Cazaly Resources

TARA FRENCH

MANAGING DIRECTOR

(ASX:CAZ)

◾ Company Name: Cazaly Resources ◾ Company ASX code: CAZ ◾ Key Commodities: Gold, copper, cobalt, nickel, graphite, silver, tin, zinc ◾ Key Personnel: Tara French, Managing Director | Clive Jones, Chairman ◾ Locations: Western Australia, Southern Africa, Central Northern Queensland ◾ Market Cap as of 15/08/22: $14.83M ◾ FY22 Share price range – Low/High: $0.034 - $0.0530 ◾ Company Website: cazalyresources.com.au

COMPANY PROFILE

Cazaly is a diversified resources development company that primarily explores for gold, copper, cobalt, nickel & PGEs, tin, silver, iron ores in Western Australia, Queensland and the Namibia in Southern Africa.

Listed since 2003, the company has gained a strong reputation for successfully juggling a broad range of resource projects.

Cazaly continued exploration at its prospective gold plays – namely the 100% owned Ashburton and Yabby projects, both located in WA.

At the Ashburton Project, the company holds the rights to a major land position covering more than 2,450km2 in the Ashburton Basin within the Pilbara region.

The project covers several major regional scale structures considered to be highly prospective for largescale gold and base metal mineralised systems and occurs in the region host to other +1Moz gold deposits owned by ASX-listed Black Cat Syndicate and Kalamazoo. The entire tenement package has now been covered with surface stream and soil samples to generate a comprehensive surface geochemical dataset. Final assays are pending.

An Airborne Electromagnetic (AEM) survey was recently flown across several targets, along major regional scale mineralised structures. Results are pending.

The Yabby project meanwhile covers 16km2 of the highly prospective Laverton Greenstone Belt, with tenements 10km west of Laverton.

Recent infill surface sampling at the Yabby Prospect refined several discrete geochemical gold targets over 500m in length with orientations analogous to adjacent historical gold mines located on the Chatterbox shear zone, that were mined by Focus Minerals in the 2010’s.

Magnetic Resources recent drill results at the Lady Julie gold prospect located immediately south, along strike of Yabby include 22m at 4.1g/t gold from surface, and 16m at 5.59g/t gold.

The Mt Venn Gold Project is a joint venture with ASX-lister Woomera Mining, who purchased an 80% interest in the project with Cazaly retaining 20%.

The project comprises three exploration tenements covering approximately 400 square kilometres and is located 40km west of the worldclass 6Moz Gruyere Gold Mine in the northeast Goldfields Region.

The Mt Venn Gold Project lies within the Mt Venn-Dorothy Hills greenstone belt, which is the most easterly major NW/SE striking greenstone belt of the Yilgarn Craton.

Together these greenstone belts account for 30% of the world’s gold reserves, most of Australia’s nickel, other base metals and rare earth deposits.

Cazaly endeavours to create maximum value for shareholders through successful acquisition, development, adding further value through effective exploration, and divesting a range of resource projects.

The company is managed by a team of experienced mining professionals. CEO and Managing Director Tara French is a geologist with 24 years mining and exploration experience, predominantly in WA.

French most recently led a large team as General Manager of Exploration for Regis Resources where she was employed for 14 years. She played a key role in the transition and growth of Regis over that time.

Chairman Clive Jones meanwhile has been involved in mineral exploration for over 30 years, and has explored a range of commodities including gold, base metals, mineral sands, iron ore, uranium, and industrial minerals both in Australia and overseas. He is a founding director of Cazaly.

KEY INVESTMENT HIGHLIGHTS

JULY 27, 2022: Completed Airborne EM surveys across three target areas at the Ashburton Gold Project. Regional scale surface sampling program completed across entire tenement package. Results of both AEM survey and surface samples pending. JULY 27, 2022: Infill surface sampling at the Yabby Prospect refined several discrete geochemical gold targets over 500m in length with orientations analogous to adjacent historical gold mines.