Cazaly Resources Identifies Major Rare Earth Potential in Namibia's Abenab North
Cazaly Resources Limited's recent report reveals a significant 800-meter magnetic anomaly in Namibia, which may position the country as a key player in rare earth elements. The findings could enhance Namibia's role in global clean energy supply chains.
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Cazaly Resources Limited's quarterly report details an 800-meter diameter magnetic anomaly at Abenab North in northern Namibia, potentially establishing the region as a significant source of rare earth elements (REEs). The report, covering the period ending March 31, 2026, indicates previous drilling has uncovered substantial REE enrichment, particularly at the Cadix anomaly.
Historical drill results show high grades of combined cerium, lanthanum, and neodymium oxides. Cazaly is finalizing access arrangements and plans to conduct ground activities shortly. The project's proximity to established infrastructure, including a smelter capable of treating complex concentrates, lowers capital entry barriers.
Cazaly's strong financial position, with A$5 million in cash and investments, supports this initiative. If successful, this discovery could significantly impact Namibia's role in global clean energy supply chains.
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