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Capricorn Metals Ltd (ASX:CMM)

ALERT: Price-sensitive ASX Announcement for CMM
Current share price for CMM : $15.570 3.67 (30.84%)+
Announcement
Release
27 Jul 2026 8:26AM
Price at Release
$11.900
Full Release
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Summary
Capricorn Metals Ltd is focusing on expanding its gold production capabilities through strategic development and expansion of its key projects: the Karlawinda Gold Project (KGP) and the Mt Gibson Gold Project (MGGP). The company is targeting a PFS and FID by CY27 for these projects, aiming to expand KGP to produce 150 kozpa by Q1 FY27, while MGGP is set to reach a steady-state production of 260 kozpa with development beginning in Q2 FY27. Capricorn's financial health is robust with substantial cash reserves and no debt, supporting its strategic growth initiatives.
Key Points
  • Capricorn Metals Ltd is targeting a PFS and FID for the MGGP and Golden Range projects by CY27.
  • Capricorn aims to expand its Karlawinda Gold Project (KGP) to produce 150 kozpa by Q1 FY27 with a mine life of over 10 years.
  • The Mt Gibson Gold Project (MGGP) aims for a steady-state production of 260 kozpa over a mine life of 19+ years.
  • The MGGP project is expected to commence development in Q2 FY27 and commissioning by Q3 FY28.
  • The Golden Range hub is under study for further underground growth with a focus on aggressive drilling.
  • Capricorn Metals maintains a strong balance sheet with $507 million in cash and bullion and is debt-free.
  • Capricorn's resources include 5.2 Moz in gold reserves and 8.66 Moz in mineral resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.