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Code CMM Source ASX

A Compelling Opportunity in The Australian Gold Sector

Capricorn Metals Ltd is an Australian based gold producer headquartered in Perth, Western Australia. The Company operates within two distinct project areas within Western Australia:

  1. The Karlawinda Gold Project located 65 kilometres south-east of Newman in the Pilbara region of Western Australia which has been operational since June 2021; and
  2. The Mt Gibson Gold Project which was acquired in July 2021 and is a development project located in the Mid-West region of WA, 280 kilometres northeast of Perth.
Mt Gibson Gold Project Location

The management team behind Capricorn Metals are a very experienced team that has worked together for a number of years across a number of successful gold companies including Equigold NL and most recently Regis Resources Limited. Over that time they have developed and operated several open-pit/CIL projects similar to Karlawinda building a reputation for delivering strong returns to shareholders.

Across the two project areas the Company has a total Resource base of 4.2 million ounces and 1.2 million ounces of Reserves. In addition, the Company has a prospective tenement package at both Karlawinda and Mt Gibson and is actively exploring the region.