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Cazaly Resources Limited ( (AU:CAZ) ) has shared an announcement.
Cazaly Resources Limited has successfully secured $3.5 million through a well-supported placement involving new and existing sophisticated investors. The funds will bolster the company’s cash reserves to approximately $5.6 million, enabling it to accelerate its RC drilling program and exploration activities at the Goongarrie Gold Project. This strategic move is expected to enhance Cazaly’s exploration capabilities, potentially increasing its market positioning within the gold mining sector. The placement reflects strong investor confidence in Cazaly’s strategy and the significant potential of the Goongarrie project.
More about Cazaly Resources Limited
Cazaly Resources Limited is a company operating in the mining industry, primarily focusing on the exploration and development of gold projects. The company is engaged in advancing its Goongarrie Gold Project, located in the northeastern goldfields of Western Australia, aiming to expand known gold mineralization trends and explore new targets within the Bardoc Tectonic Zone.
Average Trading Volume: 1,408,244
Technical Sentiment Signal: Buy
Current Market Cap: A$16.83M
For an in-depth examination of CAZ stock, go to TipRanks’ Overview page.