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Caspin Resources Ltd. ( (AU:CPN) ) has provided an announcement.
Caspin Resources has reported strong initial reverse circulation drilling results from its 2026 campaign at the Kelpie deposit, part of the Bygoo Tin Project in New South Wales. All 11 reported holes intersected tin mineralisation, with standout results such as 13 metres at 1.16% tin and 24 metres at 0.50% tin, largely outside the existing resource envelope.
The intersections extend mineralisation up and down plunge and confirm a new geological interpretation that suggests significant potential to grow the current high-grade open pit resource. With a 30-hole program underway and the drill rig now back at Kelpie after work at Ardlethan East, the results bolster Caspin’s strategy to expand its tin inventory and enhance the project’s scale and economic appeal for stakeholders.
More about Caspin Resources Ltd.
Caspin Resources Ltd. is an Australian mineral exploration company focused on tin through its Bygoo Tin Project in New South Wales. The company is advancing the high-grade, shallow Kelpie deposit, currently defined as an open-pittable resource of 3.94 million tonnes at 0.50% tin for 19,300 tonnes of contained metal.
Average Trading Volume: 1,465,869
Technical Sentiment Signal: Hold
Current Market Cap: A$32.43M
See more data about CPN stock on TipRanks’ Stock Analysis page.