Capricorn Metals to Acquire Yalgoo Project in AU$4.5 Million Deal
Source: Kapitales Research
Highlights:
Capricorn Metals has executed a binding agreement to acquire the Yalgoo Project from Tempest Minerals.
The transaction carries a total consideration of AU$4.5 million, comprising cash and Capricorn shares, with additional contingent milestone payments.
The acquisition expands Capricorn’s regional footprint in the Murchison and strengthens its Mt Gibson growth pipeline.
Acquisition Expands Regional Footprint
Capricorn Metals Limited (ASX: CMM) has agreed to acquire the Yalgoo Project tenement package from Tempest Minerals Limited (ASX: TEM), further expanding its landholding in the South Murchison region of Western Australia. The Yalgoo Project spans roughly 1,000 square kilometres and sits alongside Capricorn’s Golden Range and Fields Find holdings, located to the north of the Mt Gibson Gold Project.
The transaction consideration totals AU$4.5 million and includes an initial cash deposit of AU$100,000, followed by AU$400,000 payable on completion. The balance of AU$4.0 million will be met through the issuance of fully paid ordinary shares in Capricorn, priced based on the five-day volume weighted average price leading up to completion.
Contingent Payments and Tenement Structure
In addition to the upfront consideration, the agreement includes contingent milestone payments linked to exploration success and development outcomes. Capricorn has agreed to make cash payments of AU$750,000 upon the declaration of a JORC-compliant mineral resource exceeding 75,000 ounces of gold at Yalgoo, and a further AU$750,000 following a board decision to commence commercial mining operations. Each contingent payment may be triggered once per tenement, with the total number of such payments capped at three.
Under the transaction terms, the Yalgoo tenements will be transferred to Capricorn free of third-party royalties or encumbrances. Tempest will keep ownership of the eastern tenements containing iron mineralisation, while providing Capricorn with the rights to explore for and develop all other minerals on those tenements.
Strategic Rationale and Exploration Potential
The Yalgoo Project is considered highly prospective for gold mineralisation, with multiple geological settings capable of hosting economic deposits. Capricorn has identified several priority exploration targets across the project area, which lies within the Yalgoo–Singleton Greenstone Belt, a region known for significant gold and base metal discoveries.
Management views the acquisition as a logical extension of Capricorn’s consolidation strategy in the Mt Gibson district. By adding Yalgoo to its portfolio, the company aims to create additional optionality for future ore sources that could complement and extend the operating life of the Mt Gibson Gold Project.
Transaction Timing and Next Steps
Completion of the acquisition is subject to standard procedural and administrative conditions, including regulatory confirmations and any required shareholder approvals. Subject to these conditions being satisfied, completion is expected in early 2026.
Following completion, Capricorn plans to commence systematic exploration across the Yalgoo Project, with early-stage work expected to focus on geological mapping, geochemical sampling, and target refinement ahead of drilling.
Outlook
The acquisition of the Yalgoo Project reinforces Capricorn Metals’ strategy of building scale and optionality within a proven gold province. Investor focus is likely to centre on exploration progress, completion timing, and the potential for Yalgoo to deliver new resources that enhance Capricorn’s longer-term production profile in the Mt Gibson region.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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Capricorn Metals to Acquire Yalgoo Project in AU$4.5 Million Deal
Highlights:
Acquisition Expands Regional Footprint
Capricorn Metals Limited (ASX: CMM) has agreed to acquire the Yalgoo Project tenement package from Tempest Minerals Limited (ASX: TEM), further expanding its landholding in the South Murchison region of Western Australia. The Yalgoo Project spans roughly 1,000 square kilometres and sits alongside Capricorn’s Golden Range and Fields Find holdings, located to the north of the Mt Gibson Gold Project.
The transaction consideration totals AU$4.5 million and includes an initial cash deposit of AU$100,000, followed by AU$400,000 payable on completion. The balance of AU$4.0 million will be met through the issuance of fully paid ordinary shares in Capricorn, priced based on the five-day volume weighted average price leading up to completion.
Contingent Payments and Tenement Structure
In addition to the upfront consideration, the agreement includes contingent milestone payments linked to exploration success and development outcomes. Capricorn has agreed to make cash payments of AU$750,000 upon the declaration of a JORC-compliant mineral resource exceeding 75,000 ounces of gold at Yalgoo, and a further AU$750,000 following a board decision to commence commercial mining operations. Each contingent payment may be triggered once per tenement, with the total number of such payments capped at three.
Under the transaction terms, the Yalgoo tenements will be transferred to Capricorn free of third-party royalties or encumbrances. Tempest will keep ownership of the eastern tenements containing iron mineralisation, while providing Capricorn with the rights to explore for and develop all other minerals on those tenements.
Strategic Rationale and Exploration Potential
The Yalgoo Project is considered highly prospective for gold mineralisation, with multiple geological settings capable of hosting economic deposits. Capricorn has identified several priority exploration targets across the project area, which lies within the Yalgoo–Singleton Greenstone Belt, a region known for significant gold and base metal discoveries.
Management views the acquisition as a logical extension of Capricorn’s consolidation strategy in the Mt Gibson district. By adding Yalgoo to its portfolio, the company aims to create additional optionality for future ore sources that could complement and extend the operating life of the Mt Gibson Gold Project.
Transaction Timing and Next Steps
Completion of the acquisition is subject to standard procedural and administrative conditions, including regulatory confirmations and any required shareholder approvals. Subject to these conditions being satisfied, completion is expected in early 2026.
Following completion, Capricorn plans to commence systematic exploration across the Yalgoo Project, with early-stage work expected to focus on geological mapping, geochemical sampling, and target refinement ahead of drilling.
Outlook
The acquisition of the Yalgoo Project reinforces Capricorn Metals’ strategy of building scale and optionality within a proven gold province. Investor focus is likely to centre on exploration progress, completion timing, and the potential for Yalgoo to deliver new resources that enhance Capricorn’s longer-term production profile in the Mt Gibson region.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au