Cazaly Resources listed on Friday, 31 October 2003, after closing its $4 million prospectus three weeks early after being several times oversubscribed. The company had 33 million shares on issue, 11.2 million seed investor and promoter shares, 1.8 million vendor shares and 20 million shares were taken up by the public.

Investors were not only backing the company’s suite of high quality assets with attractive exploration targets, but more importantly the proven track record and experience of the board to deliver value to shareholders.

Kununalling Gold Project

Cazaly’s major asset was the Kununalling gold project, strategically located approximately 30 km north of the historical gold mining town of Coolgardie in Western Australia. It contained a 38,000 ounce gold resource with numerous targets ready for immediate drill testing. Previous drill results include 14m @ 7.31 g/t gold, 16m @ 5.06 g/t gold, and 5m @ 21.89 g/t gold. Exploration would commence immediately after listing.

Mt Vetters Nickel Sulphide Project

The Mt Vetters nickel sulphide project is located 35 km north-northeast of Kalgoorlie and abuts the high grade Silver Swan nickel mine to the north. Exploration would commence immediately after listing.

Quartz Circle JV Copper-Gold Project

Exploration would be undertaken on the Quartz Circle JV copper-gold project located in the eastern Pilbara region of Western Australia. Previous exploration returned highly promising results including 38m @ 4.04% copper, 34m @ 5.51% copper, and 4m @ 9.3% copper, 13.3 g/t gold.