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 to grow project Resources which are currently estimated at 1.3Moz, an increase of 100% since the acquisition of the Project.

In August 2017 a maiden Reserve of 713koz was estimated for the Bibra deposit, which forms the basis of the Company’s economically and technically robust feasibility study into the sand-alone development of the project. Ongoing optimisation studies and Reserve growth are expected to further enhance the project economics over the first half of 2018 as the Company continues to complete project permitting and project financing and ultimately reaches a final investment decision in mid-2018.

Well-funded with a high calibre Board and management team, Capricorn is aspiring to deliver shareholders a highly profitable open pit gold mining project at Bibra in mid-2019, to realise the enormous exploration potential of the greater Karlawinda project and to build a significant Australian gold company.