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Caspin Resources Limited (ASX:CPN)

ALERT: Price-sensitive ASX Announcement for CPN
Current share price for CPN : $0.145 0.052 (55.91%)+
Announcement
Release
3 Jun 2026 9:25AM
Price at Release
$0.093
Full Release
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Summary
Caspin Resources Limited has announced the discovery of a new high-grade lode position at the Kelpie Tin Deposit in New South Wales, Australia. This significant mineralisation, found on the Errol’s Fault Zone, is outside the existing resource and located on a previously un-drilled sub-parallel structure. The mineralisation appears to be increasing in thickness and tenor down plunge. Identified through an Induced Polarisation survey, this new structure has encouraged Caspin to conduct follow-up drilling to explore extensions further. The Kelpie Deposit, currently estimated at 3.94 million tonnes at 0.50% tin for 19,300 tonnes of contained tin, is being targeted through continued drilling efforts to assess the true width of structures and potential repetitions of mineralised structures.
Key Points
  • New high-grade lode position discovered at Kelpie Tin Deposit in NSW.
  • Significant mineralisation found on the Errol’s Fault Zone.
  • Mineralisation is outside existing resource on a previously un-drilled, sub-parallel structure.
  • Shallow mineralisation increasing in thickness and tenor down plunge.
  • New mineralised structure identified through an Induced Polarisation survey.
  • Caspin Resources Limited is conducting follow-up drilling to test extensions.
  • The latest results from RC drilling are from the Kelpie resource extension program.
  • The Kelpie Deposit is estimated at 3.94Mt @ 0.50% Sn for 19,300t of contained tin.
  • Drilling aims to test the true width of structures.
  • Caspin Resources Limited continues to evaluate potential repetitions of mineralised structures.
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.