Winmar Resources Ltd Earns 51% Interest In Hamersley Iron Project; To Form Joint Venture With Cazaly Resources's Subsidiary

Winmar Resources Ltd announced that it has earned a 51% interest in the Hamersley Iron Ore Project (Tenements E47/1617 and M47/1450). Upon registration of the applicable transfers, the "Winmar Exploration Joint Venture" in respect of the Hamersley Project between Winmar and Cazaly Iron Pty Ltd (a wholly owned subsidiary of Cazaly Resources (ASX: CAZ)), will be formed. The participating interests of the joint venture parties are: Winmar 51% and Cazaly 49%. Winmar will continue to manage the project.Winmar has conducted a series of works programs at the Hamersley Project, designed to expedite its development. The Hamersley Project is located in the Tom Price Region of the Pilbara, in close proximity to Fortescue Metals' (ASX: FMG) Solomon project and Rio Tinto's (ASX: RIO) Marandoo and Brockman mines.