Cazaly Granted 790km² Licence in Namibia’s Otavi Belt with 45m @ 0.73% TREO Historic Drill

A Major Step into a World-Class Mining District

Cazaly Resources Limited (ASX: CAZ) has announced the granting of an exclusive prospecting licence for its Abenab North project, a substantial 790 square kilometre tenure in Namibia’s renowned Otavi Copper Belt. This region is celebrated for its prolific copper and base metal deposits, including the historic Tsumeb Copper mine, which produced over 30 million tonnes of ore with impressive grades of copper, zinc, and lead over nearly a century.

The project’s location, approximately 450 kilometres from Namibia’s capital Windhoek and close to established mining towns like Tsumeb and Grootfontein, places it in a geological setting rich in mineral potential. The Otavi Fold Belt’s dolomitic and sedimentary rocks have long attracted exploration interest, and Cazaly’s new licence area is no exception, boasting both copper and rare earth element (REE) prospects.

Encouraging Historical Data and Untapped Targets

Historical drilling by previous operators, including Kudu Minerals and Avonlea Minerals, has revealed significant intersections of rare earth oxides, with some intervals showing total rare earth oxide (TREO) grades exceeding 0.7% over tens of metres, and higher-grade zones reaching over 2.5% TREO. These results underscore the project’s potential to host economically meaningful REE mineralisation, which is increasingly critical in global technology and clean energy supply chains.

Moreover, the licence area contains multiple high-priority copper targets, supported by the proximity to the Tsumeb mine and the high-grade Otavi Copper Project recently acquired by Midas Minerals Ltd. The presence of an untested, large 800-metre diameter magnetic anomaly; dubbed the Cadix anomaly; adds a compelling exploration target that could yield new discoveries.

Next Steps and Strategic Outlook

Cazaly is actively advancing its exploration strategy, with plans to conduct detailed geophysical surveys, including magnetic inversion studies, to better define drill targets. Access arrangements are being finalised ahead of ground activities scheduled for the coming quarter. The company’s Managing Director, Tara French, highlighted the project as a “fantastic addition” to Cazaly’s portfolio, emphasizing its potential for new discoveries in a well-established mineral belt.

With the Otavi Copper Belt gaining renewed attention; especially following Sinomine Resource Group’s acquisition and feasibility work on the Tsumeb mine; Cazaly’s entry into this region positions it well to benefit from any resurgence in copper and REE exploration and development. The combination of historical data, strategic location, and unexplored anomalies makes Abenab North a project to watch closely.