Africazine:
Cazaly Resources is making significant strides in Namibia’s mining sector with a new prospecting licence.
The company has secured an exclusive prospecting licence over an area exceeding 790 sq km at Abenab North, located in the Otavi Copper Belt. This region is known for its historic high-grade Tsumeb copper mine and other valuable mineral deposits.
Cazaly Resources Expands in Namibia’s Otavi Copper Belt
The newly acquired area is highly prospective for copper, base metals, rare earths, and vanadium. Historic drilling has already revealed substantial rare earth mineralisation, and several larger magnetic anomalies remain untested. This indicates the potential for significant mineral discoveries in the future.
Situated near Tsumeb and Grootfontein, approximately 450 km from Windhoek, the project was last systematically explored in 2010. It contains multiple high-priority, walk-up targets that Cazaly Resources plans to explore further.
Namibia: Key figures on Abenab North Project
- 790 sq km area
- 450 km from Windhoek
Strategic Positioning in a World-Class Mining Jurisdiction
By adding the Abenab North project to its portfolio, Cazaly Resources is positioning itself alongside notable peers like Midas Minerals. This move could enhance its growth options and increase exposure to the rising demand for critical minerals.
Next Steps for Cazaly Resources
- Further exploration of high-priority targets
- Assessment of untested magnetic anomalies
Cazaly Resources is poised to tap into Namibia’s rich mineral resources, enhancing its position in the mining industry.
