CAZ Cazaly Resources Ltd

[stolwyk]

CAZ Cazaly Resources Ltd: http://www.cazalyresources.com.au/

Graph: http://bigcharts.marketwatch.com/qui...me=8&x=41&y=18

Listed Oct 2003. Shares: 29 mill +11.15 mill(not listed)=40.15 mill shares. Share price: 33 cents

Options: CAZO: 9.1 mill to convert at 15.02 cents by 31 Jan. 2006. Option price: 16.5 cents



FARMOUTS:
8 July 2004: Divestment of East Kalgoorlie Project(PLANET):
http://stocknessmonster.com/news-ite...E=ASX&N=264574


2 Sept 2004: $1.4m Joint Venture with CSM at Kunanalling (nickel)
http://stocknessmonster.com/news-ite...E=ASX&N=268491

27 Jan 2005: Scimitar Resources Ltd closes IPO & Set to List on ASX
http://stocknessmonster.com/news-ite...E=ASX&N=280759


31 March 2005: Drake Resources Ltd Set To List on ASX
http://stocknessmonster.com/news-ite...E=ASX&N=286233
Extract:
"Cazaly Resources Ltd has vended the Mt. Carrington project to Drake. The terms of the Agreements involve Cazaly retaining a free-carried 10% interest as well as receiving consideration of $150,000 cash and 4,500,000 fully paid shares in Drake Resources Ltd".

30 June 2005: Graynic Metals Ltd Listing
http://stocknessmonster.com/news-ite...E=ASX&N=292952
Extract:
"Cazaly remains well funded and retains strong equity positions in and joint ventures with ASX listed entities Great Australian Resources Ltd, Discovery Nickel Ltd, Scimitar Resources Ltd and
Drake Resources Ltd. Importantly, Cazaly remains free-carried in these Agreements and there are drilling components in the majority of these Agreements".

14 July 2005: Mining Agreement - Catherwood Gold Deposit
http://stocknessmonster.com/news-ite...E=ASX&N=293916


June 30, quarterly: Outflow: $0.984 mill. Cash: $1.648 mill.


Gerry
Bought CAZ and CAZO last week.

[stolwyk]

URANIUM PROJECTS
15 July 2005: Data exchange agreements
http://stocknessmonster.com/news-ite...E=ASX&N=294006

Extract:
"Cazaly recently announced it has made priority applications for two Exploration Licences situated in the Gascoyne region of Western Australia. The two applications lie some 150 kilometres apart and are called the Jailor Bore (ELA09/1194) and Pells Range (ELA09/1193)
projects and are deemed to be particularly prospective for Uranium mineralisation.

The Jailor Bore project surrounds known mineralisation at Jailor Bore, which is excised from the application area, and is prospective for calcrete hosted uranium mineralisation numerous occurrences of which occur throughout the area. Kalgoorlie-Boulder Resources Ltd has recently concluded an Agreement whereby they may acquire up to a 90% interest in the Jailor Bore tenement ( the Lyndon project).

The Lyndon project, ELA 09/1180 was the subject of exploration during the early seventies which resulted in the delineation of calcrete hosted uranium mineralisation. Subsequent work identified at least five medium to high intensity radiometric anomalies, four of which remain untested. Visible carnotite, a uranium bearing mineral, was observed in a bulk sample that returned a uranium assay of 1.81 kg/tonne.

Drilling intercepts have returned results as high as 1.80kg/t and 1.70kg/t from 5 and 2 metres in depth respectively, with most mineralisation within 4 metres of the surface. Kalgoorlie-Boulder Resources also announced it has made priority applications for three Exploration Licences that are prospective for uranium mineralisation.

The Eudamullah, ELA 09/1224 and 09/1225 and Winmar Creek, ELA 9/1226, projects are located in the Gascoyne Mineral Field. Both have been the subject of reconnaissance style uranium exploration dating from the late seventies which has generated a number of radiometric
anomalies requiring further investigation.

The Pells Range project contains some very significant historical results including rock samples up to 1.95 kg/t U3O8 and drilling results including 0.4m @ 0.8 kg/t U3O8 from drilling spaced at
1,600 metres and has yet to be followed up. Classic “roll front uranium” mineralisation styles are recognised at Pells Range".


9 Aug 2005: Lake Way Uranium Project
http://stocknessmonster.com/news-ite...E=ASX&N=296295

17 Aug 2005: High Grade Uranium Project acq in Northern Territory
http://stocknessmonster.com/news-ite...E=ASX&N=296841

[stolwyk]

GOLD. (Farmouts on first post).
2 March 2005: Outridge Drilling Results
http://stocknessmonster.com/news-ite...E=ASX&N=283873

15 July 2004: Kunanalling Project
http://stocknessmonster.com/news-ite...E=ASX&N=265033
NB: Some of these have been farmed out.

26 July 2005: Initial Resource - Picante Deposit(Kunanalling):
http://stocknessmonster.com/news-ite...E=ASX&N=294791
Extract:
"The discovery of the mineralisation at Picante has further confirmed the Company’s belief that the Castle Hill area at Kunanalling has the potential to host further significant gold resources.

The identification of mineralising controls at Picante has lead to the recognition of several other look-alike targets within the project which, following initial drilling, have also yielded promising
results as previously announced. Further drilling and metallurgical testwork is currently being planned to finalise and upgrade the status of the resource".

[stolwyk]

RE POST 1--FARMOUTS

Please include the following:
http://www.cazalyresources.com.au/index.php?id=24

(The JV with Scimitar and Drake have been mentioned previously in post1).

So, sofar CAZ has 10 JVs or Farmouts (6 from post 1 and 4 from the website. (Their listing is not complete-the website needs updating).

There are another 2 JVs, one with Placer Dome and the other concerning the Northland project (Placer Dome and Hampton Hill).

So, that makes it a total of 12 JVs.

These guys certainly work at high speed.

Reading the: "Projects" from their website, there are still massive areas still to be explored:
http://www.cazalyresources.com.au/index.php?id=9


It seems that CAZ wants to concentrate on Gold and Uranium and farm out the rest.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[Dazza]

question for u gerry

so the reason why the SP shot from 25 to 65cents during december was due to upgrade of gold prospects.

how eva... it quickly sank down over the following 7 months ........ do u know why?

cause i dun..

[stolwyk]

Gold prices reached a peak of about $455 in the beginning of Dec and sank to $365 in the beginning of Febr. There was a lot of optimism in Dec.

However, this Company dates from 2003 and has collected some of the best parcels while metal prices were low. I rate it highly, one reason being the large number of farmouts.

And there is a lot more of territory to farm out if they take time to explore,IMHO:

http://www.cazalyresources.com.au/in...a5daa85cb4c25a

http://www.cazalyresources.com.au/index.php?id=11

http://www.cazalyresources.com.au/index.php?id=12

And others.

There is no lack of decent projects, IMHO and they have preserved their capital very well: 40 mill shares and 9 mill options.


Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.

[stolwyk]

Loeb Aron Research Report:

http://www.cazalyresources.com.au/news.php?g=4

[Dazza]

thanks for your reply gerry

yes thats what i like about them too, farm outs :P

whats this about mining of gold in october?

production already?

with that private company eh?

[stolwyk]

Sept 7: Tenement Application - Shovelanna Iron Ore Project
http://stocknessmonster.com/news-ite...E=ASX&N=298469

+++++++++++++++++++++++++++++++++++++++++

ASX RELEASE

30 September 2005
Cazaly Appoints Leading Capital and Legal Advisors To Assist in Licence Application For Shovelanna Iron Ore Project Cazaly Resources Ltd (ASX: CAZ) has appointed investment bank Argonaut Capital Limited and law firm Hunt & Humphrey to offer strategic advice to the company regarding the exploration licence application for the Shovelanna Iron Ore Project (ELA 46/678).

The Company made the application for an exploration licence for this project on 7 September 2005. Argonaut is an independent Perth-based investment bank with a track record of attracting major industry partners to emerging resource projects. Today they have confirmed their intention to place 1 million ordinary fully paid shares at $0.40 per share to raise A$400,000. This placement will be made to the existing Argonaut client base.

In addition, Cazaly has appointed leading resources law firm Hunt & Humphrey as its legal adviser in relation to the granting of the application for EL 46/678, together with any future legal matters associated with the exploration licence. In addition to its standing within the resources sector, its principal Michael Hunt is an authority on Western Australian mining law having written several leading textbooks on the subject and has been independently recognised as Western Australia’s number one mining lawyer. The exploration licence application covering the Shovelanna Iron Project, which lies approximately 25 kilometres east of Mt. Newman covers a portion of the Brockman Iron Formation and is located within 2 kilometres of the Shovelanna Hill, Wheelarra Hill Orebody 31 and Mt. Newman Orebody 18.

Yours sincerely
Nathan McMahon
Managing Director

[Moonshine]

Some pretty keen speculation on HC that CAZ is "in bed" with MGX in relation to Shovelanna tenements.

100 million tonnes of Iron Ore involved... deal could possibly be stitched up already.

The appointment of the legal firm as pointed out by Gerry above will make it VERY hard for RIO to successfully appeal CAZ's exploration license application on Shovelanna.

Should CAZ come out on top (and the odds are HIGHLY stacked in CAZ's favour), this tightly held share should head North in rather a hurry.

Watching very closely on Monday, with a view to enter on any weakness.

Cheers,

Moonshine

ps - speculation is exactly that... an agenda-biased claim by ONE individual... not gospel.