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Caprice Resources Limited (ASX:CRS)

ALERT: Price-sensitive ASX Announcement for CRS
Current share price for CRS : $0.082 0.006 (7.89%)+
Announcement
Release
27 Apr 2026 9:31AM
Price at Release
$0.076
Full Release
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Summary
Caprice Resources Limited has entered into a binding agreement with Corella Resources Limited to divest a 75% interest in its West Arunta Project for a total consideration of $2.89 million. The transaction includes $2.7 million in cash and $190,000 in deferred equity in Corella. Caprice retains a free-carried interest through to a decision to mine, ensuring continued exposure to exploration success without further financial contribution. The divestment aligns with Caprice's strategic focus on advancing its key Island Gold Project and other regional targets. The transaction is expected to bolster Caprice’s financial position, increasing its cash reserves to approximately A$16.5 million, thereby enhancing the company's ability to fund further exploration initiatives across its Murchison gold assets.
Key Points
  • Caprice sells 75% of West Arunta Project to Corella for $2.89M.
  • $2.7M cash and $190,000 in Corella equity included in the deal.
  • Caprice retains free-carried interest through to decision to mine.
  • Focus on advancing Island Gold Project and other regional targets.
  • Transaction strengthens Caprice's financial position to $16.5M.
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.