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The latest update is out from Cazaly Resources Limited ( (AU:CAZ) ).
Cazaly Resources has achieved the first milestone in its farm-in agreement with Brightstar Resources at the Goongarrie Gold Project, earning an initial 25% interest after completing A$1 million of exploration within nine months, and retains the right to increase its stake to 80% through further staged expenditure. The company reported encouraging drilling results from reverse circulation and aircore programs, delineating anomalous gold mineralisation above 1g/t over a 1.3km strike along the Menzies shear, including several high-grade intercepts at the Duchess and Duke of York prospects, and plans a follow-up RC drilling campaign in early 2026 to test mineralisation at depth and further define the scale and continuity of the discovery, potentially enhancing the project’s development prospects and Cazaly’s position in the region’s gold sector.
The most recent analyst rating on (AU:CAZ) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Cazaly Resources Limited stock, see the AU:CAZ Stock Forecast page.
More about Cazaly Resources Limited
Cazaly Resources Limited is an Australian mineral exploration company focused on gold projects in Western Australia, with a particular emphasis on advancing joint venture and farm-in opportunities in established goldfields such as the northeastern goldfields north of Kalgoorlie.
Average Trading Volume: 1,849,298
Technical Sentiment Signal: Buy
Current Market Cap: A$17.42M
Learn more about CAZ stock on TipRanks’ Stock Analysis page.