egoli Coziron Resources Limited (CZR) had a successful debut on...

egoli Coziron Resources Limited (CZR) had a successful debut on the Australian Stock Exchange Tuesday with shares in the company closing at 24c, a 20% premium to its issue price of 20c. The Indonesian explorer said it would focus initial exploration efforts on its Rawang Gadang iron ore project in Western Sumatra where drilling is proposed to commence towards the end of September 2006. The group reported that the initial drilling program will comprise approximately 3000 metres of RC drilling in 40 holes and is designed to expand and better define the high grade magnetite deposit at Rawang. Coziron said it would also focus on meeting the off-take agreement with Chinese iron ore importer China Kingdom International Group, which also has a 5% stake in the Company.