Capricorn Metals Expands Mt Gibson Footprint with $4.5m Yalgoo Project Acquisition

Capricorn Metals Ltd ( (AU:CMM) ) has provided an update.

Capricorn Metals has agreed to acquire Tempest Minerals’ Yalgoo Project tenement package in Western Australia for $4.5 million in cash and shares, expanding the company’s landholding north of its Mt Gibson Gold Project and contiguous with its recently acquired Golden Range and Fields Find projects. The deal, which is subject to due diligence, regulatory consents and ASX confirmation, transfers the Yalgoo Tenements outright to Capricorn and grants it rights to explore and develop all non-iron minerals on the Iron Tenements, with additional contingent payments tied to future resource delineation and a mining decision. Covering about 1,000 square kilometres on a largely untested 60km strike in the highly prospective Yalgoo-Singleton Greenstone Belt, the project adds multiple drill-ready gold targets that Capricorn plans to advance through mapping and geochemical work in 2026, supporting its strategy to secure meaningful additional ore sources for Mt Gibson and strengthen its regional growth pipeline.

The most recent analyst rating on (AU:CMM) stock is a Hold with a A$15.80 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 an Australian gold mining and exploration company with a focus on developing and expanding its Mt Gibson Gold Project and nearby tenements in the South Murchison region of Western Australia. The company is actively consolidating prospective ground around its existing operations, targeting gold-rich greenstone belts and associated mineral systems to build a pipeline of potential ore sources for future production growth.

Average Trading Volume: 2,238,389

Technical Sentiment Signal: Buy

Current Market Cap: A$6.52B

See more data about CMM stock on TipRanks’ Stock Analysis page.