31 January 2013 ASX ANNOUNCEMENT

CAZALY RESOURCES LIMITED

CAZALY WELCOMES MINISTER'S DECISION ON ESPERANCE PORT

MUIOF

Cazaly Resources Limited (ASX: CAZ) ("Cazaly") welcomes the statement released today by Western Australian Transport Minister Troy Buswell MLA, giving the go-ahead for the procurement process for the development of the multi user iron ore facility (MUIOF) at Esperance Port.

Cazaly Resources Joint Managing Director Mr Clive Jones said, "Cazaly welcomes the Minister's decision and hopes it signals a greater determination on the part of the WA Government to push ahead with the development of much-needed iron ore facilities at Esperance. As was recently highlighted by the economic impact study* commissioned by the Yilgarn Iron Producers Association (YIPA), the development of a 10 million tonnes per annum iron ore facility at Esperance Port will provide a substantial economic boost for Western Australia and will revitalise the local economy of Esperance,

bringing hundreds of jobs and many millions of dollars in investment into the Goldfields/ Yilgarn region."
* http://yipa.com.au/doc/2013_01_25_Economic_Impact_Study_release_fin.pdf

Cazaly Resources is one of several companies with advanced iron ore projects in the region that would directly benefit from the development of a dedicated iron ore facility at Esperance.

"Our Parker Range Iron Ore Project has been waiting for some time for a viable Esperance port solution so it can be advanced to a development phase. While we've been waiting for the State Government to make a clear decision on Esperance, we've had to investigate other export options. Esperance remains our preferred port solution, but if Esperance isn't developed in time, we may have to look elsewhere. The process of developing the MUIOF at Esperance needs to be pushed forward without any further delay.
Hundreds of millions of dollars of mine infrastructure and development investment at iron ore projects all over the Yilgarn and Goldfields regions are dependent upon a clear timetable for development of the Esperance Port. Investors require certainty and transparency in the port development process and do
not want any further delays caused by Government indecision or bureaucratic confusion" ,said Mr Jones.

Clive Jones

Joint Managing Director

Cazaly Resources

Media Contact

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