Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
BPM Minerals Ltd. ( (AU:BPM) ) has issued an announcement.
Capricorn Metals Ltd has announced the acquisition of the Claw Gold Project from BPM Minerals Limited, expanding its Mt Gibson Project in Western Australia. The Claw Gold Project, covering 398 square kilometers, is considered highly prospective for gold mineralization, with Capricorn identifying seven target zones for exploration. The acquisition involves a $1.5 million transaction, with additional contingent payments based on future resource estimates and mining operations. This strategic expansion aims to enhance Capricorn’s exploration footprint and potentially increase ore sources for the Mt Gibson operation.
More about BPM Minerals Ltd.
Capricorn Metals Ltd is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in expanding its Mt Gibson Gold Project in the Murchison region of Western Australia, targeting highly prospective areas for gold mineralization.
Average Trading Volume: 743,792
Technical Sentiment Signal: Sell
Current Market Cap: A$4.1M
For detailed information about BPM stock, go to TipRanks’ Stock Analysis page.