Menu
Menu
Cazaly shares jump 20% on Parker Range prospects

Cazaly shares jump 20% on Parker Range prospects

Shares in gold and iron ore explorer Cazaly Resources (ASX:CAZ) have jumped over 20% since the company announced a successful pre-feasibility study of its Parker Range iron ore project.

Cazaly said it estimated the project’s value at $216 million, with a full production potential of 4 megatons per anum. The first shipment is planned for Q3 2011.

The upfront capital costs have been estimated at $78 million, plus $26 million deferred until year three of the project.

Since making the announcement, CAZ shares have climbed 20.4% to $0.32, after rising 3.8% yesterday to $0.27.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags miningforecastCazaly Resources

Show Comments