Caprice Resources (ASX: $CRS) Soil Sampling Program Results

Caprice Resources Ltd (ASX: $CRS) has announced the final results for the Company's soil sampling program at the Mukinbudin Rare Earth Element Project. The project, located 25km northwest of Mukinbudin and 250km northeast from Perth in Western Australia, has yielded significant rare earth oxides (REO) targets, confirming high grade rare earths results from soil samples.

Executive Commentary on Soil Sampling Results

The final assay results from the infill and extensional soils at the Mukinbudin Project have confirmed significant anomalism, with sampling at Colosseum and Hadrian's confirming prospectivity. The company is pleased with the elevated REO target defined at Colosseum and the significant REO anomalism confirmed at Hadrian's, which remains open. The observed porphyritic graphitic granite across all prospects highlights the potential for regional scale porphyritic granites and clay-hosted targets, aligning with the Company's target style of mineralisation being tested.

Summary of Soil Sampling Program Results and Outlook

Caprice Resources Ltd (ASX: $CRS) has reported final assay results from the soil sampling program at the Mukinbudin Rare Earth Element Project, confirming significant REO anomalism at Colosseum and Hadrian's. The Company is now planning the prospect's maiden drilling program following the definition of an elevated REO target at Colosseum. The confirmed significant REO anomalism at Hadrian's, which remains open, indicates the potential for expanded mineralisation. The observed porphyritic graphitic granite across all prospects highlights the potential for regional scale porphyritic granites and clay-hosted targets, aligning with the Company's target style of mineralisation being tested. The Company's ambitions and goals include further exploration to delineate terrain suggesting clay anomalism and the pending tenure applications, which offer excellent exploration scope to the north.