Cazaly Resources

Cazaly Resources Limited (ASX Code: CAZ) has made priority applications on the 4th May 2005 for two Exploration Licences in the Gascoyne region of WA. The two applications lie some 150 kilometres apart and are called the Pells Range and the Jailor Bore projects and are deemed to be particularly prospective for Uranium mineralisation.

The Pell's Range project contains some very significant historical results including rock samples up to 1.95 kg/t U3O8 and drilling results including 0.4m @ 0.8 kg/t U3O8 from drilling spaced at 1,600 metres and has yet to be followed up. Classic “roll front uranium” mineralisation styles similar to Manyingee are recognised at Pell's Range.

The Jailor Bore project surrounds known mineralisation at Jailor Bore, which is excised from the application area, and is prospective for calcrete hosted uranium mineralisation numerous occurrences of which occur throughout the area.

Pell's Range E09/1193, applied for 16/02/05

Updated August 2005

Company Information

L 1, 22 Oxford Close West Leederville
WA 6007

http://www.cazalyresources.com.au/

Directors

Mr Nathan McMahon (Managing Director)
Mr Clive Jones (Managing Director, Non Exec. Director)
Mr Kent Hunter (Non Exec. Director)

Share price: 29 January 2005 $0.35 - 26 July 2005 $0.25

Listed 31 October, 2003