https://newsletter.en.creamermedia.com
generation|Gold|PROJECT|Resources|Drilling
generation|Gold|PROJECT|Resources|Drilling
generation|gold|project|resources|drilling

Cazaly exercises Goongarrie option

25th March 2025

By: Creamer Media Reporter

     

Font size: - +

Perth-based Cazaly Resources on Tuesday announced that it had exercised an option to proceed with an earn-in and joint venture (JV) with fellow ASX-listed Brightstar Resources at the Goongarrie gold project near Kalgoorlie.

Cazaly will have to spend an initial A$1-million within 12 months to earn a 25% interest, followed by a further commitment of A$1-million within 18 months for a 51% interest and A$1-million in the following 18 months to take its interest to 80%.

“We’ve been diligently working through the legal requirements to establish the foundations of the JV and have advanced our knowledge and ongoing target generation at the project,” said Cazaly MD Tara French.

She stated that the company was working towards securing approvals for access and that it was keen to get drilling as soon as possible.

“The recent success by Gorilla Gold at the nearby Lakeview prospect is a clear indication of the untapped potential in this district and we look forward to commencing our work,” stated French.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

WEG powering Africa today, for tomorrow
WEG powering Africa today, for tomorrow
26th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.226 0.32s - 170pq - 2rq
Subscribe Now