For thousands of other reports visit RSC's Mineral Intellingence Map
Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Karlawinda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-7-2016: Capricorn Metals Ltd. announces a Scoping Study report for its Karlawinda deposit at the Karlawinda project. Scoping study results for Karlawinda project, proceeding directly to DFS. 29th July 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to | |
| Resources: | (Resource, Inf.): 25.5Mt @ 1.1g/t Au for 914000oz Au contained at Bibra | |
| CP/QP: | [Resources]: Michael Martin, Peter Langworthy (OMNI GeoX Pty Ltd.;Internal) | |
| ABSTRACT: | 29th July 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that it has commenced a Definitive Feasibility Study (DFS) on its 100%-owned Karlawinda Gold Project in WA (Figure 1) as part of its strategy to fast track the development of a significant new Australian gold project. This follows the completion of a highly successful Scoping Study which has demonstrated the potential of the Bibra deposit to underpin an open pit gold development and the significant progress made by the Company with a number of pre-development activities. The DFS is targeted for completion by Q2 2017, potentially paving the way for a decision to mine. The Company is pleased to present the results of the Karlawinda Open Pit Scoping Studies, with work completed to date covering most of the key project components. The Scoping Study builds on considerable previous studies by Independence Group (ASX: IGO), which discovered the Bibra gold deposit at Karlawinda in 2009 and by 2013 had completed significant engineering, metallurgical and environmental studies. The Mineral Resource underpinning the Study is the Inferred Resource of 25.5 million tonnes @ 1.1g/t gold containing 914,000 ounces, announced to the ASX on 4th July 2016. In-fill drilling to be completed as part of the DFS (60,000 metres), is aimed at increasing the confidence levels to largely Measured and Indicated Resources. This drilling program is planned to commence shortly. Significant infrastructure is available in the Pilbara region which services several major iron ore facilities. The Bibra deposit specifically benefits from the proximity of Newman township (65km distance) and the Capricorn facility (55km distance), which provide seven flights from Perth per day, several under-utilised camps, fuel supply, gas supply, engineering services and workforce. A Definitive Feasibility Study (‘DFS’) will commence immediately and is expected to be completed by 2Q 2017, at which time a Decision to Mine will be considered depending on the outcomes. Further details regarding the planned DFS activities and timetable will be released shortly. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report