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Capricorn Metals Ltd ( (AU:CMM) ) has issued an update.
Capricorn Metals Ltd has announced a significant increase in the Mineral Resource Estimate (MRE) for the Orion South Underground at the Mt Gibson Gold Project, now totaling 895,000 ounces of gold. This represents a 31% increase since the maiden underground MRE in July 2025, driven by extensive diamond drilling. The updated MRE indicates strong potential for resource growth and further exploration opportunities, with ongoing drilling efforts aimed at improving resource classifications and extending the resource depth. This development underscores Capricorn’s strategy to expand its resource base and establish Mt Gibson as a long-term mining operation, benefiting stakeholders by potentially increasing production capacity and extending mine life.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.30 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is a company operating in the gold mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in mining activities at the Mt Gibson Gold Project, which aims to establish long-term open pit and underground mining operations.
Average Trading Volume: 1,983,042
Technical Sentiment Signal: Buy
Current Market Cap: A$5.66B
Learn more about CMM stock on TipRanks’ Stock Analysis page.