• Phase 4 drilling at Island Gold Project extends high-grade gold mineralization to 400m depth and 1,000m strike
• Binding earn-in agreement executed to acquire Comet Gold Project, tripling Caprice's landholding in Murchison Goldfields
• Chobe Project in West Arunta advances with high-resolution aeromagnetic survey

Caprice Resources Ltd (ASX: CRS) reported on its activities for the quarter ended 31 December 2025, with a focus on advancing its flagship Island Gold Project in Western Australia's Murchison Goldfields. The company's Phase 4 drilling programme at the Island Gold Project, comprising approximately 20,000m of AC, RC, and diamond drilling, continued to deliver significant high-grade gold assay results. Drilling has now confirmed gold mineralization extending to at least 400m vertical depth and over 1,000m in strike, with the system remaining open in multiple directions. Notable results include 10m at 12.8 g/t gold, 4m at 30.6 g/t gold, and 13m at 7.7 g/t gold. The company also executed a binding earn-in agreement to acquire the Comet Gold Project, strategically located along strike from the Island Gold Project, effectively tripling Caprice's landholding in the Murchison Goldfields. Field exploration has commenced at Comet, with on-ground reconnaissance and mapping underway. At the Chobe Project in the West Arunta region, Caprice completed a high-resolution aeromagnetic survey, with results expected in Q1 2026 to help refine and prioritize targets for future drilling.

Caprice is looking forward to an exciting 2026, with drilling continuing at the Island Gold Project, new ground being explored at the Comet Gold Project, and a growing suite of work planned at the Chobe Project in the West Arunta region.