The Yarraloola Project is located approximately 140 km southwest of Karratha and 100 km east of Onslow. The project hosts two styles of iron-ore mineralisation, including magnetite mineralisation at the Ashburton Prospect and channel iron-ore targets at the Peters Creek and Darnells prospects.
A field reconnaissance program in April 2026 identified potential Channel Iron Deposit (CID) mineralisation hosted by mesas and terraces comparable to the Robe Mesa setting. Several high-grade surface samples returned >54% Fe, with values reported up to approximately 60% Fe from Peters Creek and 57.5% Fe from Darnells.
CZR is evaluating the potential of the Ashburton Magnetite Deposit as a future source of high-quality magnetite concentrate. Key project advantages identified include clean concentrate chemistry, proximity to existing magnetite infrastructure and shallow fresh mineralisation at approximately 35–63 m depth. Reported significant intersections include:
137 m @ 28.3% Fe (YAR227).
82 m @ 32.2% Fe (YAR228).
121 m @ 26.4% Fe (YAR223).
