Annual report Quartz Hill Project EL 25296 for the period 2 November 2009 to 1 November 2010

Abstract

The Mineral Exploration Report on the Quartz Hill Project details exploration activities undertaken by Cazaly Resources Limited during the reporting period from 02 November 2009 to 01 November 2010. EL 25296 lies within the Harts Range province of the eastern Arunta block in the Northern Territory, approximately 150 km east-northeast of Alice Springs (Figure 1). The area is considered prospective for base metals, Nickel, Rare Earth Elements (REE's) and uranium. EL 25296 was acquired by Cazaly Iron Pty Ltd, a wholly owned subsidiary of Cazaly Resources Limited, in November 2006. The lease was subsequently packaged and vended into the listing of Newera Uranium Ltd (Newera), which occurred on 6 June 2006. Newera withdrew from the Joint Venture on 5 August 2009 and Cazaly regained management of the Project. Exploration activities undertaken by Cazaly during the reporting period were limited to desktop studies, including a review of the project geology and Newera's recent exploration.