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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 within the Bygoo Tin Project in New South Wales. The Kelpie resource currently stands at 3.94 million tonnes at 0.50% tin for 19,300 tonnes of contained metal and is noted for its high grade at shallow, open pit mining depths.
Assays from the first 11 of 30 completed holes show mineralisation in every hole, with several high-grade intersections extending beyond the current resource envelope and remaining open. Management says the results validate a new geological interpretation, highlight substantial potential for resource growth in under-drilled zones such as the Stewarts Fault area, and support ongoing drilling that could enhance the project’s scale and value for stakeholders.
More about Caspin Resources Ltd.
Caspin Resources Ltd. is an ASX-listed exploration company focused on the Bygoo Tin Project in New South Wales, where it is advancing the high-grade Kelpie deposit. The project targets shallow, open-pittable tin resources, positioning the company to benefit from growing demand for tin in electronics and energy-transition supply chains.
Average Trading Volume: 1,465,869
Technical Sentiment Signal: Hold
Current Market Cap: A$32.43M
Learn more about CPN stock on TipRanks’ Stock Analysis page.