Story · Western Australia
Capricorn Metals Ltd Reports Gold Reserve Increase and Mount Gibson PFS Update
Capricorn Metals Ltd released three significant updates to the ASX, including an increase in total gold reserves to 5.2 million ounces across its Karlawinda and Mount Gibson projects in Western Australia. The company also released an updated pre-feasibility study (PFS) for Mount Gibson, outlining a development plan that allows the underground mine to commence alongside the open pit operation. This is expected to ramp up forecast gold production. CEO Mark Clark described the updates as marking an inflection point for the company over the next five years, emphasizing low-cost, low-complexity operations that position Capricorn to deliver long-term shareholder value.
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