New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$87.5m market cap, or US$63.7m). Board Change • May 01
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Scott Deakin is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Mar 09
Caprice Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 12.74 million. Caprice Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 12.74 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 156,250,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0016
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Scott Deakin is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 08
Caprice Resources Limited, Annual General Meeting, Nov 24, 2025 Caprice Resources Limited, Annual General Meeting, Nov 24, 2025. Board Change • Aug 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Scott Deakin is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jun 06
Caprice Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million. Caprice Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 132,884,615
Price\Range: AUD 0.052
Discount Per Security: AUD 0.00312
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,730,770
Price\Range: AUD 0.052
Discount Per Security: AUD 0.00312
Transaction Features: Subsequent Direct Listing Announcement • Jun 05
Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million. Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 132,884,615
Price\Range: AUD 0.052
Discount Per Security: AUD 0.00312
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,730,770
Price\Range: AUD 0.052
Discount Per Security: AUD 0.00312
Transaction Features: Subsequent Direct Listing Announcement • Apr 09
Caprice Resources Limited Announces Board Changes Caprice Resources Limited announced the appointment of Rob Waugh as Non-Executive Chair of the Company. Mr. Rob (Robert) Waugh is a qualified geoscience leader and accomplished Australian resource sector executive with a strong track record of team discovery success, successful study advancement and wealth creating M&A. Rob's experience covers a range of commodities including gold, copper, nickel, PGEs, uranium and lithium within major resource companies (WMC and BHP) and junior explorers. During his career, Rob has enjoyed significant exploration mineral discovery success and was part of the team that discovered the Nebo-Babel Ni-Cu deposit in the West Musgrave region of Western Australia, the Cobbler gold deposit at Norseman, the Duke Batman and Honeypot uranium deposits in Queensland and the Break of Day, White Heat and Big Sky gold deposits at Cue. Rob holds a BSc in Geology from the University of Western Australia and an MSc in Mineral Economics from Curtin University and the Western Australian School of Mines. He is a member of the Australian Institute of Geoscientists and a fellow of the Australasian Institute of Mining and Metallurgy. Rob is currently also a Non-Executive Director with Future Battery Minerals Ltd. Mr. Glenn Whiddon has notified the Board that after a short transition period, he will step down from the Board. The Board would like to thank Mr. Whiddon for his considerable contribution to Caprice and guidance in repositioning the Company and wishes him all the best in his future endeavours. New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 57% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average weekly change). Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$19.0m market cap, or US$11.9m). Board Change • Feb 04
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Scott Deakin is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Dec 24
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Scott Deakin is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 08
Caprice Resources Limited, Annual General Meeting, Nov 28, 2024 Caprice Resources Limited, Annual General Meeting, Nov 28, 2024. Announcement • Jul 24
Caprice Resources Limited Announces Appointment of Luke Cox as Chief Executive Officer Caprice Resources Limited announced the appointment of Luke Cox as Chief Executive Officer of the Company, effective immediately. Luke Cox is a geologist with over 25 years mining industry experience and a demonstrable track record growing exploration and mining companies. He was most recently Chief Executive Officer for Green Technology Metals advancing their portfolio of Canadian lithium projects, delivering rapid resource growth, key stakeholder and local indigenous engagement, offtake agreements and scoping level studies. Mr. Cox has been involved in developing a considerable number of mineral deposits within Australia and globally and has been involved in all stages of development from exploration to project feasibility, financing, mine development and operations. Mr. Cox has been an integral part of numerous LSE, ASX and TSX-listed exploration and mining companies and has significant experience in technical and commercial due diligence with off-take customers, mining companies and investment groups. Announcement • Jul 02
Caprice Resources Limited (ASX:CRS) completed the acquisition of 90% stake in Bantam Project of HJH Nominees Pty Ltd from HJH Nominees Pty. Ltd. Caprice Resources Limited (ASX:CRS) agreed to acquire 90% stake in Bantam Project of HJH Nominees Pty Ltd from HJH Nominees Pty. Ltd. for AUD 2.1 million on June 7, 2024. A cash consideration of AUD 1.03 million will be paid by Caprice Resources Limited. Caprice Resources Limited will pay an earnout/contingent payment of AUD 1.1 million cash. As part of consideration, AUD 2.13 million is paid towards assets of Bantam Project of HJH Nominees Pty Ltd.
The transaction is subject to approval by regulatory board / committee, shareholders of Caprice and consummation of due diligence investigation.
Caprice Resources Limited (ASX:CRS) completed the acquisition of 90% stake in Bantam Project of HJH Nominees Pty Ltd from HJH Nominees Pty. Ltd. on July 1, 2024. Announcement • May 11
Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.193538 million. Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.193538 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,855,068
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 66,008,150
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • May 09
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Phil Re is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. New Risk • Mar 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 117% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Earnings have declined by 8.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m (AU$2.6k revenue, or US$1.7k). Market cap is less than US$10m (AU$4.47m market cap, or US$2.93m). New Risk • Mar 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Earnings have declined by 8.5% per year over the past 5 years. Revenue is less than US$1m (AU$2.6k revenue, or US$1.7k). Market cap is less than US$10m (AU$2.34m market cap, or US$1.53m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Nov 29
Caprice Resources Limited Elects Philip Re as Director Caprice Resources Limited at its AGM held on November 29, 2023, elected Philip Re as Director. Announcement • Nov 24
Caprice Resources Limited Announces the Resignation of Adam Miethke as Non-Executive Director Caprice Resources Ltd. advised that Adam Miethke, due to work commitments outside of Caprice, has tendered his resignation as a Non-Executive Director of Caprice with immediate effect. During Adam's tenure the Company has made a number of strategic acquisitions and his involvement has been instrumental in growing the Company's asset portfolio in commodities essentialfor the technology and battery industries, placing Caprice in a strong position for exploration success inthe future. Announcement • Nov 16
Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.315214 million. Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.315214 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,511,889
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Transaction Features: Subsequent Direct Listing Announcement • Nov 15
Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.611226 million. Caprice Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.611226 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 89,512,547
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Transaction Features: Rights Offering Announcement • Oct 05
Caprice Resources Limited, Annual General Meeting, Nov 29, 2023 Caprice Resources Limited, Annual General Meeting, Nov 29, 2023, at 11:00 W. Australia Standard Time. Agenda: To consider election of directors. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.70m market cap, or US$2.38m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Aug 08
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Mick Caruso is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Executive Director Andrew Muir was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 18
Caprice Resources Ltd. Announces RC Drilling Finished at Northampton Caprice Resources Ltd. provided an update on the Northampton Polymetallic Project (Northampton), located in the Northampton Mineral Field of Western Australia. Northampton is a historical mining area with over 100 years of base metals mining, with minimal on-ground exploration completed during the last 50 years. Caprice has just completed RC drilling at Lady Sampson, approximately 40km south east of the town of Northampton. This is the first time that any drilling has been done in this area. The drill program involved 11 holes for 938m, testing north-south oriented base metals mineralisation over c.750m of strike. Sulphides were intersected in a majority of holes, with galena, sphalerite and minor chalcopyrite evident in varying quantities. The mineralisation appears to be structurally controlled, and hosted within a garnet gneiss, and typically associated with silica-clay-alteration. Results are expected in 4 to 6 weeks time. Announcement • Feb 17
Caprice Resources Ltd Announces Additional Information for RC Drilling at Northampton Caprice Resources Ltd. referred to the announcement dated 17 February 2023 regarding the completion of the RC drilling program at the Northampton Polymetallic Project (Northampton) and provides the below additional information. As previously advised, the drill program involved 11 holes for 938m, testing north-south oriented base metals mineralisation over c.750m of strike. Sulphides were intersected in a majority of holes, with galena, sphalerite and minor chalcopyrite evident in varying quantities. The mineralisation appears to be structurally controlled, and hosted within a garnet gneiss, and typically associated with silica-clay-alteration. Visual estimates of base metal sulphide phases and proportions within RC chips are considered approximate and generally unreliable in nature as they are based on a quick visual estimate from a chip tray. Chip trays retain a very small portion of the total interval drilled, and have been sieved and cleaned, removing the fine fraction that may account for a majority of the sampled interval and generate a bias in the material observed when logging. Visual estimates of sulphide phases are logged in order to define intervals of interest for lab analysis. Visual estimates of sulphide phases should not be used for any assumption of mineralisation or economic potential. As this is the first drilling program across Lady Sampson prospect; there have been no studies or comparisons between visual estimates of base metal sulphides and laboratory determined base metal proportions. The Company expects receipt of assay results in 4-6 weeks. Announcement • Feb 04
Caprice Resources Limited Announces RC Drilling Underway At Northampton Caprice Resources Ltd. provided an update on the Northampton Polymetallic Project (Northampton), located in the Northampton Mineral Field of Western Australia. Northampton is a historical mining area with over 100 years of base metals mining, with minimal on-ground exploration completed during the last 50 years. RC drilling has commenced at Lady Sampson, approximately 40km south east of the town of Northampton. The last RC program by Caprice in late 2020, close to the Wheal Fortune Mine near the town of Northampton, returned, outstanding results of 31m @ 1.1% copper, 2.0% lead & 9g/t silver, incl. 3m @ 3.8% copper, 3.8% lead & 3g/t silver. This new program, totaling c.850m, is testing north-south oriented base metals mineralization on the historical Lady Sampson workings. The hole locations have been guided by historical costeaning, which identified copper and lead rich zones. The results from these costeans also indicated that there may possible zonation between copper dominant and lead-zinc dominant mineralization (see ASX 6th January 2021). The drilling should take 8 - 10 days, with assays likely to be returned four to six weeks thereafter. The information in this report that relates to exploration results has been compiled by Mr. Christopher Oorschot, a full-time employee of Caprice Resources Ltd. As a full time employee of Caprice Resources Mr. Oorschot remuneration package includes both options and performance rights subject to a number of performance conditions including Mineral Resource growth. Mr. Oorschot is a Member of the Australian Institute of Geoscientists and has sufficient experience in the style of mineralisation and type of deposit under consideration and the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves ("JORC Code"). Mr. Oorschot consents to the inclusion in the report of the matters based on the information in the form and context in which it appears. Board Change • Jan 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Executive Director Andrew Muir was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Executive Director Andrew Muir was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Adam Miethke was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 20
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Mick Caruso is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Executive Departure • Aug 12
Non-Executive Director Scott Patrizi has left the company On the 11th of August, Scott Patrizi's tenure as Non-Executive Director ended after 3.2 years in the role. As of March 2021, Scott still personally held 364.60k shares (AU$89k worth at the time). A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Jan 21
New 90-day low: AU$0.23 The company is down 54% from its price of AU$0.50 on 21 October 2020. The Australian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: AU$0.26 The company is down 28% from its price of AU$0.35 on 24 September 2020. The Australian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: AU$0.31 The company is down 5.0% from its price of AU$0.33 on 28 August 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. 
