Capricorn Metals Ltd (AU:CMM) has released an update.
Capricorn Metals Ltd has announced a 15% increase in Ore Reserve Estimate at Karlawinda Gold Project, now totaling 1.43 million ounces, and has initiated a study to consider expanding the operation’s throughput by 2-2.5 million tonnes per annum. The company’s total Ore Reserve has reached 3.3 million ounces, and the potential expansion aligns with their strategy to enhance production rate and profitability. The expansion study, aimed to be completed by Q2FY25, reflects the company’s commitment to growth and the long-term sustainability of the project.
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