Caprice Resources Ltd. provided an update on the recently acquired Mukinbudin Rare Earth Element Project, located 25km northwest of Mukinbudin and 250km northeast of Perth in Western Australia. The Mukinbudin Project covers 380km2 and contains several pegmatites. These pegmatites are considered prospective for REEs.

Caprice has commenced field mapping and sampling of these pegmatites with a view to understanding their size, distribution, and potential to host REE mineralisation. This is in addition to reconnaissance sampling already completed during the due diligence period prior to acquiring the Project. A preliminary inspection was also undertaken of the Cosh's North pegmatite, which is currently being quarried for quartz and feldspar.

Detailed mapping and sampling of the quarry will follow this initial visit. Samples will be submitted for multi-element analysis with results expected to be returned in late January.