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Capricorn Metals Ltd ( (AU:CMM) ) has shared an announcement.
Capricorn Metals Ltd has announced its acquisition of the Deadman Flat Project from Peregrine Gold Ltd, significantly expanding its Karlawinda Gold Project tenure in Western Australia by an additional 270 square kilometers. This strategic acquisition consolidates Capricorn’s holdings in the highly prospective Pilbara Craton region, enhancing their exploration opportunities. The deal, valued at $1.5 million in Capricorn shares and additional contingent payments, positions Capricorn to potentially discover new ore sources for its operations, with plans to commence exploration activities in Q3 2025.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is a company operating in the mining industry, focused on the exploration and development of gold resources. Its primary project is the Karlawinda Gold Project (KGP) in the Pilbara region of Western Australia, where it aims to expand its holdings and production capabilities.
YTD Price Performance: 15.61%
Average Trading Volume: 978,212
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.99B
Learn more about CMM stock on TipRanks’ Stock Analysis page.
