Parker Range (CAZ 100%)

Cazaly further enhanced its logistics solutions for its Parker Range Iron Ore Project in the Yilgarn region of Western Australia, through the signing of Capacity Reservation Deed with the Esperance Port Authority and by appointing Engenium Limited to conduct a detailed review of interim shipping options prior to the expansion at Esperance being completed.

The Parker Range project was the most advanced DSO resource in the Yilgarn with a published Definitive Feasibility Study, (refer ASX announcement dated 12th May 2011). The project greatly benefited from its close location to existing and accessible infrastructure including road, rail, port, power and township.

This approval, granted under section 45(1) of the Environmental Protection Act 1986, was a significant milestone for the project and the Company and represented the culmination of well over 12 months work by Cazaly. With the granting of this key approval, Cazaly was now in a position to take a step closer to the development of the PRIOP. 

The Company now had an extremely good understanding of the regional environmental, social and heritage values of the project area, and would ensure that all conservation and environmental management measures were fully integrated into the construction and operational planning phases of the project.

Earaheedy Joint Venture 

Cazaly and Vector Resources Limited (ASX: VEC) announced a farm-in agreement with Anglo American, the global diversified mining house, covering a large part of the Earaheedy Iron project in the Wiluna region of Western Australia. The Earaheedy project covered an area in excess of 1,700km2 and included a substantial strike extent of the iron ore prospective Frere Formation. The Farm-In Agreement related to an area of approximately 890 km2.

Anglo American was to commence a drilling programme on the Potential Major New Iron Ore Province 

Hamersley Iron Ore Project

Winmar’s priorities for its 2012 works program at the Hamersley project were: 

Huckitta JV – Cazaly diluting to 20% – Mithril Resources Ltd (ASX: MTH) earning 80% 

The focus of Mithril’s work during the quarter was on EL25643 which formed the major part of the newly defined Illogwa IOCG Target Area (IITA) where multiple outcropping copper occurrences had recently been discovered by Mithril.