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CAZALY RESOURCES LIMITED — Capital/Financing Update 2019
Aug 29, 2019
64609_rns_2019-08-29_a48cc747-0655-41ee-bd74-56893078b59c.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
30 August 2019
Finalisation of acquisition of Parker Range Project
Further to the ASX announcement 21 August 2019, Mineral Resources ( ASX: MIN; MRL or the Company ) is pleased to announce that it has finalised the acquisition of the assets that comprise the Parker Range Project in the Yilgarn region of Western Australia, pursuant to the agreement with Cazaly Iron Pty Ltd (a wholly owned subsidiary of Cazaly Resources Limited ASX: CAZ, “Cazaly” ).
The assets include the tenements that comprise the Parker Range Project including M77/0741, M77/0742, M77/0764, the mining information, contracts and authorisations for the Parker Range Project.
All conditions precedent, as noted in ASX announcement dated 21 August 2019, were either satisfied or waived prior to completion.
Information regarding Parker Range
The Parker Range Project is located 52 kilometres south of Southern Cross, 15 kilometres south-east of Marvel Loch and approximately 400 kilometres east of Perth in the Yilgarn region of south-western Western Australia.
As set out in Cazaly’s ASX announcement on 26 March 2019, the Parker Range project has a Proven and Probable Ore Reserve of 31.4Mt targeting an iron ore fines product grading 56.4% Fe (61.9% calcined Fe) and 0.02% P, 6.0% SiO2 and 2.50% Al2O3.
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For further information:
Investor Relations
Mark Wilson CFO/Company Secretary T: +61 8 9329 3600 E: [email protected]
Media
Peter Klinger Cannings Purple T: +61 411 251 540 E: [email protected]
Mineral Resources Limited 1 Sleat Road Applecross, WA 6153 Australia
T: +61 8 9329 3600 E: [email protected] W: www.mineralresources.com.au
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About Mineral Resources
Mineral Resources Limited (ASX: MIN) is a Perth-based leading mining services provider, with a particular focus on the iron ore and hard-rock lithium sectors in Western Australia. Using technical know-how and an innovative approach to deliver exceptional outcomes, Mineral Resources has become one of the ASX’s bestperforming contractors since listing in 2006.
To learn more, please visit www.mineralresources.com.au.
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