Capricorn Metals Expands WA Portfolio with Claw Gold Project Acquisition

Capricorn Metals Ltd (ASX: CMM), a leading Australian gold producer with a market cap of ~$4.1 billion, has entered a binding agreement to acquire the Claw Gold Project from BPM Minerals Ltd (ASX:BPM). At the time of writing, the deal includes an upfront payment of $1.5 million—comprising a $100,000 deposit, $500,000 on completion, and $900,000 in cash or Capricorn shares. The agreement also features up to $1.5 million in milestone payments: $750,000 upon defining a JORC-compliant resource exceeding 75,000 oz, and another $750,000 upon a board-approved mining decision. The Claw Project, located in Western Australia, complements Capricorn’s existing Karlawinda and Mt Gibson operations. This acquisition aligns with Capricorn’s strategy to consolidate high-potential gold assets in Tier-1 jurisdictions, enhancing its long-term production pipeline and exploration upside in a buoyant gold market. Completion is expected in July 2025, pending due diligence. 

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