Cazaly Resources Limited · ASX:CAZ
Cazaly Resources — Investor Presentation (November 2025)
31 slides from Cazaly Resources's investor presentation, Nov 12, 2025
Slide 1: New Gold Discoveries in the Heart of the West Australian Goldfields
For personal use only NEW GOLD DISCOVERIES IN THE HEART OF THE WEST AUSTRALIAN GOLDFIELDS ASX: CAZ NOV 2025
Slide 2: Disclaimers and Important Information
Disclaimers and Important Information Disclaimer This presentation has been prepared by Cazaly Resources (Company) to provide general information about the Company and its project portfolio. The information in this document is in summary form and should not be relied upon as a complete and accurate
Slide 3: Cazaly Resources Limited
Cazaly Resources Limited Australian based resource exploration company that operates internationally, holding a diverse portfolio of large-scale mineral projects in Australia, Namibia, and Canada For personal use only ROMANO Au www.cazalyresources.com.au ASX: CAZ 3
Slide 4: Tightly Held Register / Capital Structure
Tightly Held Register Capital Structure N McMahon Share Price (11 November 2025) $0.033 (Estate) & Assoc. Other Top 20 Directors & Cash & Investments (30 September 2025) $2.8M 9% 25% Management Market Capitalisation $15M For personal use only 12% Shares Equity Class 467.4M Fully paid ordinary shares
Slide 5: Highly Experienced Leadership Team
Highly Experienced Leadership Team Clive Jones Tara French Don Horn Chairman Managing Director Exploration Manager For personal use only Founding Director of Cazaly, and Exploration Geologist, +25 years’ Exploration Geologist, +30 years Bannerman Energy, +35 years’ resource industry experience. of e
Slide 6: Strategic Goldfields Location
Strategic Goldfields Location Goongarrie - Large scale gold project For personal use only Joint Venture with Brightstar Resources (ASX: BTR) to earn up to 80% ROMANO Au Record gold prices over A$6,000oz www.cazalyresources.com.au ASX: CAZ 6
Slide 7: Location, Location, Location!
Location, Location, Location! 90kms north of Kalgoorlie Large landholding across BTZ-BL Shear Zone For personal use only One of the richest gold mineralised structures in the Goldfields Host to multimillion ounce deposits: • Paddington (>10Moz Au) Norton Pty Ltd • Comet Vale (96koz) ASX: GG8 • Aphro
Slide 8: Untested at Depth
Untested at Depth Early drilling by Gorilla Gold at Lakeview: 19m @ 18.1g/t Au and 11m @ 24.8g/t Au1 For personal use only Gold targets identified over ~20km strike 20km Multiple N-S Shear Zones prospective for gold mineralisation in areas of structural complexity Goongarrie is underexplored and gol
Slide 9: Focused Exploration
Focused Exploration 8m @ 10.7g/t For personal use only Phase 1 RC drilling between gold mines, and to validate historical drill intercepts Jennys Reward open pit • Historically mined 53kt @ 2.9g/t for ~5koz1 Lady Goongarrie open pit • Currently mined by private Co. 1. Witt, W.K. 1993. Gold deposits
Slide 10: Anomalous RC Drill Results
Anomalous RC Drill Results Phase 1 RC Drilling Highlights Validated historical intercepts at Duke of York New drill results above 10 gold gram metres: For personal use only • 6m @ 10.3g/t from 27-33m in GGRC004 350m including 1m @ 56.3g/t from 27-28m • 2m @ 9.2g/t from 61-63m in GGRC005 • 10m @ 5.7g
Slide 11: Anomalous RC Drill Results: Intercepts above 1g/t Gold
Anomalous RC Drill Results Intercepts above 1g/t Gold Au Interval Prospect Hole ID m From m To Au ppm gram m metres Duke of York GGRC002 11 12 1 1.2 1.2 Duke of York GGRC004 27 33 6 10.3 61.8 Duke of York GGRC005 31 36 5 1.0 4.9 For personal use only 2mm Duke of York GGRC005 40 43 3 1.6 4.8 Duke of
Slide 12: Phase RC Drilling - Conclusions
Anomalous RC Drill Results Phase 1 RC Drilling - Conclusions Duke of York: • Shallow high grade mineralisation at For personal use only Duke of York is open to the south • Potential for gold mineralisation further west within the untested ultramafic unit Duchess: • Gold grades increase with depth •
Slide 13: Initial Aircore drilling campaign confirms mineralised corridor
Initial Aircore drilling campaign confirms mineralised corridor +1g/t Gold in Aircore results over 700m strike For personal use only Mineralised trend continues from Duke of York to Duchess Gold associated with magnetic highs adjacent to N-S shears and cross cutting NW & NE structures Aircore drilli
Slide 14: Expanded AC Drilling Program 8,000m
Expanded AC Drilling Program 8,000m For personal use only www.cazalyresources.com.au ASX: CAZ 14
Slide 15: More Discovery Opportunities: Hastings Gold Prospect
More Discovery Opportunities Hastings Gold Prospect • Located immediately north of Aphrodite North Gold discovery (ASX: ARL)1 • Gold trend over 2.9km: For personal use only o KGA038 - 38m @ 3.1g/t Au; including 6m @ 17.2 g/t Au2 Hastings Prospect KGA038: 38m @ 3.1g/t Au; KGR001: 5m @ 8.3g/t Au : GMD
Slide 16: More Discovery Opportunities: Regional Scale Targets
More Discovery Opportunities Regional Scale Targets: Multiple N-S trending shears over 20 km strike prospective for gold mineralization largely untested For personal use only 20km Reprocessed Aeromagnetic data shows major intersecting structures not previously seen in old datasets Opportunities to f
Slide 17: More Discovery Opportunities
More Discovery Opportunities Sir Laurence Gold Prospect • Widespread gold at the base of lake sediments over 2km strike • Gold intercepts include*: For personal use only o 4m @ 2.3g/t Au o 3m @ 6.5g/t Au o 5m @ 4.8g/t Au • Kanowna Belle style target (>5M oz Au) Great Eastern Gold Prospect • Gold int
Slide 18: Goongarrie Gold - Strong News Flow
Goongarrie Gold - Strong News Flow Q1 Q2 Q3 Q4 Q1 2025 2025 2025 2025 2026 Binding agreement executed Stakeholder liaison & Acquired contiguous Continue AC DRILLING for new March 2025 Approvals Completed tenements to increase land gold deposits along the BTZ For personal use only holding Litho-struc
Slide 19: Gold Project – Romano, NE Goldfields
Gold Project – Romano, NE Goldfields Immediately along strike of Goldfields’ 6Moz Gruyere Gold mine For personal use only 800km2 land position across multiple greenstone belts, recently pegged. Tenements in application. Over 70km strike of prospective, yet underexplored greenstones Significant poten
Slide 20: Copper Project – Halls Creek
Copper Project – Halls Creek Near surface Porphyry Copper and VMS styles of mineralisation Combined MRE of 97.3Mt for 285,000 tonnes contained copper For personal use only (Cobalt Blue) 95.6Mt @ 0.27% Copper Total Maiden Resource Estimate (Cobalt Blue) Includes 16Mt @ 0.3% Copper classified as Indic
Slide 21: Joint Venture Projects, Western Australia
Joint Venture Projects, Western Australia GOLD, NICKEL, PGE’s COPPER, NICKEL & GRAPHITE MOUNT VENN (20% CAZ / 80% SRR) McKENZIE SPRINGS (30% CAZ / 70% FIN) • Kimberley Region • Proven mineral district, For personal use only along strike of the Savannah Nickel Mine • Large project with >13km of prosp
Slide 22: International REE Projects: Namibia and Canada
INTERNATIONAL REE PROJECTS Namibia and Canada For personal use only www.cazalyresources.com.au ASX: CAZ 22
Slide 23: REE & Base Metal Project, Abenab North, Namibia
REE & Base Metal Project Abenab North, Namibia Large Scale Project covering 790km2 Licence Pending, Notification of intention to grant received For personal use only In World Class African Copper Belt Hosts the nearby Tsumeb Copper deposit Excellent Infrastructure Well served by sealed roads, rail t
Slide 24: A World Class Mineralised District
A World Class Mineralised District Tsumeb Polymetallic Copper Mine • Mined for ~100 years to 1996 • Produced 30Mt of ore @ 4.3% Cu, 3.5% Zn, 10% Pb1 +As, Sb, Ag, Cd, Au1. • Renowned for its accumulation of For personal use only sulphidic germanium (Ge)1 • Also, one of the world's most prolific miner
Slide 25: Multiple Targets / Significant REE intercepts
Multiple Targets / Significant REE intercepts 2004 Drilling confirmed mineralised carbonatites • Kudu Minerals drilled 9 holes targeting Tsumeb style pipes o Carbonatite intersected in 6 of the 9 drill holes o Limited sampling and analysis of REEs For personal use only o Drill hole B6 returned an av
Slide 26: Immediate Discovery Potential
Immediate Discovery Potential 2024 Cazaly Reprocessed Magnetics • Highlights booming target at Anomaly 13 (“Cadix’) Untested +800m diameter • Single vertical drill hole by JICA did not adequately test Magnetic Anomaly Anomaly 13 (A13) • Magnetics require inversion (3D) modelling prior to drill For p
Slide 27: Nb REE Project – Ontario, Canada
Nb REE Project – Ontario, Canada Large scale carbonatite • Located in the Red Lake district, a well-known mining province in Canada • ~3km in diameter For personal use only Largely unexplored • 1960’s - four diamond drill holes (niobium exploration) • 2011 - geophysical survey • No exploration drill
Slide 28: Exploration history
Exploration history 1960s • Large Magnetic feature identified by government geophysical survey • Four diamond holes drilled in search of Niobium – No assay results available • Drilling confirms mineralised carbonatite For personal use only 1960s to 1980s • Diamond holes re-analysed by Ontario govern
Slide 29: Initial Cazaly field work
Initial Cazaly field work 2023 • Cazaly re-assayed historic core with pXRF: o Best results include Pr 0.42%, Nd 1.49%, La 3.36%, Ce 4.34%, and Nb 0.6% • Anomalous float samples collected during initial For personal use only reconnaissance field trip o TREO up to 2482ppm; NdPr up to 25% of TREO; Niob
Slide 30: Mineralised Carbonatites: Large Scale Carbonatite Size Comparison
Mineralised Carbonatites LARGE SCALE CARBONATITE SIZE COMPARISON Carbonatite Complex Company Location Diameter (km) Stage Araxa CBMM Brazil 5 Producing For personal use only Carb Nb-REE Cazaly Resources Canada >3 Exploration Mount Weld Lynas Rare Earths Australia 3 Producing Luni WA1 Australia Ellip
Slide 31: The Investment Opportunity
The Investment Opportunity Potential for new large-scale Gold Focused at Goongarrie GOLD & REE discoveries For personal use only Experienced Board & Maintain a pipeline of management with projects across Gold, strong track record Copper and REE with from exploration to commercialisation geographical
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