West Arunta Divestment Completed
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| Stock | Caprice Resources Ltd (CRS.ASX) |
|---|---|
| Release Time | 3 Jul 2026, 9:35 a.m. |
| Price Sensitive | Yes |
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Caprice Resources Completes West Arunta Divestment
Key Points
- Caprice Resources finalized the divestment of the West Arunta Project.
- The company received A$2.7 million in cash and retains a free-carried exposure.
- The transaction strengthens Caprice's financial position for future exploration.
Full Summary
Caprice Resources Ltd (ASX: CRS) has completed the divestment of the West Arunta Project in Western Australia to Maverick Minerals Australia Limited (ASX: M96) for a total consideration of A$2.89 million. This transaction, originally announced on 27 April 2026, comprises A$2.70 million in cash and A$190,000 in deferred equity consideration. The completion of this transaction provides Caprice with financial flexibility to focus on its Murchison Gold Projects, with the aim of delivering a maiden Mineral Resource Estimate this year. Caprice retains a 15% interest in the Group 1 Tenements, a 25% interest in the Group 2 Tenements, and a free-carried interest through to Decision to Mine.
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