Cazaly Resources Limited has completed the processing and interpretation of a high-resolution drone aeromagnetic survey across the Abenab North Project in northern Namibia, generating detailed magnetic models to guide upcoming drill programs.

Cazaly holds a 95% interest in the 790-square-kilometre tenure, situated within Namibia's Otavi Fold Belt. The project lies approximately 20 kilometres from the historic Tsumeb Copper Mine and shares the mineralised belt with Midas Minerals Ltd's Otavi Copper Project, where reverse circulation drilling recently returned 41 metres at 1.13% copper from 19 metres depth at the Spaatzu Prospect.

The low-level unmanned aerial vehicle survey covered approximately 196 line-kilometres across three survey blocks named Accra, Cadix, and Abenab. The resulting high-resolution dataset confirmed that the Accra and Abenab anomalies represent valid magnetic source rocks. However, the Cadix target was downgraded following the identification of historic mis-plotting on the original survey data, prompting Cazaly to plan a reassessment of the anomaly before undertaking any drilling at that specific location. Multiple other pipe-like magnetic targets across the wider tenure continue to require investigation.

In parallel with the geophysical work, copper-focused exploration is set to commence immediately within the southern sector of the licence area. Initial activities will involve establishing land access agreements, soil sampling, field mapping, and modern geophysics targeting Tsumeb-style mineralisation. This style of mineralisation is characterised by geochemical copper anomalism associated with upper carbonate units near geological contacts with overlying formations, shaped by structural disruption and hydrothermal fluid flow.

Maiden drilling remains on track for the second half of 2026. The planned program will test multiple magnetic targets within the property for rare earth elements, copper, and base metal mineralisation.

Read the full announcement: Mag Survey Refines REE Targets, Copper Exploration to Begin