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Caprice Resources Limited (ASX:CRS)

ALERT: Price-sensitive ASX Announcement for CRS
Current share price for CRS : $0.094 0.012 (14.63%)+
Announcement
Release
3 Jul 2026 9:35AM
Price at Release
$0.082
Full Release
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Summary
Caprice Resources Limited (ASX: CRS) has completed the divestment of a 75% interest in the West Arunta Project to Maverick Minerals Australia Limited (formerly Corella Resources Limited), as per a previously announced binding Heads of Agreement. The transaction, initially announced on 27 April 2026, involves a total consideration of A$2.89 million, including A$2.7 million in cash and A$190,000 in deferred equity. Caprice retains a free-carried interest through to the Decision to Mine and holds various percentage interests in different tenements. This strategic move allows Caprice to focus on its Murchison Gold Projects, enhancing financial flexibility and capacity for ongoing exploration and resource development. The company aims to deliver a maiden Mineral Resource Estimate for its Murchison projects, emphasizing shareholder value through exploration and technical excellence.
Key Points
  • Caprice completes divestment of 75% interest in West Arunta Project.
  • Total transaction value of A$2.89 million, with A$2.7 million cash received.
  • Caprice retains a free-carried interest and varying tenement interests.
  • Transaction strengthens Caprice's financial position for Murchison Gold Projects.
  • Focus on delivering a maiden Mineral Resource Estimate in 2026.
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.