Caprice Resources
Level 2, 7 Havelock Street
West Perth WA 6005
Australia
T: +61 8 6141 3136
F: +61 8 6315 6421
Project Development Plan Overview
Our West Arunta Project has been named the Chobe Project, ‘Chobe’ after Botswana’s famed elephant country, where the Chobe River hosts the world’s largest elephant population.
Fast-Tracking Exploration:
- Detailed aeromagnetic surveys and on-ground reconnaissance planned for priority targets
- Initial focus on granted licences E80/5873, ELA80/5915, E80/5896, E80/5872
Pending Licences:
- Applications E80/6137, E80/6122, E80/6138, E80/6139, E80/6140 subject to desktop review and targeting work
- On-ground activities to commence post-grant
Future Ground Surveys:
- Ground-based gravity surveys for target refinement planned after successful heritage negotiations
Highly prospective for niobium, REE and IOCG
Large Project – 1,470 km2
- The Project is located ~490km south of Halls Creek in Western Australia
- Four contiguous tenements, granted Exploration Licences E80/5873 and ELA80/5915 and applications for Exploration Licences ELA80/5872 and ELA80/5896
- One of the largest landholdings in the West Arunta region
- Adjacent to WA1 Resources’ (ASX: WA1) West Arunta Project, home to world-class Luni Niobium-REE discovery, boosting WA1’s market cap to over $1b
- Multiple targets showing structural and magnetic features similar to that representing mineralised carbonatites on WA1’s ground and nearby Aileron Project
Geological Summary
- Location: Western Australia’s West Arunta region, within the Arunta Orogeny
- Geological Context: Situated north of the Central Australian Suture, containing Proterozoic units from the Warumpi and Aileron Provinces, with Neoproterozoic Amadeus basin fill
- Exploration Status: Historically limited on-ground exploration; reliance on regional geological mapping and public geophysical surveys
- Target Areas: Identified based on regional data, resembling mineralised locations on neighboring leases; awaiting field investigation and potential refinement through higher density geophysical surveying
Targeting niobium rich carbonatites
- Comprehensive desktop review completed by experienced geophysical consultant Resource Potentials, known for contributions to WA1’s Luni and P2 discoveries, and Cadre Geological consultants
- All available public data on the Project compiled, identifying high-priority exploration targets based on trends and structures observed in geophysical surveys
- Displaying characteristics similar to neighboring leaseholders’ successful exploration for niobium, REE enriched carbonatites, and IOCG mineralisation, identified areas hold promise for further investigation
