Cazaly Resources

TARA FRENCH

MANAGING DIRECTOR

(ASX:CAZ)

◾ Company Name: Cazaly Resources ◾ Company ASX code: CAZ ◾ Key commodities: Copper, cobalt, nickel, graphite, silver, zinc and gold. ◾ Key Personnel: Tara French, Managing Director | Clive Jones, Executive Director ◾ Locations: Western Australia, Southern Africa ◾ Market Cap as of 15/07/22: $14.09M ◾ Share price range over 12 months as of 15/07/22: $0.054 - $0.036 ◾ Company Website: cazalyresources.com.au

COMPANY PROFILE

Cazaly Resources (ASX:CAZ) has strengthened shareholder positions through its strategically diverse commodities portfolio, a tactic keeping the resource development company ahead of the curve when it comes to market movements.

Founded in 2003, the mineral explorer’s projects stretch from Western Australia to Southern Africa and focus on delivering an in-demand variety of critical battery metals.

The Perth-based company is particularly strong on copper, a metal powering the electric vehicle boom and global decarbonisation.

It’s working on satisfying copper hunger through a handful of key tenements, including a highly prospective position in east Kimberely.

So far, the Halls Creek Copper Project has produced an optimistic outlook for significant quantities of the red metal, zinc, and silvers.

The east Kimberley Project already has drilling underway following the identification of a large mineralised system in the Bommie Porphyry Target.

Cazaly Resources’ exploration teams have delivered exceptional results so far, including 178m @ 0.3% Cu; 170m @ 0.4% Cu; and 92m @ 0.4% Cu.

The campaign is currently determining the lateral extent of the system with some holes testing depths to 300m, with an inferred copper resource expected by the end of the year.

The Bommie Porphyry Copper work is the latest in a pipeline of activity at the Halls Creek Project, which sits within a district known for several massive copper sulphide deposits.

It’s one in a variety of Australian positions currently under the mineral explorer’s belt, which focus on a broad range of commodities spanning copper, cobalt, nickel, graphite, silver, zinc, and gold.

The diverse domestic tenements are joined by the Kaoko Copper Cobalt Project in northern Namibia, in which the Australian company holds a 95% interest.

The Project is one of Cazaly Resources’ largest, spanning 100km in length and covering an area of roughly 1410 square kilometres.

It’s situated in the Neoproterozoic Kaoko Belt, thought to be the western extension of the Central African Copperbelt.

Bordering northern Zambia and the southern Congo, the Copperbelt was previously considered the largest and highest sediment-hosted province for the electrical conductor on Earth.

Exploration teams have already found indicators of a large hydrothermal mineralised system, including widespread surface-level copper mineralisation with broad areas of veining malachite, chalcocite, and galena.

Back in Western Australia, similarly promising is the Kimberley region’s McKenzie Springs Project, a joint venture between Cazaly and Fin Resources at 30% and 70% interest respectively.

The tenement is located along the strike to the Savannah Nickel Mine and sits adjacent to the Macintosh Graphite deposits, positioning it to be brimming with nickel, graphite, copper and cobalt.

Graphite is an especially exciting opportunity for the mineral explorer due to the commodity’s extraordinary market growth stimulated by economies shifting towards green technologies.

Similar to lithium and copper, graphite is considered a key element to this transition, and is needed in lithium ion batteries, super capacitors, nuclear reactors, steel and refractories.

The Project has significant potential to host high quality graphite mineralisation following the historic discovery of outcropping graphitic schist in the high grade Tickalara Metamorphic suite, which trends through the site at 15km in length.

KEY INVESTMENT HIGHLIGHTS

JUNE 27, 2022: Electromagnetic conductor plates have been modelled down plunge of the Mount Angelo North Cu-Zn-Ag deposit, and at the new Moses Rock prospect. This prospect sits within the Halls Creek Copper Project. JUNE 20, 2022: VMS Copper-SilverZinc Resource at Mount Angelo features intercepts such as 64m grading 2.72% copper and 1.13% zinc. MAY 24, 2022: Drilling for indicated resource at the large Bommie Porphyry Copper Prospect.