Cazaly Resources Limited announced that all analytical results have been received for the reverse circulation (RC) resource drilling program completed at the Bommie Porphyry Copper Prospect in Halls Creek during August 2022. The Halls Creek Project is located 25km southwest of Halls Creek in the East Kimberley Region of Western Australia. Analytical results have been received from RC resource drilling at the Halls Creek Copper Project.

A total of 19 holes were drilled for 4,049m to test the Moses Rock Electromagnetic (EM) conductor and the Bommie Porphyry Copper System. Three holes were drilled for 654m to test a modelled EM conductor located at Moses Rock 5km to the southwest of the Mount Angelo North Cu-Ag-Zn resource. The EM conductor was modelled 100m below surface for a strike distance of 300m, dipping steeply towards the southeast.

Drilling intersected a narrow sulphidic zone with up to 80% pyrrhotite + pyrite from 212m to 214m down hole. The sulphidic intersection coincided with the position of the modelled conductor plate, however no anomalous assay results were reported. 16 holes were drilled for 3,395m to test the continuity of broad copper intercepts across the Bommie Prospect on an approximate 100m x 100m grid (Figure 4).

The Bommie Prospect is located 2.5km southwest of Mount Angelo North (Figure 2) and is interpreted as a large low grade porphyry copper system with significant drill intercepts as shown in Figure 4 & 5. Analytical results, sampling techniques and data collection are detailed in Appendix 1. Broad copper intercepts in recent drilling across the Bommie prospect include: 110m @ 0.4% Cu from surface in HCRC0065, incl 4m 1.1% Cu from 78m. 126m @ 0.3% Cu from 54m in HCRC0067. 114m @ 0.3% from 2m in HCRC0077.

incl 4m @ 1.1% Cu from 46m. 102m @ 0.3% Cu from surface in HCRC0079. 100m @ 0.3% Cu from surface in HCRC0080.

78m @ 0.3% Cu from 72m in HCRC0074. Incl 2m @ 1.1% Cu from 78m. The section line A-A' shown in Figure 4 is displayed as a cross section in Figure 5 and illustrates the distribution of copper mineralisation across the deposit from south to north.

Copper intercepts show some variability in thickness with higher grades occuring at the northern end of the deposit. Elevated copper grades generally coincide with >3% sulphides. Preliminary assessment of multielement geochemical data suggests copper has a positive correlation with silver.

Assessment of multielement geochemical data is ongoing in order to better characterise this unusual Proterozoic porphyry copper deposit.