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Caprice Resources Ltd. ( (AU:CRS) ) just unveiled an update.
Caprice Resources has raised $12.74 million via an oversubscribed share placement at $0.08 per share to institutional and sophisticated investors, boosting its cash position to about $15 million. Director participation of approximately $240,000 is subject to shareholder approval, with settlement of the main tranche expected in mid-March.
The proceeds will accelerate exploration at the Island, Comet and Cuddingwarra gold projects through expanded RC, aircore and diamond drilling, and fund geophysical surveys at the West Arunta Chobe Project to refine new drill targets. With multiple drilling campaigns underway and assays due over the coming weeks, the company is positioning for an intensive period of news flow and potential resource expansion in the Murchison gold district and West Arunta region.
The most recent analyst rating on (AU:CRS) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Caprice Resources Ltd. stock, see the AU:CRS Stock Forecast page.
More about Caprice Resources Ltd.
Caprice Resources Ltd. is an ASX-listed exploration company focused on high-grade gold projects in Western Australia’s Murchison region, including the Island, Comet and Cuddingwarra Gold Projects, and also holds the West Arunta Chobe Project. The company targets resource growth through reverse circulation, aircore and diamond drilling, alongside geophysical surveys to define new drill targets in emerging mineral provinces.
YTD Price Performance: 1.06%
Average Trading Volume: 2,757,564
Technical Sentiment Signal: Buy
Current Market Cap: A$67.01M
Find detailed analytics on CRS stock on TipRanks’ Stock Analysis page.