Caprice Resources (CRS) Q1 2027 TU earnings summary

Executive summary

• Island drilling advanced toward a maiden Mineral Resource Estimate (MRE), with high-grade results extending mineralisation at Vadrians, Baxter and Golconda and identifying additional positions.

• Central Island and New Orient are the initial MRE areas; release remains targeted for early November 2026, with broader exploration continuing across the Island corridor.

• West Arunta divestment generated A$2.7m cash, while quarter-end cash and cash equivalents stood at A$9.452m.

Financial highlights

• Cash and cash equivalents were A$9.452m at 30 September 2026, versus A$10.810m at quarter start.

• Operating activities used A$131k net cash; investing activities used A$1.326m net, including A$3.936m exploration and evaluation payments and A$2.650m tenement-sale proceeds.

• Project and exploration activities were reported at A$3.036m, primarily geological consulting, drilling and assays.

Outlook and guidance

• Maiden Island MRE covering Central Island and New Orient remains targeted for early November 2026; an updated Exploration Target is planned alongside it.

• The 50,000m Island drilling programme was approximately halfway complete at quarter-end; 26,500m had been completed by the 16 October update.

• Priorities include Vadrians extensions, Baxter-Golconda follow-up, Western Island air-core discovery drilling, broader Island targets and systematic Comet drill planning.