Cazaly Resources entered into a MoU with AuKing Mining Limited

Cazaly Resources Limited (ASX: CAZ) announced that it had entered into a Memorandum of Understanding with AuKing Mining Limited to include the company’s Halls Creek Copper deposits in a mine scoping study to be done by AuKing. The study will define the feasibility of open pit and underground operations centered on AuKing’s Sandiego Cu-Zn-Ag deposit.

According to the MoU, both parties decided to cooperate via a mutual exchange of information to support the scoping study under the terms of a standard non-disclosure agreement. Both companies identify that there could be a substantial advantage in merging their resources in the scoping study and possible future development of a central mining hub at Sandiego with multiple feed options from the adjacent deposits.

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