CAZ cazaly resources limited

Finally - progress at Halls Creek Copper

  1. 3,244 Posts.
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    For the newbies, Caz has a significant copper site at Halls Creek that is already proven and job done. They are working with Auking who are next door at Koongie Park.

    There was a feasiibility study done and the steps to make this a viable site were all mapped out as part of Koongie park's commercialisation.

    Unfortunately AKN got distracted a couple of years ago and went on a global spending spree on other projects, and Koongie Park sat there looking all bored and stuff. In that folly they spent a lot of cash and ran the bank down. ANYWAY

    They have just announced a buy in from a rebranded COB:ASX - announcement here - t - ASX:AKN - AuKing signs new Joint Venture for Koongie Park Project

    Why do we care? Bommie is a very large site with a lot of low grade copper, having this on the dance card again is far better than it sitting there waiting for someone to drive past and kick the tires.

    Its a slow burn, but at least now its a burn.


 
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