• Assay results from 14 holes (3,740m out of 20,000m) extend gold mineralisation to ~300m depth at Vadrians
• First diamond core hole drilled to ~400m vertical depth, with assays pending
• Remaining 5km by 1km corridor remains largely untested, providing multiple discovery targets

Caprice Resources Ltd (ASX: CRS) has reported the first batch of assay results from 14 holes of its Phase 4 drilling programme at the Island Gold Project, which returned further stand-out gold intercepts at Vadrians, successfully intercepting gold mineralisation an additional ~100m down plunge to a vertical depth of ~300m where it remains open. The results have increased the company's confidence in the geological model and confirm that gold mineralisation continues with depth. The first diamond core drill hole drilled to ~400m vertical depth has been completed, with assays pending. The remaining 5km by 1km IGP target corridor remains largely untested, with only limited drilling on most targets beyond 150m depth, providing a multitude of targets for the discovery of additional high-grade gold lodes along strike. Caprice remains focused on progressing toward delineating a maiden gold Mineral Resource Estimate with high-grade, continuity, and scale at IGP. The fully funded Phase 4 drilling programme comprising 20,000m of air core, RC and diamond core drilling will continue into 2026, delivering continuous news flow.

The Phase 4 drilling programme is fully funded and will continue into 2026, with approximately 12,500 metres of drilling ongoing.

The company is focused on progressing toward delineating a maiden gold Mineral Resource Estimate with high-grade, continuity, and scale at the Island Gold Project. The remaining 5km by 1km target corridor remains largely untested, providing multiple discovery targets for the Phase 4 programme.