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Caspin Resources Limited (ASX:CPN)

ALERT: Price-sensitive ASX Announcement for CPN
Current share price for CPN : $0.110 0.011 (11.11%)+
Announcement
Release
9 Jun 2026 8:31AM
Price at Release
$0.099
Full Release
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Summary
Caspin Resources Limited has identified a high-priority drill target at the Moss Prospect, located near the Kelpie Tin Deposit. Recent exploration data, including IP surveys and soil geochemistry, have revealed features that are strikingly similar to those associated with mineralisation at Kelpie. These datasets have outlined a significant tin anomaly at the intersection of a major structural feature and the Ardlethan Granite contact. The Moss Prospect has become the most promising target outside of the existing Kelpie resource within the Bygoo Project. A broad, initial reconnaissance drill program is planned to test the mineralised granite-rhyolite contact. Preparations for drilling are ongoing, with operations expected to start shortly after the current drilling program at Kelpie concludes.
Key Points
  • Caspin Resources Limited has identified a high-priority drill target at the Moss Prospect.
  • IP data shows a strong chargeable and resistive feature similar to mineralised structures at Kelpie.
  • Soil geochemistry outlines a tin anomaly at the intersection of this feature and the Ardlethan Granite contact.
  • Multiple datasets align at the Moss location, indicating a geological setting similar to the Kelpie Deposit.
  • The Moss Prospect is the most prospective current target outside of the Kelpie resource in the Bygoo Project.
  • The initial drilling at Moss will be a reconnaissance-style program to test the granite-rhyolite contact.
  • Preparation for drill sites is underway, with drilling set to commence after the current Kelpie program.
  • Caspin's work program includes further RC drilling, IP surveys, gravity surveys, and additional soil sampling.
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.