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Maverick Minerals Australia Ltd (ASX:M96)

ALERT: Price-sensitive ASX Announcement for M96
Current share price for M96 : $0.008 -0.001 (-11.11%)+
Announcement
Release
3 Jul 2026 9:35AM
Price at Release
$0.009
Full Release
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Summary
Caprice Resources Ltd has announced the successful completion of its previously planned divestment of a significant interest in the West Arunta Project, receiving A$2.7 million in cash as part of a deal with Maverick Minerals Australia Ltd. This divestment, initially disclosed in April 2026, allows Caprice to retain a free-carried stake throughout future project developments. Maverick Minerals, which was formerly known as Corella Resources Limited, has acquired a 75% interest, thereby facilitating Caprice's financial strategy to concentrate its resources on advancing its Murchison Gold Projects, which remain a core focus for new discoveries and resource enhancements.
Key Points
  • Caprice Resources Ltd has completed the divestment of a 75% interest in the West Arunta Project to Maverick Minerals Australia Ltd.
  • The transaction was originally announced on April 27, 2026, and includes a total consideration of A$2.89 million.
  • Caprice receives A$2.7 million in cash and retains a free-carried interest in future developments.
  • Maverick Minerals (formerly Corella Resources Limited) completes the acquisition under a binding Heads of Agreement.
  • Caprice retains a 15% interest in Group 1 Tenements and a 25% interest in Group 2 Tenements, with a free-carried interest up to the Decision to Mine phase.
  • Caprice aims to focus on its Murchison Gold Projects with the cash proceeds, enhancing its discovery and resource expansion efforts.
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.