BUZZ-Australia's Cazaly Resources rises on buying stake in gold project

Reuters

02-12

BUZZ-Australia's Cazaly Resources rises on buying stake in gold project

** Cazaly Resources CAZ.AX jumps 7.1% to A$0.015

** Mineral resources explorer signs term sheet with gold developer Brightstar Resources BTR.AX, earning up to 80% stake in Western Australia's Goongarrie Gold Project

** Says project has "several high priority gold drill targets with growth potential"

** Stock soared as much as 14.3% to A$0.016 earlier in the day to its highest since December 13, 2024

** BTR trades flat

** YTD, CAZ gains 25%, BTR up 10%

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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