Cazaly Resources (ASX:CAZ) has confirmed the presence of a contiguous stratiform lithium anomaly from analytical results returned from its Kaoko Lithium Project in Namibia, southwest Africa.
The company says results generated by infill surface sampling conducted to better define and confirm the 12km by 10km lithium in soil target within the Ohevanga prospect, demonstrate elevated lithium values are contiguous between the initial 1km spaced lines.
Cazaly notes the most anomalous lithium assays, more than 110 parts per million (ppm), show that the distributions of mineralisation are aligned with specific geological sedimentary units and are therefore interpreted to be stratigraphically controlled.
The company also notes the continuity of lithium anomalism between the original 1km surface samples represents a ‘strong’ indication that elevated lithium will be contiguous across the entire 12km strike length of the initially defined anomaly. Follow-up exploration is currently being planned.
the continuity of lithium anomalism between the original 1km surface samples represents a ‘strong’ indication that elevated lithium will be contiguous across the entire 12km strike length of the initially defined anomaly
Cazaly Resources also reports it has begun discussions with key stakeholders, including newly appointed government officials and local landowners, in relation to its new exploration licence application for rare earth elements (REEs) at its Abenab North REE Project.
The company adds it has also engaged the services of Alliance Environmental Consultancy to conduct an Environmental Impact Assessment (EIA) covering all proposed activities within the licence area, such as surface sampling, geophysical surveys, and drilling.
In addition, as part of the EIA process, an Environmental Scoping Assessment (ESA) and an independent Heritage Impact study are expected to be undertaken.
With various activities currently ongoing across the company’s Namibian exploration licences, Cazaly Resources announces it has submitted an application for a 2-year licence extension to the Ministry of Mines and Energy (MME).
Cazaly Resources is a diversified, ASX-listed mineral exploration and development company with a portfolio of mineral projects scattered across Australia and Namibia. Both the company’s Abenab North and Kaoko Lithium projects are located in Namibia, about 450km and 800km by road from the capital city of Windhoek respectively.
The projects are considered prospective for REEs and lithium respectively and are currently 95% owned by Cazaly. Other assets included within Cazaly’s exploration portfolio include the Halls Creek, Mckenzie Springs, Ashburton, Mount Venn, and Yabby projects in Western Australia.
Images: Cazaly Resources Limited
