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Capricorn Metals Ltd ( (AU:CMM) ) just unveiled an announcement.
Capricorn Metals Ltd has announced the acquisition of the Claw Gold Project from BPM Minerals Limited, expanding its Mt Gibson Project tenure in Western Australia. The Claw Gold Project, covering 398 square kilometers, is highly prospective for gold mineralization, with Capricorn identifying seven exploration target zones. The acquisition, valued at $1.5 million, includes contingent deferred payments based on future resource estimates and mining operations. This strategic move enhances Capricorn’s exploration opportunities, potentially adding significant ore sources to its Mt Gibson operations.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$7.10 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 mining industry, primarily focused on gold exploration and production. The company is actively expanding its operations in the Murchison region of Western Australia, with a market focus on developing and acquiring prospective gold projects.
Average Trading Volume: 1,586,985
Technical Sentiment Signal: Buy
Current Market Cap: A$4B
See more insights into CMM stock on TipRanks’ Stock Analysis page.