Bungonia Cobalt Project

  • Application lodged over known Cobalt-Manganese mineralisation in the Lachlan Fold Belt of New South Wales
  • Project covers ~240km2 with several small but significant pods of known cobalt-manganese mineralisation, several +1% Co in rock chips
  • Cobalt is one of the three key elements, with lithium & graphite, that make up Lithium-ion batteries – a rapidly emerging market
  • Cobalt supply constrained with cobalt only mines a rarity

Cazaly Resources Limited  is pleased to announce an application for an Exploration Permit located ~40 kilometres south east of Goulburn, in New South Wales. The permit covers approximately 240 square kilometres on the eastern edge of the Lachlan Fold Belt. The Goulburn region hosts various styles of mineralisation and including base metals, gold, tin, tungsten, manganese, cobalt, nickel and bauxite. The Woodlawn lead/zinc mine, where Heron Resources (ASX: HRR) has recently completed a feasibility study into recommencement of operations, is located just 20 kilometres to the south west of the project.

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