Key points
- High-resolution drone magnetic survey completed over Abenab North Project
- Two pronounced magnetic anomalies identified for drill testing
- Maiden drilling planned for H2 2026 to test for REE, copper, and other base metals
- Project located in Namibia's world-class Otavi Fold Copper Belt
Full summary
Cazaly Resources Limited has completed a high-resolution drone magnetic survey over its Abenab North Project in Namibia, identifying two pronounced magnetic anomalies suitable for drill testing. The survey, which involved approximately 196 line-km of flight lines, represents a significant improvement over historical regional aeromagnetic data. The Company plans to commence maiden drilling in the second half of 2026 to test for rare earth elements (REE), copper, and other base metals. The Abenab North Project is located within Namibia's world-class Otavi Fold Copper Belt, approximately 20km from the historic Tsumeb Copper Mine.
Outlook
Cazaly Resources anticipates the commencement of maiden drilling in the second half of 2026 to test for REE, copper, and other base metals at the Abenab North Project.