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CZR RESOURCES LTD — Regulatory Filings 2015
Sep 28, 2015
64748_rns_2015-09-28_00b5b9f4-3160-4c2a-b632-dce54872db6c.pdf
Regulatory Filings
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Coziron Resources Limited
ASX Code: CZR
Contact Details
The Company Announcements Office ASX Limited via E-Lodgement
29 September 2015
Level 24, 44 St Georges Tce Perth WA 6000
PO Box Z5183 Perth WA 6831
T +61 (0) 8 6211 5099 F +61 (0) 8 9218 8875 E [email protected] W www.coziron.com
ABN 91 112 866 869
Board of Directors
Adam Sierakowski Non-Executive Chairman
Dr Rob Ramsay Non-Executive Director Senior Geologist
Withdrawal from KingX Joint Venture
The Board of Coziron has reviewed its portfolio of projects and has decided to withdraw from the KingX Joint Venture which is located in the Earaheedy Basin in the central part of Western Australia.
Recent drilling success, together with the identification of a number of additional targets that appear to be prospective has made the advancement of the Company's flagship Yarraloola Iron Ore project a priority. Further, both the Buddadoo and Yarrie projects, with their prospectivity and proximity to ports and infrastructure will also remain a focus.
The Directors consider that the KingX Joint Venture is no longer aligned to the Company's strategy owing to its remote location.
Steve Lowe
Non-Executive Director
Withdrawal from the KingX Joint Venture will see the tenements revert to the Joint Venture partner, KingF Pty Ltd, and the group will no longer have any interest in the project.
The Company looks forward to being able to continue to focus its exploration activities onto the Yarraloola, Yarrie and Buddadoo projects.
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