#capriceresources

Caprice Resources (ASX:CRS) has delivered an impressive March 2025 quarterly report, underscoring significant exploration success at its Island Gold Project in Western Australia's Murchison Goldfields. The company’s efforts have revealed high-grade gold intercepts, new discoveries, and a strong cash position to drive future exploration.

🔍 Key Highlights:

41 RC drill holes completed, totalling 4,763 metres

Outstanding assay results reaching up to 34.9g/t gold

Thick, stacked gold zones remain open in all directions

New discovery zone identified 250m south of Vadrians

⛏️ Notable Drill Intersections:

28m @ 6.4g/t gold, including 4m @ 16.4g/t

22m @ 2.3g/t, with 2m @ 14.1g/t

11m @ 6.7g/t from just 1m downhole

10m @ 3.0g/t, including 4m @ 6.2g/t

💼 Corporate & Strategic Developments:

Raised $2.3 million+ from early option conversions

Entered a $1 million drill-for-equity deal with Topdrill

Welcomed seasoned geologist Rob Waugh as Non-Executive Chair

Commenced Phase 3 drilling campaign (5,000m) – assay results expected June 2025

Maintained a robust cash balance of $2.66 million as of 31 March 2025

🔭 Growth Pipeline:

Over 30 untested structural targets identified

Two new tenement applications lodged to double the project footprint

Active fieldwork ongoing at Cuddingwarra, with permits advancing at West Arunta

📈 Investor Outlook:

Caprice shares (ASX:CRS) are trading at $0.052, reflecting increased investor optimism driven by strong exploration results and strategic financial positioning. With drilling well underway and multiple high-impact targets, Caprice is shaping up as a serious exploration contender in WA’s mineral-rich terrain.

The company isn’t just uncovering gold—it’s building a multi-commodity platform, targeting gold, rare earths (REEs), and critical minerals across Western Australia. With experienced leadership, a strong balance sheet, and an aggressive exploration roadmap, Caprice is well-positioned for long-term value creation.

High grades, smart strategy, and solid cash reserves—Caprice is moving full speed ahead.

📄 Read the full announcement: https://colitco.com/caprice-ramps-up-exploration-gold-hits/

Caprice Resources (ASX:CRS) has wrapped up a stellar March quarter at its flagship Island Gold Project in the Murchison Goldfields, WA – delivering high-grade gold intercepts, a strategic cash position, and major exploration progress.

Quarterly Highlights: ⛏️ 41 RC holes drilled (4,763m total)

✨ Exceptional assays up to 34.9g/t gold ⛓️ Multiple thick, stacked gold zones still open in all directions ⭐ New discovery 250m south of Vadrians

Standout Drill Hits:

28m @ 6.4g/t incl. 4m @ 16.4g/t

22m @ 2.3g/t incl. 2m @ 14.1g/t

11m @ 6.7g/t from just 1m downhole

10m @ 3.0g/t incl. 4m @ 6.2g/t

Corporate & Strategic Progress:

💰 $2.3M+ raised through early option exercises 🤝 Secured a $1M drill-for-equity agreement with Topdrill ⭐ Appointed experienced explorer Rob Waugh as Non-Executive Chair ⚒️ Phase 3 Drilling (5,000m) underway – assays expected June 2025 💼 $2.66M cash in the bank as at 31 March 2025 – strong position to fund aggressive exploration

Forward Momentum:

30+ untested structural targets identified

Two new tenement applications to double project area

Fieldwork at Cuddingwarra & permits progressing at West Arunta

Investor’s Outlook:

Caprice Resources (ASX:CRS) is currently trading at $0.052, reflecting growing investor confidence following its latest high-grade gold hits and strategic funding milestones. With a market-moving pipeline of exploration activity and strong cash reserves, Caprice continues to position itself as a serious contender in WA’s resource-rich landscape. The ongoing Phase 3 drilling campaign and upcoming assay results are likely to provide further catalysts for shareholder value.

Big grades, strong leadership, solid cash – Caprice is charging ahead!

🔗 Read the full announcement: https://api.investi.com.au/api/announcements/crs/8054321d-d71.pdf

Caprice Resources Ltd (ASX: CRS) has launched its 5,000m Phase 3 RC drill program at the Island Gold Project, aiming to unlock previously unrecognised, high-grade structurally controlled gold targets. Early drilling focuses include:

28m @ 6.4g/t Au from 114m downhole (Vadrains follow-up)

22m @ 2.3g/t Au from 168m and 2m @ 14.1g/t Au (Evening Star discovery)

Southern strike extension drilling at New Orient Gold Mine

Testing "Break of Day" style structural targets across a 5km prospective corridor

⚒️ 2025 Exploration Strategy

RC drilling underway targeting multiple high-grade zones

First assay results expected in June

Over 30 structural targets along the high-potential corridor to be systematically tested

Focus on both near-surface and deeper high-grade gold discoveries

🏅 Project Highlights

Five kilometres of underexplored, highly prospective strike

Historic drilling mainly shallow—significant depth potential

Close to established gold processing facilities in WA’s Murchison district

Well-funded to complete the drilling program

🗣️ CEO, Luke Cox, commented: "The Phase 3 drill programme has commenced, and we will continue testing this highly prospective corridor through Baxters, Vadrains and the new discovery at Evening Star, before moving north to test several Break of Day style structural high-grade gold targets, and southern extension to the New Orient Gold Mine. The focus is to deliver a significant maiden high-grade gold resource at Caprice’s Island Gold Project, which is strategically located between Ramelius Resources Ltd and Westgold Resources Ltd gold processing facilities in the highly prospective Murchison district of Western Australia."

📈 Investor’s Outlook: ASX: CRS last traded at A$0.051. Caprice is positioning itself to deliver a significant maiden high-grade gold resource in 2025, supported by aggressive drilling and strategic location advantages. Gold prices remain robust, supported by global economic uncertainty, strong central bank buying, and safe-haven demand—further enhancing the upside potential for emerging gold explorers like Caprice.

🔗 Read the full announcement - https://api.investi.com.au/api/announcements/crs/14d15ea1-bbe.pdf

Caprice Resources Ltd (ASX: CRS) has signed a $1 million drill-for-equity agreement with Topdrill Pty Ltd, strengthening its ability to execute a 30,000m+ drill campaign targeting high-grade gold at the Island and Cuddingwarra Gold Projects in WA’s prolific Murchison Goldfields.

The agreement highlights: ✅ $1M value in drilling services convertible to CRS shares

✅ Up to 40% of drilling costs payable in equity at nil premium to 15-day VWAP ✅ Shares subject to 3-month escrow, agreement valid until 31 March 2026 ✅ No obligation to issue equity—Caprice retains payment flexibility

🗣️ CEO Luke Cox commented:

“We are pleased to enter into this drill-for-equity agreement which highlights the mutual recognition of the superior drilling services which Topdrill provide and the potential Caprice Resources equity appreciation that could occur with ongoing successful exploration. This agreement offers a capital-effective method to increase our drilling programmes across Caprice’s exciting gold projects in the Murchison Goldfield."

🚀 Strategic Path Forward – Island Gold Project (IGP):

📌 Phase 3 – 5,000m RC drilling starts April 2025 targeting Vadrians extensions and 30+ new structural targets 📌 POWs lodged, all approvals in place 📌 Tenement applications to double project footprint over highly prospective greenstones and BIFs

⚒️ Cuddingwarra Exploration (Q2 2025):

Geochemical sampling in April to refine gold targets

2,500m aircore drilling to test visible gold in quartz veins & northeast structural corridor near Westgold’s open pit

🏅 Project Highlights:

Thick, stacked high-grade lodes intersected in Phase 1 & 2 drilling

Lodes remain open in multiple directions

Strong potential for multiple near-surface and depth extensions

📈 Investor’s Outlook:

With strong funding, a flexible drilling agreement, and over 7,000m of drilling planned across two gold projects, Caprice is well positioned to deliver high-impact exploration results in 2025.

ASX: CRS last traded at A$0.052.

🔗 Read the full announcement - https://colitco.com/caprice-resources-signs-1-million-drill-for-equity-agreement-with-topdrill/

Caprice Resources Ltd (ASX: CRS) is pleased to announce the appointment of highly respected geoscientist and exploration executive Rob Waugh as Non-Executive Chair of the Company.

Rob brings decades of experience across gold, copper, nickel, PGEs, uranium, and lithium, having worked with major companies like WMC and BHP, and most notably led Musgrave Minerals (ASX: MGV) through IPO to its $200M+ acquisition by Ramelius Resources (ASX: RMS) in 2023.

His track record includes key roles in the discovery of:

✅ Nebo-Babel Ni-Cu (West Musgrave, WA) ✅ Cobbler Gold (Norseman) ✅ Duke Batman & Honeypot Uranium (QLD) ✅ Break of Day, White Heat & Big Sky Gold (Cue)

New Chair Rob Waugh commented:

“I’m excited to join the strong and dedicated team at Caprice who have done exceptional work in the last 12 months with outstanding results from the Island Gold Project near Cue in Western Australia and in securing a strong landholding in the emerging Arunta region of Western Australia. I look forward to contributing to the team to expand on this recent success.”

Outgoing Chair Glenn Whiddon will step down following a short transition. Caprice thanks him for his pivotal role in repositioning the Company with new assets, leadership, and funding.

📈 ASX: CRS last traded at A$0.047, as the Company continues to build momentum across its gold projects in Western Australia.

🔗 Read the full announcement - https://api.investi.com.au/api/announcements/crs/9a4712ce-283.pdf

Caprice Resources Ltd (ASX: CRS) is making significant strides at its Island Gold Project, with Phase 2 RC drilling confirming thick, high-grade gold mineralisation across multiple targets.

📈 Current Share Price: $0.064

📊 Key Exploration Highlights:

✅ Vadrians Prospect:

11m @ 6.7 g/t gold from 1m, including 7m @ 10.2 g/t gold

28m @ 6.4 g/t gold from 114m (previously reported)

Mineralisation extended to 250m along strike, open in all directions

✅ New Discovery – Vadrians Repeat Structure:

22m @ 2.3 g/t gold from 168m, including 2m @ 14.1 g/t gold

✅ Baxter Prospect:

10m @ 3.0 g/t gold from 13m, including 4m @ 6.2 g/t gold

4m @ 5.4 g/t gold from 102m, including 3m @ 6.9 g/t gold

📢 CEO Luke Cox stated: “These exceptional Phase 2 drill results build upon our previous success, consistently demonstrating high-grade gold mineralisation. A proof-of-concept drill hole 250m south of Vadrians has confirmed significant gold mineralisation, open in all directions, further strengthening the district’s immense potential.

With over 5km of underexplored strike hosting multiple high-grade targets, our upcoming 5,000m Phase 3 drill programme will focus on new cross-cutting structural gold targets, advancing us toward defining a significant maiden high-grade gold resource.”

📊 Investor Outlook: With multiple high-grade discoveries, over 30 untested gold targets, and solid financial backing, Caprice Resources is well-positioned to unlock the full potential of the Island Gold Project. The project is strategically located between Ramelius Resources Ltd and Westgold Resources Ltd processing facilities.

📢 What’s Next? 🔹 5,000m RC drilling planned for Q2 CY2025 🔹 Targeting high-grade cross-cutting structural zones 🔹 Advancing towards a significant maiden gold resource

⚠️ Disclaimer: This is not financial advice. Please conduct your own research before making investment decisions.

Caprice Resources Ltd (ASX: CRS) continues to advance exploration at its Island Gold Project, with Phase 2 RC drilling confirming thick, high-grade gold mineralisation across multiple targets.

📈 Current Share Price: $0.064

📊 Key Exploration Highlights:

✅ Vadrians Prospect:

11m @ 6.7 g/t gold from 1m, including 7m @ 10.2 g/t gold

28m @ 6.4 g/t gold from 114m (previously reported)

Mineralisation extended to 250m along strike, open in all directions

✅ New Discovery – Vadrians Repeat Structure:

22m @ 2.3 g/t gold from 168m, including 2m @ 14.1 g/t gold

✅ Baxter Prospect:

10m @ 3.0 g/t gold from 13m, including 4m @ 6.2 g/t gold

4m @ 5.4 g/t gold from 102m, including 3m @ 6.9 g/t gold

📢 CEO Luke Cox commented:

"These exceptional Phase 2 drill results expand on the success of Phase 1, consistently confirming high-grade gold mineralisation. A proof-of-concept drill hole 250m south of Vadrians has uncovered significant gold mineralisation, open in all directions, reinforcing the district’s immense potential.

With over 5km of underexplored strike hosting numerous high-grade targets, our upcoming 5,000m Phase 3 drill programme will test new cross-cutting structural gold targets, advancing us toward a significant maiden high-grade gold resource."

📊 Investor Outlook:

With multiple high-grade discoveries, over 30 untested gold targets, and strong financial backing, Caprice Resources is well-positioned to unlock the full potential of the Island Gold Project, strategically located between Ramelius Resources Ltd and Westgold Resources Ltd processing facilities.

📢 What’s Next?

🔹 5,000m RC drill program planned for Q2 CY2025 🔹 Further testing of high-grade cross-cutting structural targets 🔹 Advancing towards a significant maiden resource

⚠️ This is not investment advice. Please do your own research before making any investment decisions.

Caprice Resources Ltd (ASX: CRS) has delivered a milestone half-year marked by exploration progress, leadership expansion, and strategic project acquisitions — reinforcing its commitment to unlocking value across Western Australia's most prospective gold, copper, and niobium regions.

🔍 Principal Activities:

The Group’s core focus remains on mineral exploration and evaluation, maintaining strong momentum throughout the reporting period.

📌 Review of Operations Highlights:

• 🔁 Roger Mason appointed as Non-Executive Director, following the resignation of Philip Re

• 👨‍💼 Luke Cox appointed CEO on 22 July 2024

• 🏞 Acquisition of Bantam Project (90% interest) in West Arunta (E80/5873, E80/5915, E80/5872, E80/5896)

• 🤝 Binding agreement with Rio Tinto Exploration to acquire tenement E80/5486

• 🎯 Strategic portfolio review to prioritise Murchison Gold and West Arunta copper-gold-niobium projects

• 💸 Second tranche of $1.584M placement completed, raising $0.579M before costs (13 Aug 2024)

• 🎁 15M incentive options issued to Directors, 8M performance rights awarded to CEO

• ✅ First tranche of $2.5M placement raised $1.754M before costs

💼 Financial Snapshot (H1 FY2025):

• 💵 Expenses aligned with growth initiatives and expanded exploration programs

• 💰 Cash balance strengthened to $1.72M (up from $885k as of 30 June 2024)

📈 Post-Reporting Period Highlights:

• ✔ $746k raised (Second tranche of placement – Jan 2025)

• 💥 $1.55M raised via early option exercises, supporting Island Gold drilling expansion

• 🎯 CEO granted additional 8M performance rights & 1M options under incentive plan

• 💳 $1M deferred payment completed for Bantam Project tenements (26 Feb 2025)

• 📤 9M facilitation shares issued for Bantam acquisition (28 Feb 2025)

📝 “Caprice Resources continues to strengthen its portfolio and leadership to drive long-term value for shareholders,” said Chairperson Glenn Whiddon in a report dated 14 March 2025.

📍Read More: https://api.investi.com.au/api/announcements/crs/0248ea58-9c1.pdf

⚠ This update is based on the official Interim Consolidated Financial Report. Not investment advice—please do your own research.