The latest announcement is out from Capricorn Metals Ltd ( (AU:CMM) ).
Capricorn Metals Ltd has announced the acquisition of the Kings Find Project from Serena Minerals Limited, expanding its Mt Gibson Project tenure in Western Australia. The Kings Find Project, covering 54 square kilometers, is highly prospective for gold mineralization, with Capricorn identifying four target zones for exploration. The acquisition, valued at $1.5 million, includes a cash deposit and Capricorn shares, with additional contingent payments based on future resource estimates and mining operations. This strategic move enhances Capricorn’s exploration opportunities and positions the company to potentially increase its ore sources at the Mt Gibson operation.
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 engaged in expanding its operations in the Murchison region of Western Australia, with a significant focus on the Mt Gibson Gold Project.
YTD Price Performance: 18.47%
Average Trading Volume: 1,082,345
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$3.07B
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