The profit of renowned but reclusive mining billionaire Mark Creasy's private investment and exploration vehicle fell to $19.8 million in the 2025 financial year.
Fenix Resources is yet to decide whether it will match a bid for Mark Creasy's CZR Resources before Easter, as it navigates a three-way bidding war for the Robe Mesa iron ore project.
Iron giant Rio Tinto has upped the stakes in the bidding war for a Pilbara iron ore project backed by Rich Lister prospector Mark Creasy which sits on the miner's doorstep.
Iron ore minnow Gold Valley Group has made a last-minute bid to snatch Mark Creasy's CZR Resources from the clutches of Fenix Resources for a premium price.
Mid West miner Fenix Resources plans to muscle in on the Pilbara's iron ore industry via acquisition of billionaire prospector Mark Creasy's CZR Resources.
Junior miner CZR Resources has approved another statutory deadline extension in regard to the sale of its Robe Mesa iron ore project to Miracle Iron Resources.
CZR Resources shares have soared after the junior miner announced on Thursday it had sold its 85 per cent stake in the Robe Mesa iron ore project for $102 million.
CZR Resources has inked an option agreement to acquire a granted exploration tenement just 70km south of the Port of Ashburton as it ponders a potential stockyard and haulage depot to service iron ore exports. Apart from its potential as an infrastructure hub, management says its new tenement also hosts the Mt Minnie project, which is prospective for copper-gold mineralisation.
CZR Resources has cranked up its Pilbara-based Robe Mesa iron ore reserves by a massive 230 per cent to 27.3 million tonnes at 55 per cent iron, or 62.2 per cent iron after calcining. The reserves underpin an initial eight-year mine plan production of 3.5 million tonnes per annum with a cash cost of $57/t. CZR says there is still more scope for project growth.
CZR Resources has its sights set on more resource growth at its Robe Mesa iron ore development in the Pilbara after acquiring an adjoining tenement to Rio Tinto's Mesa F project from Fortescue. After acquiring the ground CZR has expanded its strike length of the company's P529 deposit to 1.1km. The deposit is only five kilometres from CZR's 45.2 million tonne Robe Mesa iron ore project.
Multi-commodity explorer CZR Resources has closed the book on a memorable 2022 after tabling several highlights in its December activities report including a monster 83 per cent increase in the tonnage of its Robe Mesa iron-ore deposit in the Pilbara region of WA. The asset now tips the scale at 45.2 million tonnes and retains its 56 per cent iron grade despite the massive inventory boost.
CZR Resources is a step closer to production at its Robe Mesa iron ore project after receiving mining approval from the Department of Mines, Industry Regulation and Safety for two of the site's key deposits. The approval has been granted for the company's Robe Mesa and P529 deposits that respectively sit north and south of Rio Tinto's Mesa F project around 120km from Karratha in the Pilbara region of WA.
CZR Resources has struck a native title deal with the Robe River Kuruma people which will see the company place a high priority on protecting country as it presses ahead with plans to join the rank
CZR Resources has expanded its Robe Mesa project in the Pilbara after agreeing to acquire a nearby tenement from Fortescue Metals Group subsidiary FMG Pilbara to the south of Rio Tinto's Mesa F iron ore project. Subject to the completion of the sale, the company will make a cash payment of $150,000 to Fortescue in addition to 3.3 million CZR shares and a 1 per cent free-on-board revenue royalty covering any future production from the site.
ASX-listed Pilbara iron ore explorer CZR Resources has boosted the mineral resource at its Robe Mesa project in the shadow of a prolific Rio Tinto mine precinct by 20 per cent to 45.2 million tonne
Multicommodity explorer CZR Resources is ramping up its gold hunt in the Mallina Basin, home to DeGrey's 8.5-million-ounce gold discovery, in Western Australia's Pilbara goldfields. The company has commenced a ground gravity survey at its Croydon project targeting intrusion-related gold mineralisation where previous drilling has unearthed 8m running at 10.2 g/t from 135m.
55 RC holes plunged across the northern bank of CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have delivered the highest grades of direct shipping ore mineralisation at the operation to-date with an average of 56 per cent iron. The company says the northern extension sits outside of the operation's current 37.5 million tonne resource and underlines the venture's development upside.
Initial assays from extensional RC drilling at CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have confirmed significant direct shipping ore mineralisation beneath the asset's pre-feasibility study pit. The company says the material's average grades of about 55.6 per cent iron align with its targeted production figures and reinforce its strategic plan to lift production and mine life once in operation.
A strategic alliance between CZR Resources and Red Hill Iron has been forged to co-operate on developing shared haulage and port infrastructure that supports the companies neighbouring Pilbara iron ore developments. CZR says an agreement has been signed in a bid to lower capital costs as it steers towards releasing a definitive feasibility study on its Robe Mesa iron ore deposit.
CZR Resources has moved swiftly to kick off drilling in order to establish a definitive feasibility study for its Robe Mesa iron ore project in WA's Pilbara region after receiving heritage approval last month. The company is targeting the northern extension of Rio Tinto's neighbouring Mesa F deposit as it aims to grow its iron ore inventory and increase production rate up to three million tonnes per annum from 2mtpa as outlined in CZR's pre-feasibility study.
CZR Resources has been cleared to fast-track drilling after receiving heritage approval that it hopes will lead to a 1.6km expansion of its strike length at the northern extension of its Robe Mesa iron ore project in WA's Pilbara region. The deposit forms part of CZR's Yarraloola iron ore project, 120km south-west of Karratha. The company says heritage clearance allows it to drill along strike to the north of Robe Mesa's current mineral resource.
CZR Resources has increased the mineral resource at its Robe Mesa iron ore project in the Pilbara by more than 50 per cent whilst maintaining an iron ore grade of 56 per cent. Assay results reported in March revealed extensive direct shipping iron ore outside the prefeasibility study pit designs. The deposit's JORC mineral resource has increased from 24.7 million tonnes to 37.5Mt.
West Australian iron ore player CZR Resources has received more assays that seemingly support its strategy to grow mine life and production rates at its Robe Mesa iron ore project in the west Pilbara. The company says the project is poised for significant growth as the latest assays continue to reveal extensive direct shipping ore mineralisation from the surface and outside the resource area.
CZR Resources has received assays from the first 55 holes of a larger drill campaign that indicate the potential for a massive upgrade to direct shipping iron ore resources at Robe Mesa in the Pilbara. Resource increases are anticipated from extensive mineralized hits outside current resource blocks and from the lower ore horizon below existing pit designs.
CZR Resources has wrapped up an infill drilling campaign designed to grow the reserves and boost anticipated production from 2mt to 3mt per annum at its Robe Mesa iron ore deposit in WA . The updated reserve estimate will feed into an ongoing definitive feasibility study that will benefit from the infill drilling campaign consisting of 164 RC holes for 7,803 metres within the resource envelope.
CZR Resources has appointed experienced geologist Stefan Murphy as its new Managing Director. Murphy was most recently the CEO of Northern Territory iron ore developer Nathan River Resources.
ASX-listed aspiring gold and iron ore developer, CZR Resources has cranked up a 7,800m infill reverse circulation drilling program as a key part of the definitive feasibility study underway on its 85 per cent-owned Robe Mesa iron ore project in WA's Pilbara. The drilling is aimed at growing the indicated resource and further de-risking the project in tandem with ongoing technical and economic studies.
Mount Gibson Iron's Shine project in the Mid West could become the fourth iron ore mine to halt operations this month after the company called a trading halt.
GWR Group has become the fourth junior iron ore company to suspend operations or review its strategy in light of the dramatic fall in the commodity's price.
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