Cazaly Resources Limited announced further results from reconnaissance mapping and rock chip sampling at its Bungonia Cobalt project in New South Wales. A second round of results further highlights the significant high grade cobalt mineralisation within the Project, with the potential for the region further enhanced by the number of new sites discovered and the identification of new basement style mineralisation. The company has recently collected further rock chip samples in addition to the samples reported in November, with sampling and mapping carried out on five of the prospects sampled in November as well as seven new areas not previously tested by the company. This second round of work also progressed landowner negotiations in a number of key areas, enabling more detailed work and mapping in some areas, which identified significant extensions to known mineralisation and provided a better understanding of the geology. Significantly, this has also resulted in the discovery of what appears to be primary bedrock manganese/cobalt mineralisation previously not identified. Successful access negotiations enabled further sampling and mapping to be completed on this historic deposit. Mapping was able to extend mineralisation to the west for over 700m and remains open. These results are in addition to first pass sampling which resulted in 3 samples averaging 0.72% Co and peaking at 1.07% Co. Manganiferous cobalt bearing grits are exposed on a small hill with potential for further extensions beneath soil cover to the west. The presence of iron rich units normally capping the cobalt bearing unit indicate potential for a full intact profile at Avanti which is a high priority drill target in 2018. Inverary: Peak value 1.65% Co Two new areas were prospected over outcropping manganiferous grits in the Inverary area and returned an assay of 1.65% cobalt. This is in addition and separate to previously identified cobalt bearing grits exposed over approximately 700m of strike. Further work is planned in 2018 including defining targets for shallow drilling. This group comprises historic deposits 1 km south of Angel Myst. The principal deposit was recently sampled after successful access negotiations and resulted in very high cobalt values (averaging above 1.0% Co). Access agreements are being negotiated with other landowners in this area to allow more substantial follow up and possible drilling in 2018. Additional road sampling has confirmed widespread cobalt rich manganiferous grits at the Brooklyn prospect. The grits are exposed in road cuttings at 620 to 640m RL which is the targeted range for cobalt rich units in this area. The results support previous sampling and are similar to the high grade as sampling announced in November. A large boulder of grit was sampled from a small roadside trench and supports previous sampling from November. This area is of interest as there are large properties with open undulating hills in the 620m to 640m RL range. A number of new areas were identified during the second phase of work at the Bungonia Cobalt Project. Initial mapping and sampling confirms the presence of cobalt in rock chips requiring follow up. Two of these areas are significant as they are not documented previously and highlight the potential for fresh discoveries in the area.