A Cazaly resources worker bagging samples at the Moses Rock prospect. Source: Cazaly Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Cazaly Resources (CAZ) kicks off the next round of drilling at its Halls Creek project in Western Australia
  • Reverse circulation drilling is planned across the Bommie prospect to test the continuity of broad copper intercepts
  • Work will also be undertaken at Moses Rock to test an electromagnetic conductor targeting another massive sulphide deposit
  • Managing Director Tara French says it is a “great feeling” to be back on the ground at Halls Creek and CAZ looks forward to using the results to plan the next phase of work
  • Company shares are up 1.39 per cent trading at 3.7 cents at 3:51 pm AEST

Cazaly Resources (CAZ) has kicked off the next round of drilling at its Halls Creek project in Western Australia.

The company was required to enter a trading halt earlier today ahead of its announcement to shareholders that its anticipated reverse circulation drilling program had begun.

In its March quarterly report the company revealed plans to test the continuity of broad copper intercepts across the Bommie prospect and was awaiting appropriate approvals and clearances.

Drilling is also being undertaken across Moses Rock to test an electromagnetic conductor targeting another massive sulphide deposit.

With the necessary approvals in hand, Managing Director Tara French said it was a “great feeling” to be back on the ground at Halls Creek to begin drilling priority targets at both Bommie and Moses Rock.

Once received, the results from this program will help CAZ to plan the next phase of work at Halls Creek.

Company shares were up 1.39 per cent trading at 3.7 cents at 3:51 pm AEST.

CAZ by the numbers
More From The Market Online
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Aussie bourse to dip slightly on Chrissy hangover | Dec 27, 2024

The ASX 200 is expected to open -0.09% lower this morning after a two-break from trading through the year’s Christmas celebrations and Boxin…
Market Close Graphic

ASX Market Close: Local bourse manages last gasp of green cheer heading into Chrissy shutdown | Dec 24, 2024

The ASX 200 ended on a positive closing note before Santa’s arrival (a fair bit) later this evening with a 0.29% gain, adding...
The Market Online Video

Expert Exchange: How to approach Christmas spending amid the cost-of-living crisis

As Christmas comes closer, it may be a good idea to revise some of our thinking…
The Market Online Video

Expert Exchange: Gold charts will remember 2024 in history. Analysts see $3K/oz in 2025

If you had any large amount of money invested in bearish bets on just about anything…