African cobalt play Cazaly Resources (ASX:CAZ) is preparing for more success at its Namibian Kaoko Kobalt project, having completed a positive initial EM survey.
The survey, which was conducted by the same airborne studies squad as neighbours Celsius Resources (ASX:CLA) and Namibian Critical Metals (TSM:NMI), covered five separate blocks within the Kaoko project.
Early signs look positive, with the airborne EM study uncovering a series of conductive zones, highlighting the potential to hold sediment-hosted mineralisation and possible feeder zones in structurally complex areas.
Cazaly believes there is a strong correlation between the conductive targets and higher cobalt values.
The Kaoko project lies along the probable continuation of Celsius Resources’ Opuwo cobalt-copper bearing dolomite ore formation (DOF) horizon and the additional exploration continues to add weight to the theory of an extended ore body.
Celsius Resources has made headlines with its prolific Opuwo project, declaring a staggering maiden resource of 112Mt at 0.11 percent cobalt and 0.41 percent copper.
Cazaly has said that its abutting project has a history of cursory exploration, which unveiled widespread base metal mineralisation and is now making a determined push to understand the geology.
At the time of project acquisition, joint managing director Clive Jones doubled down on the geological potential at Kaoko, stating:
This region in Namibia appears to be a significant emerging cobalt bearing belt having remarkable similarities with the Central African Copperbelt in the DRC and Zambia.”
Cazaly will look to complete more detailed data modelling to characterise the newly identified conductors and then look at supplementary exploration.
The company has confirmed that infill soil sampling, further SkyTEM data modelling and drilling are all options on the table for future exploration.
