Warriedar set to merge with Capricorn in strategic WA gold consolidation.

Warriedar Resources (ASX: WA8) has agreed to a court-approved scheme of arrangement under which Capricorn Metals will acquire 100% of Warriedar’s shares. Shareholders will receive 1 Capricorn share for every 62 Warriedar shares held, reflecting a 29% premium on recent trading prices and resulting in approximately 4.36% ownership of the merged entity.

The acquisition brings Warriedar’s 2.3 million ounces AuEq resource base—comprising 1.38 Moz of gold and 60 kt of antimony—along with a 0.8 Mtpa processing plant and critical WA infrastructure. These assets complement Capricorn’s Mt Gibson Gold Project and expand its regional footprint by around 25%. Warriedar CEO Amanda Buckingham will join Capricorn as a consultant for 12 months, supporting a smooth transition.

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