Completion of Acquisition of Viper Project
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| Stock | Caprice Resources Ltd (CRS.ASX) |
|---|---|
| Release Time | 3 Jul 2026, 8:19 a.m. |
| Price Sensitive | Yes |
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Maverick Minerals Completes Acquisition of Viper Project
Key Points
- Acquisition of Viper Project tenements completed
- Initial cash consideration of $2.7 million paid
- Joint venture formed with a 75% interest for Maverick
Full Summary
Maverick Minerals Australia Ltd (ASX: M96) has successfully completed the acquisition of the Viper Project tenements from Caprice Resources Ltd (ASX: CRS). The acquisition includes 8 granted tenements and 7 tenement applications in the West Arunta Region. The initial cash consideration paid to Caprice is $2.7 million. An additional $190,000 will be payable in shares if Maverick commences an exploration program. A joint venture has been formed for certain tenements with Maverick holding a 75% interest.
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