Quarterly Report for September 2015

Despite the decline in the iron ore market, the Company continues to seek avenues in order to commence the development of the Parker Range iron ore project. At Parker Range the Company has also reviewed the area’s gold potential and identified several shallow gold resources which have the potential to be mined and treated at the nearby Southern Cross gold operation.
The Company has continued to focus on its McKenzie Springs nickel-graphite project with recent interpretation of airborne electromagnetic data highlighting several areas of particular interest some coincident with known nickel bearing gossans.
Cazaly also notes recent media attention with respect to uranium mining in the Czech Republic which may affect the Company where it holds rights to applications for uranium licences.
The Company has reduced its tenement holdings and is focussing on its key projects. Cost cutting measures have continued. The Company also has listed shareholdings which are an asset to the Company.

Please click here to view Quarterly Report: September 2015