Caprice Resources (ASX:CRS) executes key agreement in untapped critical minerals province

Caprice Resources (ASX:CRS) has made a significant advancement in its exploration activities by securing a Land Access Agreement (LAA) with the Tjamu Tjamu Aboriginal Corporation, the Registered Native Title Body Corporate (RNTBC) responsible for the Kiwirrkurra Native Title Determination, which paves the way for extensive exploration across 2,000 km² in the largely untapped and highly prospective West Arunta region.

Historically overlooked for its mineral potential, the West Arunta is now emerging as a critical minerals hotspot, with recent discoveries by neighbouring companies such as WA1 Resources and Encounter Resources shining a spotlight on the region’s promising niobium and rare earth elements.

As the third-largest ASX-listed explorer in this burgeoning province, Caprice Resources is strategically positioned to take full advantage of the region’s growing recognition and significant exploration opportunities.

Highlights:

• Land Access Agreement Secured: The agreement, encompassing Caprice’s entire tenure in the West Arunta region, including the recently acquired 430 km² from Rio Tinto Exploration Pty Ltd, gives the company the go-ahead to accelerate its exploration activities.
• Heritage Survey Planning: Preparations are underway to conduct heritage surveys, a critical step before any on-ground activities.
• Exploration Plans: Caprice is gearing up for airborne geophysical surveys, surface sampling, and mapping to identify high-priority drill targets.

The company is working closely with the Tjamu Tjamu AC, ensuring that its exploration program respects the cultural heritage of the Kiwirrkurra People.

CEO Luke Cox emphasised the importance of this relationship, stating, “The LAA for Exploration is a key document for understanding each other’s responsibilities and maintaining respect for traditional heritage and culture when exploring on Kiwirrkurra lands.”

Cox attended a Common Law Holder Meeting in early September, where the LAA was formally authorised by the Kiwirrkurra People. “The meeting was a huge success,” he added, highlighting the mutual understanding achieved between Caprice and the community.

With the LAA in place, Caprice will now focus on securing Mining Entry Permits and finalising exploration plans.

This agreement not only opens the door for exploration but also solidifies Caprice’s commitment to respectful engagement with the local communities, a cornerstone for sustainable exploration.

The Bigger Picture: Niobium and Rare Earths

The West Arunta region is rapidly becoming known for its niobium-rich carbonatites. Discoveries by WA1 Resources and Encounter Resources have reshaped geological models, revealing the area’s potential for niobium and rare earth elements.

These discoveries point to a previously unrecognised mineral province, potentially critical for future supply chains in high-tech industries.

For Caprice, this represents an exciting frontier. As Cox notes, “Caprice is in the right place at the right time.” With limited historical exploration, the region offers vast potential, and Caprice is well-equipped to uncover its riches.

This strategic move by Caprice demonstrates the company’s proactive approach to positioning itself at the forefront of Australia’s emerging critical minerals industry.

As the world continues to seek new sources of rare earths and niobium, Caprice’s exploration efforts in the West Arunta could prove to be a game-changer for the company and the region alike.

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