Capricorn Metals Expands Mt Gibson Footprint Through Yalgoo Acquisition
Capricorn Metals Ltd (ASX: CMM) has entered a binding agreement to acquire the highly prospective Yalgoo Project from Tempest Minerals, strengthening its exploration position around the Mt Gibson Gold Project in Western Australia. The acquisition adds approximately 1,000 square kilometres of contiguous tenure, significantly extending Capricorn’s regional footprint and providing multiple new gold exploration opportunities. The project is located within the mineral-rich Yalgoo–Singleton Greenstone Belt, an area known for hosting major gold and base metal deposits. Consideration for the transaction totals AU$4.5 million, comprising a mix of cash payments and Capricorn shares, with additional contingent payments linked to future exploration success and development milestones. The Yalgoo Tenements will be transferred free of royalties, while Capricorn will also secure non-iron mineral rights over adjoining Iron Tenements. With several drill-ready targets identified, the Company plans to commence systematic exploration in 2026, aiming to uncover additional ore sources to support long-term growth at Mt Gibson.
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
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to this. Read our Privacy Policy and Terms & Conditions
Capricorn Metals Expands Mt Gibson Footprint Through Yalgoo Acquisition
Capricorn Metals Ltd (ASX: CMM) has entered a binding agreement to acquire the highly prospective Yalgoo Project from Tempest Minerals, strengthening its exploration position around the Mt Gibson Gold Project in Western Australia. The acquisition adds approximately 1,000 square kilometres of contiguous tenure, significantly extending Capricorn’s regional footprint and providing multiple new gold exploration opportunities. The project is located within the mineral-rich Yalgoo–Singleton Greenstone Belt, an area known for hosting major gold and base metal deposits. Consideration for the transaction totals AU$4.5 million, comprising a mix of cash payments and Capricorn shares, with additional contingent payments linked to future exploration success and development milestones. The Yalgoo Tenements will be transferred free of royalties, while Capricorn will also secure non-iron mineral rights over adjoining Iron Tenements. With several drill-ready targets identified, the Company plans to commence systematic exploration in 2026, aiming to uncover additional ore sources to support long-term growth at Mt Gibson.
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