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Capricorn Metals Ltd ( (AU:CMM) ) has issued an update.
Capricorn Metals Ltd has announced the acquisition of the Mummaloo Project, expanding its Mt Gibson Gold Project in Western Australia. The Mummaloo Project, covering 219 square kilometers, is highly prospective for gold mineralization with four identified target zones, enhancing Capricorn’s exploration opportunities. This strategic acquisition includes camp facilities and equipment, providing significant potential to boost the company’s resource base and operational capabilities. The transaction, valued at $3.5 million, is expected to be completed in February 2025, aiming to strengthen Capricorn’s market position and exploration footprint.
More about Capricorn Metals Ltd
Capricorn Metals Ltd operates within the mining industry, focusing primarily on gold exploration and production. The company is actively engaged in projects located in the Murchison region of Western Australia, with a particular emphasis on expanding its Mt Gibson Gold Project. Capricorn Metals targets regions known for significant mineral discoveries, aiming to enhance its gold deposit portfolio.
YTD Price Performance: 20.70%
Average Trading Volume: 1,011,932
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$3.11B
For detailed information about CMM stock, go to TipRanks’ Stock Analysis page.
