Quarterly Activities and Cashflow Report
Key points
- High-grade aircore results at Goongarrie with multiple strong gold intercepts
- Lithostructural interpretation completed to rank exploration targets
- Strongly supported $3.5 million placement to fund expanded drilling
Full summary
Cazaly Resources Ltd (ASX: CAZ) released its Quarterly Activities and Cash Flow Report for the period ending 31 December 2025. Key highlights include:- High-grade aircore drilling across a 1.3 km corridor at the Goongarrie Gold Project, with multiple strong gold intercepts including 4m @ 6.6 g/t gold from surface, 4m @ 3.0 g/t gold from 40m, and 4m @ 2.7 g/t gold from 5m.- Completion of a lithostructural interpretation of the Goongarrie area, which will be used to rank exploration targets and focus future drilling activities.- A $3.5 million placement at $0.03 per share to bolster cash reserves and fund expanded drilling, with management subscribing $100,000 subject to shareholder approval.- Meeting the initial farm-in milestone at the Goongarrie Gold Project, earning Cazaly an initial 25% interest with rights to grow to 80%.- Signing an earn-in agreement with Dundas Minerals Ltd for the Romano project, where Dundas can earn up to 80% by spending $2 million, providing Cazaly $150,000 cash and $350,000 in shares upfront, plus milestone payments.- The Company ended December with $5.1 million in cash and investments.
Guidance
The Company ended December 2025 with $5.1 million in cash and investments.
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