CZR

About CZR

CZR Resource Ltd (CZR), a Western Australia-focused mineral exploration and development company, has recently approved the sale of its Robe Mesa Iron Ore Project for $102 million. The transaction is expected to receive FIRB and Chinese Government approvals next month.

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What does CZR Resources Ltd (CZR) do?

What doesn't it do? CZR Resources is an explorer and developer of gold, copper, iron ore, vanadiferous magnetite, lead, zinc, and silver.

Based in West Perth, CZR Resources is currently running five exploration projects:

• Yarraloola Iron Ore Project — Located 140 kilometres south-west of Karratha and 100 kilometres east of Onslow, Yarraloola is rich in two types of iron-ore mineralisation: magnetite and channel iron ore. CZR Resources holds an 85% interest in the project.

• Buddadoo Gold Project — With a surface area of 303 square kilometres, the Buddadoo project covers part of the Gullewa Greenstone Belt, approximately 200 kilometres east of the port of Geraldton. The project has significant potential for gold mineralisation. As with Yarraloola, CZR Resources holds an 85% interest.

• Croydon Gold Project — Located in the Mallina Basin region between Karratha and Port Hedland, the surface area of this project is 320 square kilometres. The area has been assessed to potentially deliver large-scale gold deposits. CZR Resources holds a 70% interest.

• Shepherds Well Project — Located 60 kilometres south-west of Karratha and covering a surface area of 77 square kilometres, the project has identified an advanced nickel prospect at Dorper, a base metals prospect (lead-zinc-silver) at Suffolk and a rare earth prospect at Awassi. CZR Resources holds a 70% interest.

• Yarrie Iron Ore Project — Comprising six granted exploration licences, the project covers 360 square kilometres and is located around 160 kilometres east of Port Hedland. The project includes geology that extends from BHP’s own Yarrie iron ore project. CZR Resources holds a 70% interest.

CZR Resources was formerly known as Coziron Resources Limited. After shareholder approval, the company changed its name in September 2020.

Is CZR Resources a profitable company?

No, CZR Resources is not a profitable company. The company has reported zero revenue and net losses since FY2012.

CZR Resources’ net losses also appear to have deepened throughout FY2019, FY2020 and FY2021 at A$1.67m, A$3.68m and A$3.98m, respectively.

As of 31 December 2021, the company holds A$5.278m of cash on its books.

Is CZR stock a buy?

From June 2021 through to 13 April 2022, CZR stock price hovered a little under or over the A$0.01 mark. But on 14 April 2022, CZR share price began to climb, eventually hitting a high of A$0.016. By 20 April 2022, CZR stock had reached A$0.021, effectively more than double the average price at which the stock sat for the 10 months between June 2021 and April 2022.

As the company had made no significant announcements, the ASX sent CZR Resources a price and volume query to which the company explained the sudden price jump:

“The Company is aware of an article written by Tim Treadgold and published today by Small

Caps titled “Iron ore juniors attracting local billionaires” in which the author states “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”. The article also includes a section titled “Could Rio Tinto make a play?” Other than

the possible speculation included in the article all detailed information contained in the article

has previously been announced.”

While the real reason for CZR stock’s jump isn’t definitively explained, some investors reason the jump is due to the Russia-Ukraine war and the macroeconomic pressures the conflict has created. For these reasons, these investors believe CZR stock is a buy.

Other investors remain bearish as CZR Resources has not recently reported any conclusive, positive news or positive earnings.

Does CZR stock pay dividends?

CZR Resources has no history of paying dividends to shareholders. In its annual FY2021 report, the company stated:

“The directors do not recommend the payment of a dividend and no amount has been paid or declared by way of a dividend to the date of this report.”

Who owns CZR stock?

Private companies hold the majority of CZR stock at 49.2% of the total float. The general public comes in second, holding 34.2% of the company’s stock.

Highly successful, billionaire prospector Mark Creasy is by far the largest shareholder. Via his company Yandal Investments, Creasy holds 45.21%. He also holds 10.07% as an individual.

Other significant shareholders include Lowell Resources Funds Management (1.2%), former Director Adam Sierakowski-Dutton (0.94%), former Director Stephen Lowe (0.85%) and Botsis Holdings (0.83%).

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