Mining Your Own Business
Cazaly Resources is successfully juggling many major mining projects across Australia. Managing Director and CEO, Tara French, provides more insight
Writer: Ed Budds | Project Manager: Eddie Clinton
Cazaly Resources Limited (Cazaly) is an Australian, diversified mineral exploration and resource development company based in Perth.
Listed on the Australian Stock Exchange in October 2003, Cazaly has crafted a solid reputation for successfully acquiring and developing, adding value to, and divesting a broad range of resource projects.
Managing Director and CEO, Tara French, grew up in a small mining town on the west coast of far north Queensland, Australia, and was exposed to mining at an early age, with this experience having great influence on her professional career.
“I had an opportunity to work at the laboratory on a mine site as part of my schoolwork, which sparked my interest in the industry. About 80 percent of my career has been spent as a geologist in the exploration field with the other 20 percent spent working in underground and open pit operations,” opens French.
After this initiation into the industry, French predominantly worked in Western Australia on Archaean gold deposits, whilst also gaining valued experience with nickel, copper and other base metal exploration.
“My current role as Managing Director and CEO at Cazaly provides me with a new opportunity to add value to the business through potential acquisitions and new discoveries across a diverse range of projects,” she adds.
French passionately believes that this is an exciting space to be working in, with copious opportunity and bustling activity both within the sector and Australia itself.
The growing demand for renewables, cleaner energy options and critical minerals on a global scale, is a strong driver for the exploration industry. In addition, government mandates are also driving consistent progress, with AUD $2 billion being invested into the critical minerals sector. This follows the state of Western Australia’s commitment to funding assistance in the downstream processing in this area within the state.
Investments and Exploration
Founded in 2003, Cazaly has built its business on a successful history of identifying prospective parcels of ground, effectively exploring, identifying and defining economic resources and ultimately divesting these mineral resources to mining houses to progress the projects through to production. Cazaly maintains equity and royalties which add substantial value for the company’s shareholders. Cazaly identifies as a junior exploration company, and has its head office based in Perth, Australia.
Cazaly has intricately constructed a strong technical team and is well funded with approximately $13 million in cash and investments, enabling the capacity to execute its staged exploration strategy across all current projects.
“In addition to this we have a number of investments that have the potential to deliver future funds including some royalty positions,” certifies French.
“One exciting ongoing project is the drilling at Halls Creek Copper Project, where we are testing a massive copper sulphide target in the form of an EM conductor, and a large low grade porphyry copper deposit which we are exploring at depth, to test for higher grade copper intersections.”
Additionally, after recently selling the Parker Range iron ore project to Mineral Resources Ltd, who have commenced mining activities, Cazaly has crucially retained a royalty on this asset, which is payable after the first 10 metric tonnes mined. Cazaly will thereafter receive $0.50 per tonne of ore produced.
Elsewhere, infill surface sampling was recently completed at the Yabby Project located 10km to the west of Laverton in the north-eastern goldfields of Western Australia. The programme is designed to refine surface gold geochemical anomalies in order to define targets for future drill testing. The Yabby area has historically been poorly explored, but Cazaly has now identified the potential for gold at this site.
Exciting opportunities for personnel
“We are in an advantageous position with staffing, as we have highly skilled key personnel who we work with collaboratively. We have a flat corporate structure, and we discuss technical details of projects internally then encourage more junior staff to take on the responsibilities of advancing projects as rapidly as possible, to achieve the best outcomes with guidance from management,” details French.
Cazaly also provide various incentives to its employees to contribute to their professional development and reward excellent performance. French believes the mining industry, as with any other sector, benefits from curating diversity in the workplace.
“In order to encourage diversity, early education must provide equal opportunities for all. This space provides the chance for young people to explore the possibilities of different career paths and dispel outdated stereotypes of a gender specific roles,” she adds.
Looking ahead to future goals across its work in Australia, Cazaly has prioritised the start of drill testing the flagship Halls Creek Copper project, as one of many near-term focuses. Advancing the first pass geochemical sampling on the Ashburton and Yabby projects, in order to generate drill targets is another key priority alongside this.
In Namibia, the company is aiming to reassess the potential of the Kaoko cobalt copper project, by modelling available EM data at Kamwe, and assess the potential of the lithium in soil anomaly at Ohevanga. These projects are in development whilst Cazaly is always looking for new critical mineral projects to add to its already extensive and impressive portfolio.