CZR RESOURCES LTD — Interim / Quarterly Report 2014

Oct 30, 2013

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Coziron Resources Limited

ABN: 91 112 866 869 Level 24, 44 St George’s Terrace Perth Western Australia 6000 PO Box Z5183 Perth WA 6831 Phone: +61 8 6211 5099 Facsimile: +61 8 9218 8875 Website: www.coziron.com

The Company Announcements Office ASX Limited Via E Lodgement

31 October 2013

Quarterly Activities Report to 30 September 2013

HIGHLIGHTS

Yarraloola Project – West Pilbara

• CZR has completed negotiations for the acquisition of the Shepherds Well IronOre Project which is contiguous with the Yarraloola Project and proximal to a new port development at Cape Preston East.

• Shepherds Well hosts some 9km of the Cleaverville Terrain with magnetic features indicating prospectivity for intervals of the Niminagarra Iron Formation which is prospective for both magnetite and direct-shipping iron-ore.

Buddadoo Project – Midwest Region

• Integration of historical drill-data with previously announced CZR soil and rockchip sample results has identified priority targets for gold-copper mineralization at Edamurta.

Corporate

Company Background

In September 2012, Coziron Resources Ltd (ASX: CZR) acquired the Yarraloola Iron-Ore Project in the West Pilbara, KingX Manganese Project in the Earaheedy Basin and Buddadoo Iron-ore Project in the Midwest of Western Australia from Creasy Group (Fig 1).

In the past Quarter, CZR completed a technical review and recommended the acquisition of the Shepherds Well Project, an exploration license covering 192km2 in the West Pilbara that is contiguous with the Yarraloola Project and prospective for iron-ore (Fig 1). This project was subsequently acquired by the Company on 8[th] October 2013.

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While CZR maintains a focus on commodities used in the steel industry, prospectivity for other metals is assessed as part of the exploration process.

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Fig.1 Location of the Coziron Resources Ltd projects in Western Australia along with the new Shepherds Well Project in the West Pilbara.

Exploration Activities and Results

– Yarraloola and Shepherds Well Projects West Pilbara

In the past quarter CZR completed a strategic and technical review of the Shepherds Well Project (E08/2361) as part of the assessment of the West Pilbara and based on the results of the review, recommended the acquisition of this project (Fig 2). The new tenement is contiguous with the Yarraloola Project, has bitumen-road access from the Northwest Coastal Highway and is located in proximal (about 20km) to a new public access port being developed by Iron-Ore Holdings Ltd at Cape Preston East (Fig 2).

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Fig 2. Location and infrastructure setting of the Yarraloola and Shepherds Well (CZR) Iron-Ore Projects in the West Pilbara, Western Australia. Other major tenement holders in the region are RioTinto Ltd (LTD), Fortescue Metals Ltd (FMG), Iron-ore Holdings Ltd (IOH), Mineralogy Pty Ltd (Mineralogy).

Project Prospectivity

Shepherds Well includes a sequence of sediments older than the Hamersley Basin and attributed to the Pilbara Block that host banded iron-formation and offer prospectivity for both magnetite and direct-shipping iron-ore (DSO).

Yarraloola hosts channel-style iron (CID), goethite-haematite mineralisation and approximately 50 strike kilometres of magnetite mineralisation in iron-formations attributed to the Hamersley Group (Marra Mamba, Brockman and Boolgeeda Iron Formations). The primary exploration target is DSO from either CID or haematite-goethite from the Hamersley Group rocks (Fig 3). However, magnetite mineralization is also a target at Yarraloola as the area is in proximity to the Sino Magnetite Mine being developing Mineralogy-Citic Pacific.

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Priority magnetite targets at Yarraloola include units of the Brockman Iron Formation in the Hamersley Group and a newly discovered large-scale iron-formation in the Ashburton Trough (Fig 3).

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Fig 3. Yarraloola and Shepherds Well Projects showing the regional geotectonic setting, the CIDtargets and subdivision of iron formations in the Hamersley Basin and Ashburton Trough by magnetic properties.

Shepherds Well Review

A review of the data for the Shepherds Well Project suggests the northern section of E08/2361 hosts a sequence of rocks attributed to the Pilbara Block (Fig 4). To the northeast, Iron-Ore Holdings has announced an ore-resource on the Maitland project (Fig 1) of 1.16Bt @ 30.4%Fe from the Nimingarra Iron-formation, which is intercalated amongst sediments and volcanics from the Cleaverville Terrain. Published geological and magnetic data indicates magnetic units of the Cleaverville Terrain extend over a strike length of approximately 9km within the northern section of E08/2361 (Fig 4). The presence of ridges in the digital elevation model, which are coincident with the magnetic features suggests that mapping and rock-chip sampling may be effective in providing an initial assessment of the

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prospectivity. Any iron-formation horizons identified by exploration will also be assessed for the potential to host Yarrie-style lenses of high-grade DSO mineralization.

In addition to the iron-ore prospectivity, the Cleaverville on E08/2361 also hosts occurrences of base-metal mineralization which potentially represent parts of high-grade massive sulphide systems. A more detailed compilation and assessment of data from these secondary base-metals targets is underway.

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Fig 4 Total magnetic intensity for the Shepherds Well Project showing the south-west extension of magnetic features associated with Maitland magnetite mineralization onto the northern part of E08/2361. (Brown and pink stars are reported occurrences of base-metal mineralization.)

Buddadoo Project

The Buddadoo project (E59/1350) is located in the Mid-west region of Western Australia towards the western margin of the Yilgarn (Fig 5). The tenement covers part of the Gullewa Greenstone Belt and adjacent mafic and felsic intrusive systems. Reported mineralization on the tenement includes bands of vanadiferous titanomagnetite in gabbro in the Buddadoo Range and copper and gold associated with felsic volcanics at Edamurta. The Edamurta

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system has been targeted historically as a potential site for volcanic hosted massive sulphides. These high-value deposits are typically characterized by relatively short strikelengths (<200m) but strong down-dip extent.

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Fig 5. Geological setting of the Buddadoo Project which covers part of the Gullewa Greenstone Belt that is intruded by the Buddadoo Mafic Complex and disrupted by adjacent granites.

Results

During the quarter CZR reviewed and integrated current and historical data from the Edamurta area into a Surpac data-structure with a focus on highlighting drill-targets for gold and copper. Edamurta is an area where CZR has previously announced rock-chips reporting copper to 4.86% and gold to 1.21g/t and historical drill-data includes an intercept reported as 3.15M @ 3.8% Cu.

The cross-sections generated from the data-integration highlights relationships between the geology, surface geochemistry and prospectivity (Fig 6). Historically, only intervals of drillcore with massive chalcopyrite-bearing sulphide mineralization were assayed. However, the surface geochemical responses from CZR soil-samples indicate that intervals of disseminated sulphide may also have been prospective for copper mineralization.

The review of Edamurta has outlined a number of targets for infill mapping and soil sampling with the potential to generate new drill targets for gold and base-metal mineralization. There

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is also potential for selective infill drilling with opportunities to detect ore-grade copper-gold mineralization within the Edamurta system.

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Fig 6. Representative cross-section from the Edamurta area showing the relationship between the geology, historical down-hole drill copper assays and CZR copper-in-soil sample results.

COMPETENT PERSONS STATEMENT

The information in this report that relates to mineral resources and exploration results is based on information compiled by Rob Ramsay (BSc Hons, MSc, PhD) who is a Member of the Australian Institute of Geoscientists. Rob Ramsay is a full-time Consultant Geologist for Coziron and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Rob Ramsay has given his consent to the inclusion in this report of the matters based on the information in the form and context in which it appears.

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