Cazaly Resources Limited announced that anomalous assay results have been received for initial REE exploration carried out over 50km strike, at its Ashburton Project, located in the Pilbara region of Western Australia. The project area covers 2,450km2 and hosts major regional structures considered to be prospective for large mineralised systems. Analytical results were returned from the rock chip heli-sampling program completed at the Ashburton Project. Twenty-six (26) samples were collected from the sedimentary units of the Capricorn group over a 50km strike, adjacent to the Blair Fault, a deep seated regional scale structure.

Seven (7) samples returned anomalous TREO above 0.5% with two (2) samples above 1% TREO. Elevated REE include: 118ppm dysprosium; 179ppm gadolinium; 619ppm yttrium; 2,070ppm lanthanum; 1,472ppm neodymium; and 431ppm praseodymium. In addition phosphorous results were also elevated to 4,600ppm.

These results are higher than those samples previously reported by Fortescue Metals Group (FMG) from within the Ashburton project area. Historically, limited low-level exploration was conducted by Fortescue Metals Group Ltd. (FMG) across the dolomites within the Capricorn Group with eleven (11) rock chip samples collected by FMG and analysed for gold, base metals, and REE. The results indicate the samples are enriched in REE (notably La, Ce, and Pr).

Six (6) of these samples are located along the Blair Fault in the southern part of Cazaly's Ashburton Project area. The samples have elevated REE including: 2,840ppm cerium; 86.5ppm dysprosium; 1370ppm lanthanum; 314ppm praseodymium; and 1,650ppm phosphorus. Neodymium was not reported.

Cazaly recently completed a helicopter supported rock chip sampling program to determine the prospectivity of the 50km long thorium anomaly and follow up on the previous work conducted by FMG along strike to the south-east.