• Cazaly secures initial 25% interest in Goongarrie Gold Project
• Anomalous gold mineralization identified over 1300m strike
• Encouraging drilling results with up to 10.3g/t gold

Cazaly Resources Limited (ASX:CAZ) has provided an update on the Goongarrie Gold Project, a joint venture with Brightstar Resources Limited (ASX:BTR) located 90km north of Kalgoorlie in Western Australia's northeastern goldfields. Cazaly has exercised the option to acquire, by way of a farm-in, up to an 80% interest in the Goongarrie Project. The initial farm-in milestone of the agreement has been met through exploration drilling and surface sampling, earning Cazaly an initial interest of 25%, with rights to grow its interest to 80%. Cazaly completed 18 RC holes for 1,914 metres and 298 Aircore (AC) holes for 10,315m during the initial farm-in period. Encouraging drilling results in both the AC and RC drilling delineated anomalous gold mineralization >1g/t over 1.3 km from Goongarrie Lady to Jenny's Reward. Significant intercepts include 19m @ 1.5g/t gold, including 4m @ 4.7g/t gold at the Duchess prospect, and 6m @ 10.3g/t gold and 10m @ 5.7g/t gold at Duke of York. Additionally, a costean sample returned 1m @ 10.8g/t gold from Mason's Flat. The next RC drilling campaign planned for Q1 2026 will test the 1.3km long gold mineralized trend along the Menzies shear at depth.

Cazaly looks forward to commencing the next RC drilling campaign later this quarter, targeting the gold mineralization at depth.