https://newsletter.en.creamermedia.com
Exploration|Gold|PROJECT|Proximity
Exploration|Gold|PROJECT|Proximity
exploration|gold|project|proximity

Capricorn expands Karlawinda with Deadman Flat buy

24th January 2025

By: Creamer Media Reporter

     

Font size: - +

Gold company Capricorn Metals has announced it will acquire the prospective Deadman Flat project tenements of Peregrine Gold, covering 270 km2 contiguous to its Karlawinda gold project in Pilbara.

The acquisition consolidates the company’s holding of Pilbara Craton greenstones in proximity to the Pilbara-Yilgarn Craton margin.

“The acquisition of the Deadman Flat project expands the Karlawinda gold project exploration footprint and completes the consolidation of the highly prospective southern margin of the Sylvania Inlier, including tenements directly along the strike of thecompany's Central Zone prospect. This provides Capricorn with an outstanding exploration opportunity with a view to finding meaningful additional ore sources for the Karlawinda operation,” said executive chairperson Mark Clark.

The transaction consideration is A$1.5-million, which Capricorn will settle through the issue to Peregrine of fully paid ordinary Capricorn shares upon completion.

A further consideration includes the grant of a 1% net smelter royalty on the sale of all precious minerals and a 1.5% net smelter royalty in respect of the sale of non-precious minerals extracted from the Deadman Flat project area.

In addition, the company has agreed to make contingent deferred payments of A$1.5-million.

Edited by Creamer Media Reporter

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

VR Print MD Hilton Janse van Rensburg
VR Print empowers brands
11th March 2025

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:0.236 0.326s - 264pq - 2rq
Subscribe Now