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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Karlawinda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Mine Development | |
| Report details: | 20-6-2018: Capricorn Metals Ltd. announces a Optimisation Study report for its Karlawinda deposit at the Karlawinda project. Optimisation Study results incl. pre-tax NPV of A $243M (8%), IRR of 36.3%, 8.5yr LOM at the project. Capricorn Metals Ltd (ASX: C | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn Metals Ltd (ASX: CMM) (“Capricorn” or “the Company”) is pleased to announce the results of a recently completed Optimisation Study for its flagship 100%-owned Karlawinda Gold Project in WA’s Pilbara which has resulted in significant improvements to the economic parameters of the project. The Optimisation Study is one of several activities undertaken since the completion of the October 2017 Feasibility Study (see ASX announcement dated 23 October 2017), in parallel with ongoing work to finalise the project’s permitting requirements. These activities have included Capricorn’s Executive Chairman, Heath Hellewell, said: “In parallel with the final stages of permitting the Karlawinda Gold Project, our team have also been working with our consultants to further enhance the value of the Project - and the results have been fantastic.” The value of the Project has increased by approximately $100 million with improved rates of return and quicker payback. This outstanding result highlights the serious potential of our Project and brings us even closer to becoming Australia’s newest significant gold producer” | |
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