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Caspin Resources Limited (ASX:CPN)

ALERT: Price-sensitive ASX Announcement for CPN
Current share price for CPN : $0.125 -0.015 (-10.71%)+
Announcement
Release
19 Feb 2026 8:07AM
Price at Release
$0.140
Full Release
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Summary
Caspin Resources Limited, listed on the ASX under the code CPN, presented its company and project updates at the RIU Explorers Conference. The company is heavily focused on the Bygoo Tin Project in New South Wales, Australia, with the significant Kelpie Deposit identified as having an Inferred Mineral Resource Estimate of 3.94 million tonnes at 0.5% Sn for 19,300 tonnes of contained tin. Caspin's broader exploration strategy targets a potential 12-20 million tonnes at similar grades, with plans to expand through further drilling and resource growth initiatives. The Kelpie Deposit represents just a small portion of the prospective Ardlethan Granite region, suggesting considerable upside in untapped mineralization. Caspin simultaneously pursues diverse commodities, including tin, gold, nickel, copper, and rare earth elements, with key projects across Australia. Led by Managing Director Greg Miles, the company maintains a robust market presence with strategic metallurgical advancements and ongoing resource development plans.
Key Points
  • Caspin Resources Limited is focused on the Bygoo Tin Project in New South Wales, Australia.
  • The Kelpie Deposit has an Inferred Mineral Resource Estimate of 3.94 million tonnes at 0.5% Sn for 19,300 tonnes of contained tin.
  • Exploration targets at Bygoo include 12-20 million tonnes grading 0.35-0.50% Sn.
  • Kelpie Deposit represents just 5% of the prospective eastern contact of the Ardlethan Granite.
  • Caspin's strategy involves further drilling to expand the resource and identify new targets.
  • The company's projects span diverse commodities, including tin, gold, nickel, copper, and rare earth elements.
  • Caspin Resources has a strong focus on metallurgical results to optimize resource potential.
  • Financially, Caspin's market capitalization was approximately A$34 million with a share price of A$0.14 as of February 2026.
  • Caspin Resources has undertaken a 5,000m RC drill program at the Kelpie Deposit.
  • The company's leadership team includes Greg Miles as Managing Director and Justin Tremain as Non-Executive Chair.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.