CZR - CZR Resources

[Dona Ferentes]

Investment Proposition
• Market Cap $64m (@ 27c)
• $69m cash in bank, debt free
• Fully funded – no dilutive equity raisings
• Drilling imminent at Croydon gold project, along strike from Hemi
• Drilling at Edamurta copper to start in Q4, chasing Golden Grove style VMS
• Further upside with Yarraloola iron ore drilling planned for Q4

Investor presentation out...

interesting .. will follow

 

[frugal.rock]

Is there any relationship between KZR and CZR ??
Why Creasy sold his large chunk if he believe on this?
DNH

I'm not aware of any relationship between the two? But that doesn't mean much.
Which stock has Creasy sold out of?

I'm not seeing anything stating he has sold his large chunk of either stocks mentioned?

 

[frugal.rock]

The Company Announcements Office, ASX Limited 17 September, 2025

Drilling commences at Croydon gold project

Known shallow high-grade mineralisation and underlying anomalies highlight strong
potential for repeats of the nearby +11Moz Hemi deposit
With $69m in the bank, CZR is assessing its capital management options

• CZR has commenced an aircore drilling program at its Croydon gold project, located along strike
from Northern Star Resources’ 11.2Moz Hemi deposit
• The initial drill program will include ~180 aircore holes to test a 6km-long gravity anomaly
• Following receipt of assay results from the aircore drilling and final heritage clearance, CZR will
commence an expanded ~8,000m RC drilling program at Croydon’s Top Camp, Bottom Camp and
Eastern Block, targeting extensions to near-surface gold mineralisation and buried Hemi-style intrusions

• CZR confirmed the Croydon gold discovery with limited drilling in 2019-2020 intersecting shallow
high-grade gold at the Top Camp and Bottom Camp prospects. Results included:
• 27m at 3.2g/t Au from 135m in CRC007
• 8m at 1.7g/t Au from 66m in CRC018
• 2m at 22g/t Au from 7m in CRC021; and
• 5m at 3.2g/t Au from 132m in CRC032
• Following the completion of the Robe Mesa iron ore sale on 9 September 2025, CZR has cleared
all outstanding loans, is debt-free and currently holds cash of ~$69m1
• The strong cash balance means CZR has ample funding for its accelerated exploration programs
at the Croydon Gold, Edamurta Copper and Yarraloola Iron Ore Projects
• CZR is also actively assessing capital management strategies, and is working with its tax consultants to assess the most effective structure and timing for this to occur CZR Resources Ltd (ASX: CZR) is pleased to announce that drilling has commenced at its Croydon gold project in WA’s Pilbara.

CZR Managing Director Stefan Murphy said
“This is the great opportunity we have been waiting for.
Our initial drilling program showed that Croydon is a large mineralised system in the same geological
corridor as the huge Hemi gold deposit nearby, but for the past few years we have not had the funds
to properly pursue it.

With the Robe Mesa transaction complete and money in the bank, we are not wasting any time.
The fact that we have drill rigs on site just one week after closing that deal shows how excited we are about the possibilities at Croydon.

Croydon is only 50km from the exceptional 11.2 Moz Hemi gold discovery, and with existing high-
grade, shallow gold mineralisation already established, there is scope for further repetitions of Hemi-
style intrusive systems.

Aircore drilling the Eastern Block marks a new stage in exploration at Croydon, testing a highly
prospective area with similar geological setting to Hemi where no drilling has been undertaken
previously.
Once we collate the results from this program, we intend to commence RC drilling on the Eastern Block. We will also return to the Top Camp and Bottom Camp prospects to test for extensions to the current mineralisation and then test deeper targets for Hemi-style intrusions in the coming quarter”.

 

[Miner]

I'm not aware of any relationship between the two? But that doesn't mean much.
Which stock has Creasy sold out of?

I'm not seeing anything stating he has sold his large chunk of either stocks mentioned?

OK @frugal.rock I could have made errors. Thanks for checking

 

[Dona Ferentes]

OK @frugal.rock I could have made errors. Thanks for checking

seems like they're clearing the decks - Robe Mesa is iron ore, so perhaps not their forte?
While Mark C is a significant holder, who controls the decisions; him and / or the board?

Croydon looks to be the "risk adjusted " play. ... but 50 km is a long way from Hemi.

 

[Dona Ferentes]

25 Sept - Annual report

REVIEW OF OPERATIONS
Introduction
CZR is a Western Australia focused mineral exploration and development company with five projects, all in joint-venture with its major shareholder, Mr Mark Creasy.

CZR’s primary development asset was the Robe Mesa iron ore deposit, part of the Yarraloola project. The Company announced the results of the Definitive Feasibility Studyin October 2023, targeting a production rate of 3.5Mtpa - 5Mtpa over an initial 8-year mine life.

Post the reporting period, CZR announced on 09 September 2025 that it had completed the sale of Robe Mesa project to North Mining Limited (Rio Tinto Limited), Robe River Mining Co Pty Ltd (an indirectly 60% owned subsidiary of Rio Tinto Limited and 40% owned by Mitsui Iron Ore Development) and Mitsui Iron Ore Development Pty Ltd (a wholly-owned subsidiary of Mitsui & Co Ltd) for cash consideration of A$75 million.

Following completion of the RRJV Transaction, CZR will be fully funded to focus on its advanced exploration assets, including the Croydon gold project located 50km along strike from the 11.2Moz Hemi gold deposit, the Edamurta copper-zinc VMS deposit, located only 45km west of the world-class Golden Grove copper-zinc-gold-silver deposits and its retained Yarraloola iron ore interests in the West Pilbara.

Each project is located close to critical infrastructure (Figure 1) and in well serviced mining jurisdictions. ...