CZR Completes 3,885m Drilling at Croydon, Eyes Edamurta Copper Drilling

Exploration Momentum Builds at Croydon

CZR Resources Ltd has marked a significant milestone with the completion of its first reverse circulation (RC) drilling phase at the Croydon gold project, located in Western Australia's Pilbara region. The program, comprising 22 holes totaling 3,885 metres at the Top Camp prospect, aims to infill and extend known high-grade gold mineralisation. This is the first major drilling activity at Croydon in five years, underscoring renewed confidence in the project's potential.

Historical drilling at Top Camp revealed promising gold intersections, including standout results such as 27 metres at 3.2 grams per tonne gold from 135 metres depth, featuring an 8-metre interval at 10 grams per tonne. The recent drilling targeted these mineralised trends and a coincident gravity anomaly that may indicate deeper intrusive sources of gold mineralisation. Visual logging from the program noted extensive quartz veining and alteration consistent with a robust gold system.

Assays Pending and Next Steps

All samples from the recent drilling have been submitted to Intertek Laboratories in Perth, with assay results anticipated in February 2026. These results will be pivotal in guiding the next phase of drilling, scheduled for the first quarter of 2026, which will test mineralisation extensions both along strike and at depth. CZR is also preparing to drill at the Bottom Camp prospect, located 6 kilometres north of Top Camp, where preliminary drilling and surface geochemistry have identified further gold targets.

Edamurta Copper Project Drilling Imminent

Beyond gold, CZR is advancing its copper exploration at the Edamurta project within the Buddadoo tenement in the Mid-West region of Western Australia. Edamurta hosts a volcanogenic massive sulphide (VMS) copper-zinc deposit analogous to the nearby world-class Golden Grove mine. Following completion of a heritage survey and receipt of preliminary advice from Traditional Owners, CZR plans to commence an 11-hole RC drilling program targeting highly conductive electromagnetic plates indicative of massive sulphide mineralisation.

This drilling is expected to start in the current quarter, with down-hole electromagnetic surveys planned to refine conductor models. Historical drilling at Edamurta has returned encouraging copper and zinc intersections, supporting the prospectivity of the deposit.

Strong Financial Position Supports Aggressive Exploration

Financially, CZR Resources is well positioned with $67.3 million in cash and term deposits as of 31 December 2025. The company’s recent sale of its interest in the Robe Mesa iron ore deposit for A$75 million has bolstered its balance sheet, enabling a focused push on its advanced exploration assets. During the quarter, CZR invested $824,000 in exploration activities across its projects, with the majority allocated to Croydon.

Corporate governance remains robust, with payments to related parties disclosed transparently. CZR’s strategic focus remains on rapidly advancing discoveries toward resource definition, particularly at Croydon and Edamurta, while maintaining options on iron ore prospects at Yarraloola.

Looking Ahead

As CZR awaits assay results from Croydon and prepares to drill at Edamurta, the company stands at a critical juncture. Positive results could significantly enhance the value proposition of these projects and shape capital management decisions, including potential shareholder returns. Investors will be watching closely for assay outcomes and drilling progress in the coming months.