Australian diversified minerals company Cazaly Resources has appointed Lycopodium Minerals to complete the prefeasibility study of the Parker Range Iron Ore project in the Yilgarn district of Western Australia.

Lycopodium’s clients include Rio Tinto, Fortescue Metals and Hancock Prospecting and it has a background of conducting iron ore projects in Western Australia, the company said.

The report, which is due to be complete by December 2009, is expected to confirm positive business case, Cazaly said.