Caprice Resources signs binding option agreement for Bantam Project acquisition

Caprice Resources Ltd (ASX: $CRS) has signed a binding option agreement to acquire 90% of the Bantam Project in the West Arunta region of Western Australia. The project, consisting of four tenements, is considered highly prospective for niobium, rare earths, and IOCG mineral deposits. The acquisition is immediately adjacent to WA1 Resources' West Arunta Project, which hosts the world-class Luni Niobium-REE discovery.

Chairman's Commentary on Bantam Project Acquisition

Since the significant Luni discovery by WA1 Resources, the region is actively being explored by numerous companies such as Encounter Resources, CGN Resources, Rio Tinto, and Tali Resources. The prospective ground covers 1,470km2 over the four contiguous tenements, which shares borders with WA1, CGN, and Tali Resources. A land package of this size with very little exploration work to date is an exciting prospect for Caprice, which aims to replicate the success of its peers through targeted, strategic exploration. We look forward to progressing due diligence with a view to expediting the process and commencing exploration activities in earnest.

Summary of Caprice Resources' Bantam Project Acquisition

Caprice Resources has signed a binding option agreement to acquire 90% of the Bantam Project in the West Arunta region of Western Australia, which is considered highly prospective for niobium, rare earths, and IOCG mineral deposits. The project is adjacent to WA1 Resources' West Arunta Project, host to the world-class Luni Niobium-REE discovery. The company aims to replicate the success of its peers through targeted, strategic exploration and looks forward to progressing due diligence with a view to expediting the process and commencing exploration activities in earnest. The acquisition is part of the company's strategy to strengthen its position in the market and capitalize on the potential of the Bantam Project.