https://newsletter.en.creamermedia.com
Construction|Crushing|Financial|Gold|Installation|PROJECT|Drilling|Operations
Construction|Crushing|Financial|Gold|Installation|PROJECT|Drilling|Operations
construction|crushing|financial|gold|installation|project|drilling|operations

A$120m Pilbara gold expansion approved

29th October 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Gold miner Capricorn Metals has secured board approval for a A$120-million expansion of its Karlawinda gold project (KGP) in the Pilbara region, targeting production of 150 000 oz/y.

Coupled with the development of the Mount Gibson mine, this would position Capricorn to join a select group of companies achieving more than 300 000 oz/y of gold production, all sourced from Australian operations.

The positive investment decision for the expansion of the KGP, which started operations in June 2021, follows a significant increase in the project’s proved and probable reserves to 1.43-million ounces.

“The board's approval of KGP's expansion reflects the quality and simplicity of the operation and the optionality that comes from increasing reserves and mine life with targeted resource drilling,” said executive chairperson Mark Clark.

The expansion will incorporate the installation of a new three-stage crushing and ball mill circuit to increase processing capacity to 6.5-million tonnes a year.

Construction will be completed in the fourth quarter of the 2026 financial year.

The expansion has a ten-year mine life and the project has an internal rate of return of 20 months.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (17/01/2025)
17th January 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.412 0.504s - 194pq - 2rq
Subscribe Now