Caprice Resources
Level 2, 7 Havelock Street
West Perth WA 6005
Australia
T: +61 8 6141 3136
F: +61 8 6315 6421
Project Development Plan Overview
Fast-Tracking Exploration:
- Detailed aeromagnetic surveys and on-ground reconnaissance planned for priority targets
- Initial focus on granted licences E80/5873, ELA80/5915
Pending Licences:
- Applications ELA80/5872 and 5896 subject to desktop review and targeting work
- On-ground activities to commence post-grant
Future Ground Surveys:
- Ground-based gravity surveys for target refinement planned after successful heritage negotiations
Highly prospective for niobium, REE and IOCG
Large Project – 1,470 km2
- The Project is located ~490km south of Halls Creek in Western Australia
- Four contiguous tenements, granted Exploration Licences E80/5873 and ELA80/5915 and applications for Exploration Licences ELA80/5872 and ELA80/5896
- One of the largest landholdings in the West Arunta region
- Adjacent to WA1 Resources’ (ASX: WA1) West Arunta Project, home to world-class Luni Niobium-REE discovery, boosting WA1’s market cap to over $1b
- Multiple targets showing structural and magnetic features similar to that representing mineralised carbonatites on WA1’s ground and nearby Aileron Project
Geological Summary
- Location: Western Australia’s West Arunta region, within the Arunta Orogeny
- Geological Context: Situated north of the Central Australian Suture, containing Proterozoic units from the Warumpi and Aileron Provinces, with Neoproterozoic Amadeus basin fill
- Exploration Status: Historically limited on-ground exploration; reliance on regional geological mapping and public geophysical surveys
- Target Areas: Identified based on regional data, resembling mineralised locations on neighboring leases; awaiting field investigation and potential refinement through higher density geophysical surveying
Targeting niobium rich carbonatites
- Comprehensive desktop review completed by experienced geophysical consultant Resource Potentials, known for contributions to WA1’s Luni and P2 discoveries, and Cadre Geological consultants
- All available public data on the Project compiled, identifying high-priority exploration targets based on trends and structures observed in geophysical surveys
- Displaying characteristics similar to neighboring leaseholders’ successful exploration for niobium, REE enriched carbonatites, and IOCG mineralisation, identified areas hold promise for further investigation
