CAZ.ASX: Access Secured Over Abenab North. Drilling Scheduled for Q3

Access Secured Over Abenab North. Drilling Scheduled for Q3

Stock	Cazaly Resources Ltd (CAZ.ASX)
Release Time	15 Jun 2026, 8:49 a.m.
Price Sensitive	Yes

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Cazaly Resources Secures Access for Abenab North Drilling

Key Points

Ground access achieved at Cadix Farm, Namibia
Largest untested magnetic anomaly in Abenab North
Drilling planned for Q3 2026

Full Summary

Cazaly Resources Limited has announced the successful execution of a formal access agreement at Cadix Farm, Namibia, allowing the company to proceed with ground activities at the Cadix Anomaly, the largest and most compelling untested magnetic target within its Abenab North Project. The Abenab North Project, located in Northern Namibia, covers 790km² and is prospective for copper, base metals, rare earth elements (REE), and vanadium. The Cadix anomaly, an approximately +800m diameter magnetic high, remains untested despite significant REE mineralization confirmed in adjacent carbonatite pipes. Historical drilling by Kudu Minerals and Avonlea Minerals confirmed REE mineralization in adjacent carbonatite pipes. With access secured, Cazaly plans to conduct baseline mapping, detailed magnetic surveys, and finalize the drill program design, with field activities expected to commence in Q3 2026.

Outlook

Cazaly expects to be on site in Q3 2026 to commence drilling at the Cadix Anomaly, targeting carbonatite-hosted REE mineralization.