Highlights

  • Cazaly Resources has commenced a multi-phase copper-focused soil sampling programme at its 95 per cent-owned Abenab North project in Namibia, covering 788 square kilometres of tenure including 35 kilometres of strike along the prospective Otavi Belt.
  • The Abenab North project lies on the same stratigraphic horizon as the world-class Tsumeb mine and the adjacent Midas Minerals copper discoveries, with the project boundary located 8 kilometres from the Tsumeb mine.
  • Phase 1 sampling involves broad-spaced samples on north-south lines across the westernmost portion of the project, with initial analysis using portable XRF to deliver rapid results, followed by laboratory analysis as required.
  • The Otavi Belt hosts several ENE-WSW trending structures recognised as prospective for copper and base metals mineralisation, which are clearly visible in existing electro-magnetic geophysical survey imagery across the tenement.

Cazaly Resources Limited (ASX:CAZ) is an ASX-listed resources company with a portfolio of exploration projects in Australia and Namibia. Its Abenab North project in Namibia covers 788 square kilometres in the Otavi Belt, a geological province known for its long history of copper, lead, and zinc production. On 5 November 2026, the company announced that the first phase of a significant soil sampling campaign had commenced at the project, targeting copper and base metals mineralisation across the same stratigraphic horizon that hosts several established mines and recently reported discoveries along the Otavi Belt.

The Otavi Belt and Its Mineralisation Significance

The Otavi Belt is a geological province in Namibia with a well-documented history of copper and base metals production. Major historical operations include the Tsumeb copper-lead-zinc mine, the Kombat copper mine, and the Abenab lead-zinc-copper mine, all located in relative proximity to Cazaly's Abenab North project. More recently, Midas Minerals has reported a series of copper discoveries along the belt to the west, in an area that sits along strike from Cazaly's project tenure. The managing director characterised the Otavi Belt as gaining renewed exploration attention, with recent discoveries along strike providing encouragement for the broader geological prospectivity of the region.

Cazaly's project covers 35 kilometres of the Otavi Belt's prospective stratigraphy, with several ENE-WSW structural trends recognised as being associated with copper and base metals mineralisation visible in electro-magnetic geophysical survey data across the tenement. The project lies 8 kilometres from the boundary of the Tsumeb mine, one of the most significant copper deposits historically operated in Namibia. The stratigraphic extension of the belt across Cazaly's ground represents the geological basis for the company's exploration hypothesis.

Sampling Programme Design and Approach

Phase 1 of the soil sampling campaign uses broad-spaced sample collection on north-south oriented lines across the westernmost portion of the project. Initial analysis is being conducted using portable XRF instruments to deliver rapid, field-level indications of copper and other base metals, with laboratory analysis of samples to follow where warranted. The company intends the Phase 1 results to generate drill targets, with further phases of sampling to be conducted across additional areas as land access is obtained. The soil sampling programme is designed to cover the principal structural corridors identified in the geophysical data and to generate a systematic geochemical dataset that can guide future drill targeting.

Key Takeaways

Cazaly Resources' commencement of soil sampling at Abenab North marks the beginning of a systematic exploration program on a large tenement package within a belt that has been historically productive for copper and base metals. The proximity of the project to the Tsumeb mine and the recent discovery activity by Midas Minerals along strike provides geological context for the exploration hypothesis, though no drilling or resource definition has yet been carried out on Cazaly's ground. The key milestones to watch will be the Phase 1 pXRF and laboratory assay results, the identification of drill targets from the soil sampling data, and the progression to Phase 2 sampling as access is obtained across additional areas of the tenement.