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Caprice Resources (ASX:CRS) has confirmed its inked a land access agreement (LAA) with the relevant native title holders over its recently acquired 2,000sq.km project. Shares in the smallcap jumped 11%.
The deal was successfully struck with the Tjamu Tjamu Aboriginal Corporation (TTAC) which handles the Kiwirrkurra Native Title Determination.
The agreement, per Caprice’s wording on Thursday, establishes clear communication lines and responsibilities between Caprice and the TTAC.
With land access now dealt with, the company is moving ahead with heritage survey planning on-site towards an end-goal of generating drill targets on-site.
The West Arunta region, if it isn’t already familiar to readers, has definitely become solidified as an emerging – if not established – critical minerals province.
WA1 Resources‘ globally significant niobium resource was struck in the resource; Rincon Resources are active in the area as are Norwest Minerals. There’s also CGN Resources with digs in the area, as do Lycaon Resources.
The most recent listed player to move into the area was Australian Potash.
“In early September I was fortunate to have been invited to a Common Law Holder Meeting in Kiwirrkurra, Western Australia to present on our project,” Caprice CEO Luke Cox said.
“The meeting was a huge success with a LAA with Caprice being authorised by Kiwirrkurra People. 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.
“With the LAA executed, Caprice can now move forward to finalise Mining Entry Permits with DPLH and more broadly with its exploration plans, keeping shareholders updated as we rapidly progress to commencing field activities in this exciting and grossly unexplored.”
CRS last traded at 2.9cps.
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