Cazaly Resourcees Company Profile

Cazaly Resources

Company Exposure

Cobalt – Copper – Gold – Iron

Company Listing

Cazaly Resources

Stock Code


Company Overview

Cazaly Resources Limited is a Perth based Australian diversified mineral exploration and resource development company. It is known for developing projects from the grass-roots through to near development and has much corporate and on the ground experience in Australia and Southern Africa where its has its current key projects.

Cazaly listed on the Australian Stock Exchange in October 2003 and has built a solid track record for successfully acquiring and developing, adding value to and divesting a range of resources projects.

Investment Highlights

  • Strong track record of project recognition, acquisition & discovery
  • Maintaining a broad portfolio whilst focussing on key projects
  • Current focus on new age Battery Grade materials plus Iron Ore and Gold
  • Deep portfolio of other mineral assets including copper and uranium
  • Tight share capital control
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Latest Announcements

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Share Price Performance

Directors & Management

Nathan McMahon – Joint Managing Director
Clive Jones – Joint Managing Director
Terry Gardiner – Non-Executive Director

Major Shareholders

Nathan McMahon & Associated Entities – 14.99%
Clive Jones & Associated Entities – 7.75%

Projects Overview

The Kaoko Kobalt Project

Large scale, cobalt-copper project in a newly emerging cobalt province in Namibia.

The Kaoko Kobalt Project is located in northern Namibia, approximately 800km by road from the capital of Windhoek and approximately 750km from port of Walvis Bay.

  • Located in the Kunene Cobalt Province, Northern Namibia
  • Hosts the probable continuation of Celsius Resources’ Opuwo cobalt– copper bearing ‘DOF’ horizon
  • Project contains potential for 80km of prospective ‘DOF’ equivalent
  • Additional, very large 20km x 5km long Cu- Co soil anomaly associated with magnetic anomaly – potential DOF Cu-Co source
  • Numerous, widespread Cu occurrences, grab samples to 38% Cu

The project is located ~125 km northeast of Laverton and just 40 km west of Gold Road Resources Ltd (ASX:GOR) Gruyere gold deposit (148 Mt @ 1.30 g/t Au for 6.16M oz., GOR announcement, 22 April 2016) in the Eastern Goldfields region of Western Australia. GOR recently announced the sale of a 50% stake in Gruyere and other nearby resources, to Gold Fields Limited for $350M cash and a royalty. Cazaly controls ~90% of the belt over ~50km.

  • Mount Venn belt associated with the Yamarna Shear, adjacent to Gold Road Resources’ (ASX:GOR) emerging world class Yamarna Gold Project
  • Look-alike belt to the Dorothy Hills belt, host to GOR’s Gruyere gold deposit (6.16 Mozs. gold)
  • Approximately 50km of strike in one of the most under-explored greenstone belts in Western Australia
  • Exploration to focus on Camp Scale gold targets


Project Overview

  • Project comprises recently granted exploration license EPL6667 and two new license applications EPL7096, 7097
  • Covers a very large area; >100km long by 10-15km for ~1,410 km2
  • Area hosts the Neoproterozoic Kaoko Belt, which represents the western extensions of the Copper-Belt of the DRC and Zambia
  • Prospective for Copper-belt style stratabound Cu-Co mineralization
  • Abuts Celsius Resources Ltd (ASX:CLA) Opuwo Cobalt project
  • CLA has defined Co-Cu mineralisation for ~11km at Opuwo
  • CLA Maiden Co-Cu sulphide resource for Opuwo; 112Mt @ 11% Co & 0.41% Cu
  • Project covers over 80km of the highly prospective ‘DOF’ (Dolomite Ore Formation) (CLA DOF ~114km)
  • Very large Kamwe prospect; 20km by 5km target, possible source of the ‘DOF’ Cu-Co mineralisation?


  • Co & Cu anomalies defined from 1km x 1km soils survey (ICP data, 2014) KAMWE target;
    • Large 20km by 5km anomaly
    • Anomalous Co-Cu-Zn-Mn
    • Coincident magnetic low
    • Outcropping copper bearing gossans identified
    • Recent assays including 17.8% & 10.2% Cu


The belt has only had minimal modern exploration conducted in the past despite having all the key features for hosting major gold deposits;

  • Major belt long, regional scale structures with subsidiary shears
  • Presence of ideal iron rich host rocks
  • Proven extensive near surface remobilised gold mineralisation
  • Major internal granites
  • Tightly folded geometries

Initial work by Cazaly has focussed upon areas of anomalous gold and pathfinder geochemistry association with favourable lithologies & structural positions

  • Good regional database generated by previous explorers – solid base to work from
  • Database includes; regional soils, auger, 86 RAB holes, 74 Aircore, 15 RC holes. Airborne magnetics & radiometrics and airborne and ground EM
  • However, only two geochemical anomalies were ever followed up with drilling and then largely only down to <50m within weathered rocks
  • Great majority of widespread gold in soil/auger anomalies remain untested
  • Most historic work focussed on Nickel exploration

The Parker Range Iron Ore Project lies approximately 15 kilometres south-east of Marvel Loch and approximately 400 kilometres east of Perth, in the Yilgarn region of south-western Western Australia.

  • Quality DSO haematite-Goethite resource – ready to mine
  • Excellent infrastructure; existing road, rail power & port facilities now available
  • Feasibility Studies done, all key approvals received
  • Initial 8-9 years mine life, low Phosphorous, highly marketable ‘sinter’ feed blend ore
  • Granted Mining Licence, active mining region
  • Contract mine, ramp up production to 2Mtpa
  • Truck 58km to rail head, rail to port, export to market


Contact Details


PHONE: +61 8 9322 6283

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