Caprice Resources Ltd (ASX:CRS) CEO Luke Cox talked with Proactive’s Tylah Tully about the company’s recent $2.5 million capital raise.
The funding, completed through a placement with Canaccord, is allocated for advancing gold projects in the Murchison region of Western Australia.
Focusing on high-grade, strategic targets, Cox highlighted key exploration efforts across several tenements, particularly the Island Gold Project and the New Orient Gold Mine.
He detailed the exploration focus on cross-structures, inspired by successes of nearby gold operations, and discussed strategic steps including resource modeling, mine optimisation and preliminary scoping studies.
Cox shared his insights on the potential scale and grade of the deposits, particularly within the New Orient zone, in line with Caprice Resources’ goal of evolving from explorer to developer.
The CEO noted, “We’re not just an explorer; we’re a developer and potentially a miner in the very near term,” highlighting the goal to move toward production.
He also mentioned the company’s significant land package in Western Australia, targeting gold and copper, with ongoing discussions to finalise land access agreements.