Cazaly Resources has secured ground access to the Cadix anomaly at its Abenab North Project in northern Namibia, clearing the final hurdle before advancing exploration activities at what it considers its highest-priority target.
Managing Director Tara French said fieldwork, including geophysical surveys and drill planning, is scheduled to begin in the third quarter of 2026.
The company plans to undertake baseline geological mapping, detailed magnetic surveys and finalise drill programme designs ahead of the commencement of field activities later this year. French said further updates would be provided as the exploration programme advances.
According to French, the Cadix anomaly is an untested magnetic target measuring more than 800 metres in diameter and is the largest magnetic feature identified within the EPL 9852 licence area. The target was identified following the reprocessing of regional aeromagnetic data and remains undrilled despite previous exploration work in the area.
“Cadix is the target we have been working towards since we first reprocessed the aeromagnetics and recognised the potential. The target is a large, coherent magnetic anomaly that remains untested and represents a rare opportunity. Securing access to this ground is a significant milestone and we expect to be on site in Q3 2026,” French said.
French noted that the Abenab North Project covers approximately 790 square kilometres within the Otavi Fold Belt in northern Namibia, about 450 kilometres from Windhoek.
The licence area is located approximately 20 kilometres from the historic Tsumeb Copper Mine, which produced 30 million tonnes of ore grading 4.3% copper, 3.5% zinc and 10% lead over a period of more than 90 years.
According to French, historical drilling by Kudu Minerals and Avonlea Minerals targeted smaller magnetic anomalies elsewhere on the licence and confirmed carbonatite-hosted rare earth element mineralisation.
Reported intersections included 45 metres grading 0.73% total rare earth oxides (TREO), including four metres at 2.53% TREO; 16.7 metres grading 0.66% TREO, including 1.2 metres at 1.89% TREO; and 39.7 metres grading 0.55% TREO, including 3.6 metres at 1.22% TREO.
French said the larger Cadix anomaly has not been drill-tested despite confirmed mineralisation in adjacent carbonatite targets, making it the company’s highest-priority exploration target within the project area.
