), 37m @ 2.63% Cu (6.05% Zn), 16m @ 5.91% Cu, 18m @ 2.53%
Cu (Refer to CAZ ASX announcement dated 26 April 2021)

EXTENSIVE COPPER-ZINC MINERALISATION
CONFIRMED AT MOUNT ANGELO NORTH
• Results confirm and extend high grade zones of Copper mineralisation
o 9m @ 12.5% Copper
o 24m @ 3.38% Copper
o 10m @ 2.17% Copper
o 9m @ 2.81% Copper
• Zinc lodes increasing in grade with depth
o 7m @ 1.81% Zinc
o 13m @ 1.34% Zinc
o 18m @ 1.17% Zinc
• Potential new open areas defined down plunge

Maximum single metre values returned from the drilling
included: 37.9% Cu, 4.10% Zn, 1.20% Pb, 63 g/t Ag & 1.57 g/t Au.

https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wu%2FyRfwv%2FR45bFiGug%3D

https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wq0yRDzv%2FR45bFiGug%3D

Ashburton Gold seems like big potential, note the article published 1890:




Hope you enjoy researching this one.