Caspin Resources discovers new high-grade tin and tungsten prospect at Bygoo

• Major review identifies high-grade tin-tungsten opportunity
• Historical drilling produced high-grade tin and tungsten results
• Tungsten soil anomaly striking over 800m
• Review of the Fordes Gossan prospect also identifies tungsten mineralisation

Caspin Resources (ASX: CPN) is ramping up exploration after identifying a new tin and tungsten target at the Taylors Hill prospect within the Bygoo Tin Project in New South Wales.

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The company has found historical drilling data not previously included in its database and analysed its own soil geochemistry, supported by field mapping and sampling.

MD, Greg Miles, said Taylors Hill is significant as another previously unrecognised high-grade tin opportunity, as well as the first high-grade tungsten results in the Bygoo project.

“In parallel with resource extension activities at the Kelpie deposit, the company has been working through the mineralisation potential of the entire Bygoo Project, focussed primarily on tin, but cognisant that other metals are commonly found associated with tin in the region,” Mr Miles said.

“The Taylors Hill prospect is another new target that has been recognised from historical data and supported by our own newly acquired soil geochemistry. It is also the first high-grade tungsten opportunity recognised in the project.

“Tungsten prices have surged since late 2025 due to mining and export restrictions in China, which controls approximately 80% of world supply. Meanwhile, demand in technology and defence applications continues to grow. The current price of tungsten is approximately six times that of tin and twenty times that of copper, it’s an extremely high value metal. The Company is excited to evaluate the tungsten potential of the project as a complementary opportunity alongside our tin exploration and development activities.”

Situated directly southwest of the Ardlethan mining lease, Taylors Hill is host to a large scattering of historical workings some 500m west of the main Ardlethan granite contact at ‘Ardlethan South’.

Workings include numerous moderate to large pits, costeans and underground shafts along both NE and NW trends. Despite significant greisen mineralisation noted at surface, almost no modern exploration has occurred here, likely due in part to locally rugged topography.

Three holes were drilled into the prospect area in the early 1970s by Magnum Explorations for a total 259m, testing beneath historical workings. At least two of the holes recorded significant mineralisation.

These results have never been followed up by further drilling and represent a priority exploration opportunity for Caspin.

Caspin has covered the Taylors Hill area in close-spaced soil geochemistry which has revealed a large tungsten anomaly striking over 800m, related to NE-SW trending faults, with a peak value of 34.6ppm, against a background of 3ppm. The Magnum Explorations drill holes are within this soil anomaly/

Assays are currently pending for numerous rock chip samples recently collected across the Taylors Hill and Ardlethan South areas. This data, in conjunction with ongoing surface mapping will help the company assess the scale of tin and tungsten mineralisation across the Taylors Hill area.

CPN was steady at 12.0¢ with a Mkt cap of $35.38M.

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