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An announcement from Capricorn Metals Ltd ( (AU:CMM) ) is now available.
Capricorn Metals Ltd has agreed to purchase the Ninghan Gold Project from Sabre Resources Ltd for $1.6 million, with an initial $100,000 cash deposit and the remainder in Capricorn shares. The deal includes a 1% net smelter royalty and contingent milestone payments up to $1.75 million, tied to exploration and development milestones. This acquisition is expected to enhance Capricorn’s exploration portfolio, given the project’s proximity to its existing Mt Gibson Gold Project and its potential for gold mineralization.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is a company involved in the gold mining industry, owning significant projects such as the Karlawinda and Mt Gibson Gold Projects in Western Australia. The company is focused on gold exploration and development, with a market capitalization of $3.9 billion.
YTD Price Performance: 61.94%
Average Trading Volume: 1,876,443
Technical Sentiment Signal: Sell
Current Market Cap: A$4.38B
Learn more about CMM stock on TipRanks’ Stock Analysis page.