CAPRICORN METALS LTD

CAPRICORN METALS LTD (ASX: CMM)

Strong exploration results continue at Karlawinda Gold Project (KGP) and Mt Gibson Gold Project (MGGP), with significant gold mineralisation detected.
KGP first pass RC drill programme has completed and a follow-up infill and extensional RC drilling programme has commenced.
MGGP has completed 15,468 metres of RC resource definition and extensional drilling, yielding exceptional assay results within and outside the current resource.

2023-04-26 08:59:00

Pre-feasibility study confirms a 1.45 million ounce Ore Reserve at Mt Gibson Gold Project.
Average annual gold production of 152,000 ounces for the first 7.5 years at an AISC of A$1,420 per ounce.
Potential to lift Capricorn to circa 270,000 ounces per annum production, ranking in the 10 largest ASX listed gold producers.

2023-04-19 09:22:00

KGP produced 30,841 ounces of gold in Q3FY23, bringing the year-to-date production to 91,156 ounces, on track for FY23 guidance of 115,000 - 125,000 ounces.
Despite challenges including a weather event and a mill shut down, disruptions are not expected to affect Q4 production.
The Company's cash and gold on hand at the end of March 2023 was $119.5 million, reflecting strong operating margins.

2023-04-05 08:31:00

115,139 metres of RC resource definition and extension drilling completed at the Mt Gibson Gold Project in the 12 months ending 31 December 2022.
Assays from 160 holes returned exceptional results within and extensional to the current MRE.
At the Karlwinda Gold Project, drilling continued on near mine prospect Carnoustie with 10 RC holes (2,148 metres) and 31 Aircore holes (2,072 metres) drilled in the December 2022 quarter, assay results expected in the March 2023 quarter

2023-01-27 09:22:00