Capricorn Metals Ltd (AU:CMM) has released an update.
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Capricorn Metals Ltd has announced its acquisition of the Sylvania Project, expanding its Karlawinda Gold Project tenure in Western Australia by an additional 1,740 square kilometers. The deal, valued at $1.5 million in Capricorn shares, includes potential royalties and contingency payments based on future mineral resource estimates and mining decisions. This acquisition enhances Capricorn’s exploration opportunities, particularly around the prospective Central Zone, for discovering additional ore sources.
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