InvestSMART

Capricorn Metals Ltd (ASX:CMM)

ALERT: Price-sensitive ASX Announcement for CMM
Current share price for CMM : $14.900 -3.22 (-17.77%)+
Announcement
Release
26 Aug 2026 12:49PM
Price at Release
$18.120
Full Release
download
Summary
Capricorn Metals Ltd announced the completion of the divestment of its non-core Big Springs Gold Project to Sentinel Metals Ltd, receiving A$13.7 million upfront in cash and shares, with additional deferred payments contingent on future exploration success. This strategic move allows Capricorn to concentrate on its main operations in Western Australia, while maintaining a stake in any exploration gains at Big Springs through financial agreements with Sentinel.
Key Points
  • Capricorn Metals Ltd completed the divestment of the Big Springs Gold Project to Sentinel Metals Ltd.
  • The transaction included an upfront consideration of A$13.7 million, consisting of A$8.5 million in cash and a 6.2% shareholding in Sentinel valued at approximately A$5.2 million.
  • Capricorn will receive additional deferred payments of A$12.5 million based on future mineral resource estimates and market conditions.
  • The sale allows Capricorn to focus on its core projects, Karlawinda and Mt Gibson in Western Australia.
  • Capricorn retains exposure to Big Springs through deferred milestone payments and its equity investment in Sentinel.
  • The transaction was advised by Longreach Capital and Corrs Chambers Westgarth.
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.