CZR Resources Limited entered into a binding agreement to acquire exploration license E08/2137 from FMG Pilbara Pty Ltd for AUD 0.91 million on December 20, 2022. Consideration will be in the form of CZR cash payment to Fortescue of AUD 0.15 million and CZR shares worth 3.3 million. As on March 3, 2023, CZR Resources advises that it has issued 3.29 million fully paid ordinary shares as consideration for the acquisition of exploration tenement E08/2137 from FMG Pilbara Pty Ltd.