Cazaly Resources (ASX:CAZ) Contracts High-Resolution Aeromagnetic Survey for Cadix Target

Cazaly Resources has contracted a high-resolution drone aeromagnetic survey over three priority magnetic targets at its Abenab North Project in northern Namibia, anchored by the untested +800m diameter Cadix anomaly.

The survey is designed to refine target geometry ahead of the company's maiden drilling program, with drill testing remaining on track for Q3 2026.

Highlights

The Abenab North Project covers approximately 790km² within the African Damara Copper Belt in northern Namibia, approximately 450km by road from Windhoek.

The licence area is dominated by dolomites and sediments of the Otavi Fold Belt, which hosts the historic Tsumeb Copper Mine located approximately 20km west of Cazaly's tenure.

According to the company, the Tsumeb mine produced 30Mt @ 4.3% Cu, 3.5% Zn, 10% Pb, 95g/t Ag and 50g/t Ge over approximately 100 years of operation.

The company states the project is highly prospective for copper, base metals, rare earth elements (REE) and vanadium.

Historical drilling confirmed multiple carbonatite pipes, with REE mineralisation intersected across several anomalies, while the Cadix anomaly is the largest magnetic feature identified within the licence and has not been effectively drill tested.

Cazaly has contracted a specialist geophysical service provider to complete the drone aeromagnetic survey across three survey areas totalling approximately 196 line kilometres.

Data will be acquired on 50m line spacing at a nominal height of approximately 30m above ground level.

The company states the survey will deliver a substantially higher-resolution magnetic image than the historical aeromagnetic data from which Cadix was first identified.

This will better resolve the anomaly's shape, margins and internal structure, allowing the company to optimise the location and orientation of maiden drill holes.

Permitting and acquisition are expected to take approximately five weeks, subject to the necessary permits, weather and access, with processed magnetic products and a final interpretation to follow.

Managing Director Tara French said,

"Having secured access to the project, we can now refine the original data that first revealed the high-priority Cadix target with this more modern drone survey. The results from this work will allow greater drill definition and will allow us to refine our maiden drilling program. With confirmed carbonatite-hosted REE mineralisation on the adjacent magnetic anomalies and Cadix still untested at this scale, our focus is to rapidly test Cadix and review the many other pipe-like anomalies in the region. All these targets have the potential for REE or base metal mineralisation including Tsumeb-style copper-polymetallic mineralisation. We look forward to commencing field activities later this quarter and advancing these highly prospective targets."

The company states that historical drilling on adjacent carbonatite pipes confirms carbonatite-hosted REE mineralisation.

The Abenab North licence sits within the Otavi Fold Belt, where historically mined deposits include the Tsumeb, Kombat and Abenab mines.

The company also states that neighbouring explorers continue to define copper resources and report high-grade intercepts across the belt.

According to the company, the next steps are completion of permitting and mobilisation for the airborne survey, acquisition and interpretation of the high-resolution drone aeromagnetic data over Cadix and other priority magnetic targets, finalisation of the drill program design, and commencement of maiden drilling.

Drill testing remains on track for Q3 2026.