Healthcare Materials

Cazaly Resources Limited (ASX:CAZ) Reports Kaoko Drilling Results

ClubAI 4:59 pm

Drilling Results Overview

Cazaly Resources Limited (ASX:CAZ) has announced the results of its recent reverse circulation (RC) drilling program at the Kaoko lithium project in northern Namibia. The company completed 28 drill holes designed to assess a significant geochemical anomaly covering 120 square kilometres.

Notable Findings

Initial analysis has revealed that 32% of the drill samples returned lithium values exceeding 100ppm. The highest recorded value was 218ppm from drill hole KARC002, occurring between depths of 33 to 37 metres. The results confirm elevated lithium mineralisation in the sedimentary rocks intersected.

Future Outlook

Despite encountering lithium concentrations deemed economically low, Cazaly Resources will review existing copper targets and evaluate future options for the Kaoko project. The company aims to strategically align its exploration efforts based on the latest findings.

Conclusion

Cazaly Resources remains committed to advancing its projects and maximising shareholder value through informed decision-making and continued exploration efforts.

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Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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