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Code CMM Source ASX

A compelling opportunity in the Australian gold sector

Capricorn Metals Ltd is a rapidly growing ASX-listed gold company, which is on target to commence development of a new, large West Australian open pit mining project in 2018.

After acquiring its flagship Karlawinda Gold Project at the beginning of 2016, Capricorn has moved quickly, upgrading the 1.1 Moz Resource after completing over 80,000m of resource drilling (one of the biggest drilling campaigns in the Australian gold sector in 2016), completing environmental, geotechnical and metallurgical programmes, and securing a Land Access Agreement and Mining Lease.

In August 2017 a maiden Reserve of 713koz was estimated for the Bibra deposit, which forms the basis of the Company’s feasibility study into the development of the project.

Well-funded with a high calibre executive team, Capricorn is aspiring to deliver its shareholders a highly profitable open pit mining project at Bibra, to realise the enormous exploration potential of the greater Karlawinda project and to build a significant Australian gold company.