CZR
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Company News
CZR Resources receives $75m offer for Robe Mesa project as bidding war intensifies
CZR Resources (ASX: CZR) has received a conditional $75 million proposal from three major international iron ore companies for its Robe Mesa project in Western Australia. The unsolicited proposal has been lodged by the Robe River JV, made up of Rio Tinto (ASX: RIO) (53%), Mitsui & Co (33%) and Nippon Steel Corporation (14%). If […]
Fenix Resources bids for CZR to create large-scale iron ore business in WA’s Pilbara
Fenix Resources (ASX: FEX) says partnering with CZR Resources (ASX: CZR) will create a large-scale, diversified mining and logistics business operating in Western Australia’s major iron ore regions. Fenix will bring its $56.1 million in cash and ongoing cash flow from its Mid-West operations to deploy into the development of CZR’s Robe Mesa iron ore […]
Market wrap: ASX 200 dips slightly despite energy rally
Despite a continuing rally for energy stocks on the back of a rising oil price, the Australian share market fell a little lower, following a volatile day on Wall Street. The energy sector was up 0.5% following rising oil prices which spiked to US$79 a barrel after the US and UK launched airstrikes on Houthi […]
CZR Resources strikes $102m deal for Robe Mesa iron ore project
CZR Resources (ASX: CZR) is set to gain new financial flexibility after signing a deal to sell its majority interest in the Robe Mesa iron ore project in Western Australia to a subsidiary of China’s Shenzhen Naao Jianglan Investment Company (SNIC). The $102 million CZR will receive from the sale of its wholly-owned subsidiary Zanthus […]
CZR Resources secures land at both ends of Rio Tinto’s iron ore project
Emerging iron ore producer CZR Resources (ASX: CZR) has scooped up highly strategic land holding immediately north and south of one of Rio Tinto’s (ASX: RIO) prized Pilbara deposits. Under a deal announced today, CZR will acquire from Fortescue Metals Group (ASX: FMG) a key tenement which covers the southern flank of Rio Tinto’s Mesa […]
Best assays yet point to more resource growth at CZR’s iron ore project
Emerging Western Australian iron ore producer CZR Resources (ASX: CZR) has unveiled the highest-grade assays yet from drilling at its Robe Mesa project in the Pilbara, which will feed into resource and reserve updates. Latest assays reveal the presence of more high-grade direct shipping ore (DSO) outside the boundaries of the existing resource. DSO is […]
Iron ore deals could boost a mining minnow
Marketing, not discovery, can be the biggest test for a small company trying to enter a bulk commodities business, which is why iron ore hopeful CZR Resources (ASX: CZR) could have just got a leg up. Rather than tackling the costly challenge of developing a mine, or being faced with selling ore at a discount […]
Iron ore juniors attracting local billionaires
Hidden gems are starting to emerge at the small end of the iron ore industry thanks to the growing interest of billionaire investors with low-profile CZR Resources (ASX: CZR) shaping as the stock to watch. Super-rich Gina Rinehart and Mark Creasy are leading the charge into small iron ore stocks as the price of the […]
Small iron ore plays to get a boost from big miner’s cash shower
Showers of cash from the big boys of iron ore over the next few weeks will increase investor interest among smaller players in Australia’s most profitable mining industry. BHP (ASX: BHP), Rio Tinto (ASX: RIO) and Fortescue Metals (ASX: FMG) are expected to unleash monster dividend payments when they report half and full year profit […]
Prospector uncovers 203 gold nuggets at Coziron Resources’ Croydon project in Pilbara
A prospector has discovered 203 gold nuggets across Coziron Resources’ (ASX: CZR) Top Camp and Middle Valley prospects at its Croydon project in Western Australia’s Pilbara, which has been home to similar nugget discoveries in recent years. The company revealed this morning that a prospector discovered the nuggets using a metal detector across the prospects. […]
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