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Capricorn Metals Confirm 4 m Ounces of Gold Reserves

Capricorn Metals (ASX: CMM)

Maintains group Ore Reserve Estimate at 30 June 2025 at 4 million ounces of gold after another strong year of production.

The ongoing drilling at the Mt Gibson Gold Project since the last ORE update for that project in November 2024 will be used to underpin an updated open pit ORE in Q3 FY26 and maiden underground ORE in H2 FY26. Continue reading

Capricorn’s Karlawinda Expansion Project Siteworks Underway

Capricorn Metals (ASX: CML)

Reported that work has commenced on the ground at the Karlawinda Expansion Project with early progress achieved towards targeted first gold production in Q1 FY27.

The KEP will increase the processing capacity at Karlawinda to 6.5Mt per year and gold production to around 150,000 ounces per annum. Continue reading

Capricorn Metals Karlawinda to Increase Gold Production

Capricorn Metals (ASX: CMM)

Announced Board approval for the expansion of the KGP.  The expansion will incorporate the installation of a new three stage crushing and ball mill circuit to increase processing capacity to 6.5Mtpa.

The average annual gold production from the expanded KGP is expected to be in the order of 150,000 ounces. Continue reading

Capricon Metals Quarterly Exploration Update

Capricorn Metals (ASX: CMM)

Published their Quartery Exploration Update doe their Mt. Gibson and Karlawinda projects.

Assays received from 123 resource definition holes (19,738 metres) since the last update in April 2024 continue to return exceptional results within and extensional to the resource. Continue reading

Capricorn’s Karlawinda Mine Delivers Strong Cashflow

Capricorn Metals (ASX: CMM)

Advised that the Karlawinda Gold Project  achieved 26,017 ounces of gold production for the March 2024 quarter.

Gold production for the quarter was in line with the update provided to ASX on 11 March 2024 as a result of in excess of 280mm of rain in the quarter impacting open pit mining activities at KGP. Continue reading