Caprice Resources (CRS) Investor presentation summary

Corporate overview

• Market capitalisation stands at A$28.6M with an enterprise value of A$25.6M and cash reserves of A$2.98M as of March 2025.

• 530 million shares are on issue, with 107 million unlisted options and performance rights outstanding.

• Board and management include experienced geologists and executives with backgrounds in exploration, mining, and finance.

Project portfolio and locations

• Focus on high-value commodities: gold, copper, and niobium in tier-1 jurisdictions, primarily Western Australia.

• Key projects include the Murchison Gold Project and West Arunta Copper-Gold-Niobium Project.

• Murchison is located in a prolific gold district with over 15Moz endowment and multiple mining centres.

• West Arunta covers ~2,000km², targeting underexplored ground with no prior drilling for key deposit types.

Murchison Gold Project highlights

• Recent drilling at Island Gold Project returned high-grade intercepts: 28m @ 6.4g/t Au, 24m @ 6.8g/t Au, and 22m @ 2.3g/t Au.

• Vadrians mineralisation extended to 250m along strike and remains open; new discovery 250m south of Vadrians is open in all directions.

• Baxter prospect drilling intersected parallel lodes and main lode near surface, with results up to 15m @ 5.5g/t Au.

• New Orient Gold Mine shows potential for a maiden high-grade resource, with extensional drilling and scoping study activities planned.