Caprice Resources has appointed CEO Luke Cox as Managing Director, underscoring confidence in his leadership to drive exploration and development in the Murchison Goldfields and West Arunta regions.
- Luke Cox promoted from CEO to Managing Director
- Focus on advancing Island Gold and Comet Gold projects
- Base salary set at A$300,000 with incentive eligibility
- Strategic continuity emphasized by board and management
- Exploration growth targeted in gold, base metals, and rare earths
Leadership Transition Signals Strategic Confidence
Caprice Resources Ltd (ASX – CRS) has announced the appointment of Luke Cox, previously the company’s Chief Executive Officer, to the role of Managing Director effective 24 October 2025. This move reflects the board’s strong endorsement of Cox’s leadership and his pivotal role in steering Caprice’s exploration and development efforts.
Since taking the helm as CEO in July 2024, Cox has been instrumental in repositioning Caprice as a disciplined and results-driven explorer focused on the prolific Murchison Goldfields. His elevation to Managing Director not only cements his influence over the company’s strategic direction but also ensures continuity as Caprice intensifies its growth initiatives.
Driving Growth in Key Gold Projects
Under Cox’s expanded remit, Caprice is set to accelerate exploration and resource expansion across its flagship Island Gold Project and the recently acquired Comet Gold Project. Both projects lie within the Murchison Goldfields, a region renowned for its high-grade gold mineralisation and potential for significant discoveries.
The company is also advancing early-stage technical workstreams and positioning itself as a leading gold explorer in the Murchison, while simultaneously emerging as a notable player in the West Arunta region. The West Arunta holds promise for base metals and rare earth elements, with Caprice’s substantial landholding among the largest of any ASX-listed company in this frontier mineral province.
Compensation and Incentives Align with Growth Ambitions
Cox’s remuneration package includes a base salary of A$300,000 per annum, exclusive of superannuation, subject to annual review. He remains eligible for both short-term incentive plans and long-term equity incentives, contingent on shareholder approval and performance hurdles. These arrangements align his interests with the company’s growth trajectory and shareholder value creation.
Caprice’s Non-Executive Chair, Rob Waugh, highlighted the board’s enthusiasm for the opportunities ahead, emphasizing a highly active exploration period aimed at unlocking further value across the company’s diverse portfolio of gold, base metals, and rare earth assets.
Looking Ahead
As Caprice Resources consolidates its position in two of Western Australia’s most promising mineral provinces, Cox’s appointment signals a clear commitment to disciplined exploration and technical excellence. Investors will be watching closely for upcoming exploration results and how the company leverages its expanded leadership to translate geological potential into tangible resource growth.
Bottom Line?
Luke Cox’s elevation to Managing Director sets the stage for Caprice’s next phase of exploration-driven growth.
Questions in the middle?
- How will upcoming exploration results at Island Gold and Comet projects impact Caprice’s valuation?
- What specific performance hurdles will govern Cox’s long-term incentives?
- How might Caprice’s strategy evolve in the West Arunta region amid emerging rare earth opportunities?