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Caprice Resources Limited (ASX:CRS)

ALERT: Price-sensitive ASX Announcement for CRS
Current share price for CRS : $0.080 0.003 (3.90%)+
Announcement
Release
29 Apr 2026 9:31AM
Price at Release
$0.077
Full Release
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Summary
Caprice Resources Limited reported a productive March 2026 quarter with advancements in their Island Gold Project in Western Australia, notably expanding high-grade gold mineralization through a Phase 4 drilling program. The company maintained robust financial health with $13.8 million in cash and equivalents, supported by a successful $12.74 million equity placement. Despite a negative net cash flow from operating activities, substantial progress in exploration was noted. No new mining tenements were acquired or disposed of during the period.
Key Points
  • Caprice Resources Limited completed a highly productive March 2026 quarter with significant drilling results in the Murchison region.
  • The company completed the Phase 4 drilling program at the Island Gold Project, extending known zones of high-grade gold mineralization.
  • Net cash from operating activities was reported at -$277,000 for the current quarter, with substantial expenses in exploration and evaluation.
  • Caprice raised $12.74 million through an equity placement to fund exploration and drilling activities.
  • Cash and cash equivalents at the end of the period totaled $13.8 million, providing financial stability for ongoing projects.
  • The company reported no acquisitions or disposals of mining tenements during the quarter.
  • Significant assay results from the Vadrians prospect showed promising gold intercepts, including a new high-grade gold quartz reef discovery.
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.