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Cazaly Resources Limited (AU:CAZ)
ASX:CAZ
Australian Market

Cazaly Resources Limited (CAZ) AI Stock Analysis

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AU:CAZ

Cazaly Resources Limited

(Sydney:CAZ)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.03
▼(-3.33% Downside)
The score is primarily constrained by weak financial performance—persistent losses, declining recent revenue, and ongoing negative operating/free cash flow—despite a low-debt balance sheet. Technical indicators add a mildly negative tilt (negative MACD and price below the 50-day average), and valuation is also limited by a negative P/E and no dividend yield.
Positive Factors
Strategic Partnerships
The partnership with Dundas Minerals allows Cazaly to monetize a non-core asset, focusing resources on its flagship project, enhancing strategic focus and potential returns.
Exploration Expansion
The expansion of drilling at Goongarrie and positive assay results indicate significant exploration potential, which could lead to resource growth and strengthen market position.
Capital Raising
Securing $3.5 million enhances Cazaly's financial position, enabling accelerated exploration activities, which could improve its competitive stance and growth prospects.
Negative Factors
Negative Cash Flow
Consistently negative cash flow indicates ongoing cash burn, which could strain financial resources and necessitate further capital raising, impacting long-term sustainability.
Declining Revenue
Declining revenue trends suggest challenges in market penetration or product demand, potentially impacting profitability and strategic growth initiatives.
Persistent Losses
Ongoing losses highlight operational inefficiencies or market challenges, which could erode shareholder value and limit strategic flexibility over time.

Cazaly Resources Limited (CAZ) vs. iShares MSCI Australia ETF (EWA)

Cazaly Resources Limited Business Overview & Revenue Model

Company DescriptionCazaly Resources Limited operates as a diversified mineral exploration and resource development company in Australia. The company primarily explores for nickel, graphite, gold, copper, iron ore, and cobalt deposits. It holds interests in the Halls Creek Copper, Ashburton, Vanrock polymetallic, Yabby, Kaoko Kobalt, McKenzie Springs, and Mount Venn projects. The company was incorporated in 2002 and is based in West Perth, Australia.
How the Company Makes MoneyCazaly Resources Limited generates revenue primarily through the exploration and development of mineral projects. The company seeks to discover economically viable mineral deposits, which can then be advanced through exploration and feasibility studies. Once a project reaches a certain level of development, Cazaly may choose to sell or joint venture the project with larger mining companies, generating income through the sale of assets or earning royalties and milestone payments. Additionally, the company may engage in direct mining operations if the project is deemed feasible, thereby generating revenue from the sale of extracted minerals. Key factors contributing to its earnings include successful exploration outcomes, favorable commodity prices, and strategic partnerships with other mining companies to optimize project development and reduce financial risk.

Cazaly Resources Limited Financial Statement Overview

Summary
Cazaly Resources Limited faces challenges in revenue growth and profitability, as evidenced by negative profit margins and persistent losses. The strong equity position with low leverage provides financial stability. Cash flow management needs improvement due to negative free cash flows, but there are signs of better cash handling in recent periods.
Income Statement
Cazaly Resources Limited has exhibited inconsistent revenue performance with a decline in revenue from the previous year, leading to negative net profit margins. The company has faced persistent losses, as indicated by negative EBIT and EBITDA margins, which affect profitability. Despite these challenges, there was a slight increase in gross profit margin, which is a positive sign.
Balance Sheet
The company maintains a strong equity base with a low debt-to-equity ratio, indicating conservative leverage. The equity ratio is high, reflecting a solid capital structure. Despite these strengths, Cazaly Resources has seen fluctuations in total assets and equity over the years, which could pose potential stability risks.
Cash Flow
Cazaly Resources Limited has experienced negative free cash flow growth, indicating challenges in generating cash from operations. However, the operating cash flow to net income ratio shows improvement compared to previous periods, suggesting better cash management. The need for external financing is evident due to negative operating and free cash flows.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue287.31K287.31K297.47K308.96K220.82K215.71K
Gross Profit287.31K287.31K297.47K228.91K138.12K137.81K
EBITDA-709.78K-709.78K-776.76K-2.04M-1.65M806.36K
Net Income-5.81M-5.81M-891.45K-2.12M-1.74M716.76K
Balance Sheet
Total Assets10.43M10.43M16.13M14.33M16.35M17.74M
Cash, Cash Equivalents and Short-Term Investments2.87M2.87M5.03M3.82M6.90M9.59M
Total Debt113.31K113.31K208.51K7.05K88.71K162.43K
Total Liabilities496.49K496.49K391.51K296.67K414.12K427.82K
Stockholders Equity9.95M9.95M15.76M14.05M15.95M17.33M
Cash Flow
Free Cash Flow-2.46M-2.46M-3.35M-3.97M-2.56M-2.66M
Operating Cash Flow-931.57K-931.57K-1.14M-773.68K-820.30K-967.82K
Investing Cash Flow-1.24M-1.24M489.10K-2.83M-1.87M-291.60K
Financing Cash Flow0.000.001.87M0.00767.55K767.55K

Cazaly Resources Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.03
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Positive
200DMA
0.02
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
45.37
Neutral
STOCH
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CAZ, the sentiment is Neutral. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.37 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CAZ.

Cazaly Resources Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
49
Neutral
AU$26.76M-17.86-7.48%87.39%
46
Neutral
AU$11.07M-3.86-54.84%-474.07%
45
Neutral
AU$4.70M-1.96-21.73%91.79%
43
Neutral
AU$18.58M-2.54-45.16%-563.16%
42
Neutral
AU$12.86M-3.40-213.82%-32.39%
37
Underperform
AU$8.05M-26.26%78.57%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CAZ
Cazaly Resources Limited
0.03
0.02
220.00%
AU:SRK
Strike Resources Limited
0.04
<0.01
34.48%
AU:CR1
Constellation Resources Ltd.
0.16
-0.04
-20.00%
AU:SRN
Surefire Resources NL
AU:BMG
BMG Resources Limited
0.03
0.01
92.31%
AU:DM1
Desert Metals Ltd.
0.01
-0.02
-66.67%

Cazaly Resources Limited Corporate Events

Cazaly Farms Out Romano Gold Project to Dundas in $2m Earn-In Deal
Dec 30, 2025

Cazaly Resources has entered into an agreement with Dundas Minerals for the sale and joint venture of its Romano greenfields gold project in Western Australia, allowing Dundas to earn an 80% interest by spending $2 million on exploration over two years. In return, Cazaly will receive upfront consideration of $500,000 in cash and Dundas shares, potential milestone payments of up to a further $1.2 million in cash and shares as tenement applications are granted, and retain a free-carried 20% stake through to completion of a positive feasibility study, enabling the company to monetise a non-core asset while concentrating capital and management attention on its flagship Goongarrie project.

Dundas Minerals Secures Majority Interest in Frontier Romano Gold Project Near Gruyere
Dec 30, 2025

Dundas Minerals Limited has acquired the right to earn an 80% interest in the Romano Project, a district-scale gold exploration package covering about 800km² in the underexplored northeastern Goldfields of Western Australia, adjacent to the ~6 million-ounce Gruyere gold mine. The project, situated along the eastern margin of the Yamarna and Dorothy Hills shear zones, comes with multiple priority targets defined by historical drilling and geochemical work, including notable historical intercepts at the Bloodwood and Brahman prospects, and aligns with Dundas’ strategy of targeting large-scale gold systems in frontier terrains while expanding its exploration footprint and complementing its existing Kalgoorlie portfolio.

Cazaly Defines 1.3km High-Grade Gold Trend at Goongarrie Ahead of 2026 RC Drilling
Dec 22, 2025

Cazaly Resources has reported encouraging assay results from an expanded aircore drilling program at its Goongarrie Gold Project in Western Australia, where 240 new holes helped define a shallow, high-grade gold trend over 1,300 metres of strike. The latest drilling, which returned multiple intercepts above 1 g/t gold including standout results of 4 metres at 6.6 g/t from surface and 4 metres at 5.7 g/t from 12 metres, corroborates historical high-grade hits, extends mineralisation 660 metres south of the Star of Goongarrie prospect and generates several new targets along the Menzies Shear Zone. Management says the results underscore the significant prospectivity of these largely underexplored shear zones and has scheduled a reverse circulation drill program for early 2026 to test extensions of the high-grade zones, a campaign that could further upgrade the project’s scale and materially impact the company’s growth prospects if continuity of mineralisation is confirmed.

Cazaly Resources Issues Unquoted Securities for Employee Incentive
Dec 12, 2025

Cazaly Resources Limited announced the issuance of 18,048,024 unquoted securities in the form of service rights as part of an employee incentive scheme. This move is expected to enhance employee engagement and align their interests with the company’s growth objectives, potentially impacting the company’s operational efficiency and market positioning.

Cazaly Resources Issues Performance Rights to Boost Employee Incentives
Dec 12, 2025

Cazaly Resources Limited has announced the issuance of 6,708,024 performance rights as part of an employee incentive scheme. These unquoted securities are intended to motivate and retain key personnel, potentially impacting the company’s operational efficiency and aligning employee interests with shareholder goals.

Cazaly Resources Limited Announces Quotation of New Securities on ASX
Nov 28, 2025

Cazaly Resources Limited has announced the application for quotation of 113,333,334 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, and the securities are set to be issued on November 28, 2025. The announcement indicates a strategic step in the company’s operations, potentially enhancing its market presence and providing additional capital for future endeavors.

Cazaly Resources Announces Change in Director’s Interest
Nov 26, 2025

Cazaly Resources Limited announced a change in the director’s interest, specifically involving Jonathan Downes. The change pertains to the expiration of 2,000,000 options exercisable at $0.047, which were held indirectly through Kiandra Nominees Pty Ltd. This update reflects the company’s ongoing compliance with ASX listing rules and provides transparency to stakeholders regarding changes in director interests.

Cazaly Resources Secures Shareholder Approval for Strategic Initiatives at AGM
Nov 20, 2025

Cazaly Resources Limited announced that all resolutions proposed at its Annual General Meeting were successfully passed. This outcome reflects strong shareholder support for the company’s strategic initiatives, including the approval of a 10% placement capacity and various incentive plans, which are likely to enhance its operational flexibility and growth potential.

Cazaly Resources Limited Announces Proposed Securities Issue
Nov 20, 2025

Cazaly Resources Limited has announced a proposed issue of securities, which includes the issuance of 18,888,889 options expiring three years from the issue date and 116,666,668 fully paid ordinary shares. This move is aimed at raising capital to support the company’s ongoing projects and strategic initiatives, potentially strengthening its financial position and market competitiveness.

Cazaly Resources Secures $3.5M to Boost Goongarrie Gold Project Exploration
Nov 20, 2025

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.

Cazaly Resources Initiates Trading Halt for Capital Raising Announcement
Nov 18, 2025

Cazaly Resources Limited, a company listed on the Australian Securities Exchange (ASX) under the ticker CAZ, has requested a trading halt on its securities. This halt is pending an announcement related to a capital raising initiative. The trading halt will remain in effect until the announcement is made or until normal trading resumes on November 20, 2025. This move suggests a potential strategic financial maneuver by Cazaly Resources, which could impact its market operations and investor relations.

Cazaly Resources Unveils New Gold Discoveries in West Australian Goldfields
Nov 12, 2025

Cazaly Resources Limited has announced new gold discoveries in the West Australian Goldfields, a significant development that could enhance its resource portfolio and strengthen its market position. This discovery is expected to impact the company’s operations positively, potentially increasing its attractiveness to investors and stakeholders by expanding its mineral resource base.

Cazaly Resources Identifies New Gold Trends to Enhance Exploration Efforts
Oct 31, 2025

Cazaly Resources Limited has announced the identification of new gold trends as part of its ongoing exploration efforts. The company has completed a lithostructural interpretation, which has led to the development of a new geological map highlighting potential gold mineralisation areas. This advancement is expected to aid in prioritizing drill targets and enhance the company’s exploration strategy. The announcement underscores Cazaly’s commitment to expanding its exploration activities and improving its understanding of the geological structures controlling gold deposits, potentially impacting its operational focus and offering new opportunities for stakeholders.

Cazaly Resources Unveils Promising Gold Assay Results at Goongarrie Project
Oct 30, 2025

Cazaly Resources Limited has reported promising assay results from its Goongarrie Gold Project, highlighting significant gold mineralization. The recent drilling program has not only reinforced previous findings but also identified a new target area, Duchess, enhancing the project’s potential and positioning Cazaly favorably within the gold exploration sector.

Cazaly Resources Expands Drilling Program Following Promising Gold Discoveries
Oct 28, 2025

Cazaly Resources Limited announced significant findings from its aircore drilling campaign at the Goongarrie site, revealing anomalous gold mineralization over a 700-meter strike. The initial results have prompted the company to expand its drilling efforts, planning an additional 8,000 meters of aircore drilling to further explore the Menzies Shear Zone. This expansion aims to identify new gold targets and assess the potential for deeper economic gold mineralization, which could enhance the company’s positioning in the gold mining industry.

Cazaly Resources Clarifies Commissioned Market Research Report
Oct 27, 2025

Cazaly Resources Limited has clarified that it commissioned a market research report mentioned in a recent ASX Price Query letter. The report, which includes independent valuations, was created using only publicly available information, ensuring transparency and potentially impacting the company’s market perception positively.

Cazaly Resources Responds to ASX Price Query Amid Market Activity
Oct 27, 2025

Cazaly Resources Limited has addressed a price query from ASX regarding a significant increase in its share price and trading volume. The company attributes this activity to the rising prices of gold and silver, as well as recent developments in the rare earth sector. Additionally, an independent market research report based on publicly available information may have contributed to the trading surge. Cazaly confirms compliance with ASX Listing Rules and asserts that all responses were authorized under its continuous disclosure policy.

Cazaly Resources Limited Announces 2025 Annual General Meeting
Oct 13, 2025

Cazaly Resources Limited has announced its Annual General Meeting, scheduled for November 20, 2025, at The Park Business Centre in West Perth. The company encourages shareholders to submit proxy forms and questions in advance to facilitate efficient meeting proceedings. This meeting is significant for stakeholders as it will involve polling on all resolutions, impacting the company’s future strategies and operations.

Cazaly Resources Advances Goongarrie Gold Project Amid Strategic Expansion
Oct 9, 2025

Cazaly Resources Limited has completed 2,700 meters of air core drilling at the Goongarrie Gold Project, despite delays caused by heavy rainfall. The drilling targets high-priority areas along the Menzies Shear Zone, with notable gold intercepts reported at the Duchess and Duke of York prospects. Additionally, Cazaly has expanded its landholding by acquiring new tenements, enhancing exploration opportunities within the Bardoc Tectonic Zone. This strategic move positions the company to further explore mineralized trends and potentially increase its gold resources, benefiting stakeholders and strengthening its industry positioning.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025