Caspin Resources (ASX: $CPN) announces new findings at Brassica Prospect

Caspin Resources Limited (ASX: $CPN) has reported the identification of two new conductors through a Moving Loop Electromagnetic survey at the Brassica Prospect within the Yarawindah Brook Project in Western Australia. The conductors, located on an important sedimentary-mafic/ultramafic contact, show potential for magmatic sulphide deposits. The geological setting and historical drilling results provide confidence in the likelihood of a mineralised magmatic sulphide source.

Executive commentary on the new findings

Caspin's Managing Director, Mr Greg Miles, expressed optimism about the significance of the new findings, stating, 'This is a significant development for the Yarawindah Brook Project, as it confirms the prospectivity of the Brassica Shear Zone. There are now several independent datasets that indicate excellent potential for Ni-Cu-PGE mineralised sulphide. The Company strongly believes in the value of the project and the potential for new discoveries of near-surface, high-grade nickel, copper and PGEs.'

Summary of the announcement and outlook

The Moving Loop Electromagnetic survey at the Brassica Prospect has revealed two new conductors with potential for hosting Ni-Cu-PGE mineralised sulphides. The Company is optimistic about the prospectivity of the project and is looking forward to testing these new targets at the earliest opportunity. Additionally, Caspin continues to evaluate the lithium potential of the project and has received encouraging rock chip results, further enhancing the project's significance. The Company's pipeline of prospects identified and developed over the past three years has elevated the Yarawindah Brook Project as one of the most significant magmatic intrusive opportunities in the West Yilgarn.