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Code CMM Source ASX

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 gold mining project in the second half of 2017.

After acquiring its flagship Karlawinda Gold Project at the beginning of 2016, Capricorn has moved quickly to de-risk the project over the past 12 months – upgrading the 1.1 Moz resource at the Bibra deposit, 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.

A Definitive Feasibility Study (DFS) on development of the Bibra deposit is due for completion by September Quarter 2017.

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.