Caprice Resources Ltd. · ASX:CRS
Caprice Resources — Investor Presentation (November 2026)
20 slides from Caprice Resources's investor presentation, November 2026
Slide 1: Maiden High-Grade Mineral Resource at the Island
rsonal use only ASX: CRS | capriceresources.com MAIDEN HIGH-GRADE MINERAL RESOURCE AT THE ISLAND ISLAND GOLD PROJECT | MURCHISON, WA November 2026 | MRE and ET
Slide 2: Corporate Snapshot
CORPORATE SNAPSHOT A Murchison gold explorer with three projects between Cue and Mt Magnet CAPITAL STRUCTURE BOARD AND MANAGEMENT rsonal use only Share price (29 October 2026) A$0.065 Shares on issue3 871.4 M ROB WAUGH LUKE COX Managing Director Non-Executive Options and performance rights1,3 49.2 M
Slide 3: Maiden MRE: 522koz with high-grade core
MAIDEN MRE A 522koz maiden Mineral Resource, with high-grade core and a system that remains open MAIDEN ISLAND GOLD PROJECT MRE rsonal use only 522koz contained gold 6.16Mt at 2.6g/t Au including 340koz at 5.8g/t at 3g/t cut-off 5.8g/t HIGH-GRADE COMPONENT 94% PROCESSING GOLD RECOVERY $25/oz EXPLORA
Slide 4: Maiden MRE Declared at the Island Gold Project
MAIDEN MRE DECLARED AT THE ISLAND GOLD PROJECT 95% of total contained gold Hosted at Central Island rsonal use only 269koz INDICATED 2.99Mt at 2.8g/t Au 253koz INFERRED 3.16 at 2.5g/t Au Cut-off (g/t 0.3 0.5 0.9 1.0 1.5 2.0 3.0 5.0 498koz 24koz 522koz Au) Tonnes (Mt) 6.1 5.3 4.6 4.4 3.3 2.6 1.8 0.9
Slide 5: High-Grade Component with Further Upside
HIGH-GRADE COMPONENT WITH FURTHER UPSIDE high-grade with significant ounces per vertical metre HIGH-GRADE COMPONENT rsonal use only 340koz contained gold 5.8g/t Au at 3g/t cut-off Musgrave Minerals Spectrum Metals Unencumbered High-Grade Component High-Grade Component Island Gold Ore Source Break of
Slide 6: New Exploration Target
NEW EXPLORATION TARGET 500 to 900koz New Exploration Target within the +15Moz endowed Murchison Goldfields NEW EXPLORATION TARGET rsonal use only 500koz to 900koz contained gold 8 to 12Mt at 2.0 to 2.5 g/t Au ACROSS PROSPECTIVE AREAS BEYOND THE CURRENT MRE TO GUIDE FURTHER EXPLORATION WITHIN THE ISL
Slide 7: New Exploration Target Defined
NEW EXPLORATION TARGET DEFINED Mineralisation over more than 5km of strike +5km strike rsonal use only Ten outcropping BIF units 50km of BIF search space within North, Central and South Island Additional search space West Island includes: • Western BIF package • Interpreted Break of Day Stratigraphy
Slide 8: Large Growth Opportunity Awaits
LARGE GROWTH OPPORTUNITY AWAITS Exploration Target defines additional opportunity beyond the MRE ISLAND GOLD PROJECT SCHEMATIC LOOKING WEST rsonal use only Tonnes (Mt) Grade (g/t Au) Contained Gold (oz) Leapfrog Modelled Low High Low High Low High 4,000m strike and 400m depth 8 12 2.0 2.5 500,000 90
Slide 9: Free-Milling Ore, Strong Metallurgical Recoveries
FREE-MILLING ORE, STRONG METALLURGICAL RECOVERIES Confirmed suitability for a conventional gravity and CIL processing flowsheet STRONG RECOVERIES rsonal use only OF UP TO 94% achieved at a grind size of P80 75µm GRIND GRAVITY GOLD RAPID LEACH KINETICS PROCESSING ROUTE Supporting the future P80 75µm
Slide 10: Murchison Gold Processing Capacity
MURCHISON GOLD PROCESSING CAPACITY +Four operating mills across the Murchison with +6.0 Mtpa of combined installed capacity UNEMCUMBERED ORE rsonal use only +4 MILLS Short trucking distance Mill Operator Capacity Road from Island¹ Operating status and expansion Tuckabianna 1.4 Mtpa ~20 km Operating
Slide 11: A Much Larger Corridor Awaits
A MUCH LARGER CORRIDOR AWAITS Further opportunity beyond the IGP Mining Lease area, offers additional growth potential Comet camp rsonal use only Re-opening mines Active Processing plant +2Moz gold endowment Interpreted Repeat • Strategic ground immediately north Gold Structure of Valiant’s Comet go
Slide 12: Growth Strategy
GROWTH STRATEGY The maiden MRE sets foundation .…..a large programme of growth drilling continues +50% 2026 50,000m rsonal use only MURCHISON LAND OF FULLY FUNDED DRILLING Resource growth EXPANSION drilling and business refinement $2.8M +500koz Gold DIVESTMENT OF MAIDEN MINERAL NON-CORE ASSETS RES
Slide 13: Strategic Location
STRATEGIC LOCATION • Prolific historical mining and processing region with a growing endowment of over 15Moz gold rsonal use only • Host to multiple well-known mining centres: • Hill 50: 6Moz • Big Bell: 4.8Moz • Great Fingall: 1.8Moz • Several proximate gold processing hubs: • Cue: 25km • Mt Magnet
Slide 14: Murchison Project Highlights
CAPRICE RESOURCES MURCHISON PROJECT HIGHLIGHTS ASX: CRS rsonal use only ISLAND GOLD COMET GOLD CUDDINGWARRA MURCHISON, WESTERN AUSTRALIA MURCHISON, WESTERN AUSTRALIA MURCHISON, WESTERN AUSTRALIA 100% CAPRICE 75% CAPRICE 80% CAPRICE • A 5km by 1km corridor hosting • Directly along strike from the • E
Slide 15: Contact
rsonal use only CONTACT Mr. Luke Cox info@capriceresources.com capriceresources.com ASX: CRS
Slide 16: Maiden Mineral Resource Estimate
rsonal use only 01 MAIDEN MINERAL RESOURCE ESTIMATE 6.16Mt at 2.6g/t for 522koz of contained gold
Slide 17: Appendix 1: Mineral Resource Estimate Detail
APPENDIX 1: MINERAL RESOURCE ESTIMATE DETAIL Maiden Mineral Resource by deposit, domain and classification Deposit Category Tonnes (Mt) Grade (g/t Au) Ounces (koz Au) rsonal use only Central Island Indicated 2.99 2.8 269 Central Island Inferred 2.90 2.5 229 Central Island Total 5.90 2.6 498 New Orie
Slide 18: Statements and Cautionary Notes
rsonal use only 02 STATEMENTS AND CAUTIONARY NOTES
Slide 19: Important Notice: Competent Persons statements
IMPORTANT NOTICE Previously reported information, Competent Persons statements Previously Reported Information Competent Persons Statements This announcement contains information relating to Exploration Results that have previously The information in this report that relates to the Exploration Resul
Slide 20: Important Notice: Forward looking statements
IMPORTANT NOTICE Forward looking statements and compliance references Forward Looking Statements Cautionary Statement & Risks This announcement may contain certain forward-looking statements, guidance, forecasts, rsonal use only Exploration Target Cautionary Statement: The potential quantity and gra
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