Rare Earth Element (REE) Project Application

Cazaly Resources lodges exploration licence application targeting rare earth elements and base metals near the historic Tsumeb mine, highlighting significant mineralisation from historic drilling.

<ul><li>Exploration licence application for 790 km² in northern Namibia's Otavi Mountain Land, targeting rare earth elements (REE) and base metals near the renowned Tsumeb mine.</li><li>Historic drilling shows significant REE mineralisation including up to 45m @ 0.73% TREO and high-grade zones within.</li><li>Project area rich in infrastructure and close to major mining towns and processing facilities.</li><li>Potential for both REE carbonatite mineralisation and Tsumeb-style base metals.</li><li>Agreed finders’ fee arrangement linked to licence grant and resource milestones.</li><li>REE market outlook remains strong due to demand for permanent magnets in renewable energy and EV industries.</li></ul>

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Rare Earth Element (REE) Project Application