Caprice Resources (CRS) Q1 2025 TU earnings summary

Executive summary

• Newly appointed CEO led a strategic review, resulting in a renewed focus on gold, copper, and niobium in Tier 1 jurisdictions.

• Gold development prioritized in the Murchison goldfields, with active mining leases and historical high-grade production.

• Large-scale greenfield exploration in West Arunta expanded via acquisition from Rio Tinto, making the company a major regional explorer.

• Board strengthened with the appointment of a new Non-Executive Director with significant exploration and development experience.

Financial highlights

• $2.5 million raised in a placement to sophisticated investors post-quarter end, at $0.024 per share.

• Cash and cash equivalents at quarter end were $792k, down from $886k in the previous quarter.

• Net cash used in operating activities was $281k; investing activities used $383k; financing activities provided $570k.

• Estimated quarters of funding available at quarter end was 1.8, with additional funds committed via placement.

Outlook and guidance

• Proceeds from the placement will fund exploration at high-grade Murchison Gold Projects and West Arunta Projects.

• Drilling at Island Gold Project expected to commence in mid-November.

• Company expects to continue operations and meet objectives, supported by the recent capital raise.