• $2.89 million total consideration
• $2.70 million cash at completion
• 15-25% retained interest or 1.5% NSR royalty
• Free carried through to Decision to Mine
• Corella to sole fund exploration and development

Caprice Resources Limited (ASX: CRS) has executed a binding Heads of Agreement (HOA) with Corella Resources Limited (ASX: CR9) for the sale of a 75% interest in its West Arunta (Chobe) Project in Western Australia. The transaction delivers immediate cash, ongoing exposure to any future West Arunta discovery success, and a free carried pathway to development, positioning Caprice to unlock value from the rapidly emerging West Arunta Province without ongoing expenditure burden. The total consideration is up to $2.89 million, including $2.70 million cash at completion and $190,000 via the issue of deferred equity in Corella. Caprice will retain a 15-25% interest in the key tenure or a 1.5% NSR royalty, with Corella to sole fund exploration and development through to a Decision to Mine. The transaction significantly strengthens Caprice's balance sheet to over A$16.5 million, providing funding flexibility to scale up exploration activities across its Murchison gold assets and deploy on broader growth and development initiatives. Corella is expected to undertake aggressive on-ground exploration programmes, delivering near-term news flow and a dedicated commitment to advancing the project, increasing the probability of discovery success.

Corella is expected to undertake aggressive on-ground exploration programmes, delivering near-term news flow and a dedicated commitment to advancing the West Arunta Project, increasing the probability of discovery success. This transaction provides a clear pathway to unlock the full potential of the West Arunta Project while allowing Caprice to focus on its core Murchison gold strategy.