Cazaly Resources Limited (ASX: $CAZ) Quarterly Activities Report 30 June 2024

Cazaly Resources Limited (ASX: $CAZ) is pleased to report its activities for the quarter ending 30 June 2024. The company received approvals for a niobium-rare earth element diamond drilling program at Carb Lake, Ontario, Canada. Geologists and drill crew will mobilise to Carb Lake early August. Additionally, final environmental clearance approvals were received for RC drilling at the Kaoko lithium project, Namibia. The company continues to rationalise its portfolio of projects, including the review of new project and investment opportunities.

Executive Commentary

The historical exploration results reported have been sourced from public reports and are not reported in accordance with the JORC Code. The historical information is an accurate representation of the available data for the project that has been sourced to date. The pXRF exploration results reported herein have been collected by the Company on historical core samples and are not equivalent to analytical laboratory results. The use of spot pXRF readings only provides an indication of the potential order of magnitude of analytical laboratory assay results. The downhole location of pXRF results collected cannot be relied upon for actual location due to the incomplete nature of the remaining historical drill core.

Summary

Cazaly Resources Limited (ASX: $CAZ) has received approvals for a niobium-rare earth element diamond drilling program at Carb Lake, Ontario, Canada, and final environmental clearance approvals for RC drilling at the Kaoko lithium project, Namibia. The company continues to rationalise its portfolio of projects, including the review of new project and investment opportunities. The Carb Lake niobium and rare earth elements project in Canada has shown potential for economic mineralisation, and the company is set to mobilise geologists and drill crew to Carb Lake early August. In Namibia, the company is preparing for RC drilling at the Kaoko lithium project. Cazaly Resources Limited maintains a strong focus on advancing its projects and exploring new opportunities.