• Anomalous RC drill results confirm high-grade gold mineralization at Goongarrie Gold Project
• New Duchess prospect identified with gold mineralization associated with broader shear zones
• Expanded aircore drilling program planned to test high-priority areas along Menzies shear corridor

Cazaly Resources Ltd has released its Quarterly Activities and Cashflow Report for the period ending 30 September 2025. The key highlights include strong results from the Goongarrie Gold Project, where the company completed an initial phase of RC drilling. The 1m assay results confirmed the presence of high-grade gold mineralization, including intercepts of up to 56.3g/t gold. The drilling also identified a new prospect called 'Duchess', where gold mineralization is associated with broader shear zones, in contrast to the quartz vein-hosted mineralization at the Duke of York prospect. An initial aircore drilling program was also completed, which identified anomalous gold mineralization over a 700m strike length. Based on the success of this initial program, Cazaly has planned an additional 8,000m of aircore drilling to further test high-priority areas along the Menzies shear corridor. The company also provided updates on its other Australian projects, including the Romano Gold Project, which covers a large land position adjacent to Goldfields' Gruyere Gold Mine, and the Halls Creek Copper-Zinc-Silver Project, where recent scoping study results confirmed the potential for a financially robust operation. In Namibia, the company continues to progress the Abenab North REE and Base Metals Project, while in Canada, work continues on the Carb Nb-REE Carbonatite Project, where historical exploration has identified the potential for economic niobium and rare earth element mineralization.