An update from Cazaly Resources Limited ( (AU:CAZ) ) is now available.
Cazaly Resources Limited has entered into a binding agreement with Brightstar Resources Limited to earn up to an 80% interest in the Goongarrie Gold Project, located in the Kalgoorlie-Menzies district. The project, which covers a significant portion of the Bardoc Tectonic Zone, is known for its rich gold mineralization. Cazaly plans to invest $3 million in exploration over the next 18 months to increase its stake in the project. This strategic move is expected to enhance Cazaly’s position in the gold mining sector and potentially increase its resource base, benefiting stakeholders by expanding its exploration footprint in a prolific gold-producing region.
More about Cazaly Resources Limited
Cazaly Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in gold exploration projects, with a significant emphasis on the Eastern Goldfields region of Western Australia.
YTD Price Performance: 60.0%
Average Trading Volume: 585,836
Technical Sentiment Signal: Sell
Current Market Cap: A$7.38M
Learn more about CAZ stock on TipRanks’ Stock Analysis page.