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Caspin Resources Limited (ASX:CPN)

ALERT: Price-sensitive ASX Announcement for CPN
Current share price for CPN : $0.125 -0.01 (-7.41%)+
Announcement
Release
4 Feb 2026 9:18AM
Price at Release
$0.135
Full Release
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Summary
Caspin Resources Limited is actively conducting exploration activities at their Bygoo and Weethalle Projects in New South Wales. The company has launched a Phase 2 RC drill program at the Weethalle Gold Project, targeting new geochemical and geophysical anomalies. At the Bygoo Tin Project, a 5,000-meter RC drilling program is planned to expand the Kelpie Resource. This includes an Induced Polarisation Survey, supported by a NSW government program. Additionally, a soil geochemistry survey at Ardlethan East aims to develop new drill targets. The Weethalle site features promising gold-in-soil anomalies, while the Kelpie Tin Deposit has a significant resource with potential for expansion. Exploration at Ardlethan East is crucial to unlocking further mineralisation potential.
Key Points
  • Caspin Resources Limited has commenced multiple exploration programs at the Bygoo and Weethalle Projects in New South Wales.
  • A Phase 2 RC drill program has started at the Weethalle Gold Project to test new geochemical and geophysical anomalies.
  • Drilling at Bygoo Tin Project will begin immediately after the Weethalle drilling, focusing on a 5,000m RC program to expand the Kelpie Resource.
  • An Induced Polarisation Survey is underway at the Kelpie site, co-funded by the NSW government initiative.
  • A soil geochemistry survey is being conducted at Ardlethan East to develop new drill targets.
  • The Weethalle project aims to test a new gold-in-soil anomaly, with significant rock chip samples showing high gold content.
  • The Kelpie Tin Deposit resource stands at 3.94 million tonnes at 0.5% Sn, with potential to expand the resource further through ongoing drilling.
  • The Ardlethan East area is being explored for its mineralisation potential, with plans to use new soil survey data for further drilling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.