Mineral exploration and resource development company, Cazaly Resources has initiated the metallurgical test works at the Mount Angelo North prospect in Australia.
Cazaly collected samples from ore zones including high grade copper, zinc and silver mineralization for the initial test work.
The prospect is located at the Halls Creek Copper project in the Kimberley region of Western Australia.
Halls Creek Copper project is subject to an agreement with 3D Resources that allows Cazaly an option to acquire a 75% stake in the project.
Cazaly has also finalized the purchase of the 1.5% Net Smelter Royalty (NSR) from Sulphide Resources in exchange of 600,000 of the former’s shares.
The NSR includes the Mount Angelo North copper deposit.
Cazaly joint managing director Nathan McMahon stated, "The finalisation of the purchase of the NSR is another step towards adding value to the Mount Angelo Project for Cazaly shareholders."
The company is currently seeking approvals for the next phase of drilling at Mount Angelo North, comprising approximately 2,000m of drilling.
Drilling will test extensions of mineralization in areas identified by Cazaly’s maiden drill program in 2012.