Why did Cazaly Resources (ASX:CAZ) start drilling at the Hastings gold prospect?

Cazaly Resources (ASX:CAZ) commenced a 3,000-metre aircore drilling programme to follow up on a historical high-grade gold intercept of 38 metres at 3.1 grams per tonne.

What was the financial market impact on Cazaly Resources (ASX:CAZ) following the drilling update?

Following the exploration announcement, the Cazaly Resources (ASX:CAZ) share price remained unchanged at A$0.019.

Where is the Hastings project owned by Cazaly Resources (ASX:CAZ) located?

The Hastings gold prospect owned by Cazaly Resources (ASX:CAZ) is located in Western Australia, 6km north of the Aphrodite gold deposit within the Bardoc Tectonic Zone.

How much of the project can Cazaly Resources (ASX:CAZ) secure through its current agreement?

Cazaly Resources (ASX:CAZ) recently signed a joint venture option agreement that allows the company to earn up to an 80% interest in the project.

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Cazaly Resources begins 3,000m gold drilling program

Written by Heidi Cuthbert Published Jul 14, 2026, 4:43 AM

Cazaly Resources commenced a 3,000-metre aircore drilling programme at the Hastings gold prospect.
The company's stock price remained unchanged at $0.019 following the exploration update.
Drilling aims to follow up on a historical high-grade gold intercept of 38m.

Cazaly Resources (ASX:CAZ) commenced a 3,000-metre aircore drilling programme at its Hastings gold prospect in Western Australia.

The programme follows a historical intercept of 38m at 3.1 grammes per tonne of gold at the project.

"Hastings is a compelling target with high-grade historical intercepts beneath shallow cover," said Cazaly Resources Managing Director Tara French.

The company stated that assay results from the 2.6-kilometre strike corridor are expected late in the September quarter.

Following the announcement, the Cazaly Resources share price was unchanged at $0.019.

The asset is located 6km north of the Aphrodite gold deposit within the Bardoc Tectonic Zone.

Cazaly recently secured a joint venture option to earn up to an 80% interest in the project.