Latest Capricorn Metals News

Capricorn Metals has reported further high-grade gold intersections at Mt Gibson, with Lexington mineralisation extending beyond current pit and underground designs. The results support a planned maiden underground resource at Lexington later this quarter, but remain exploration results rather than an Ore Reserve.

Capricorn Metals produced 31,218 ounces of gold in the September quarter, while its Karlawinda expansion was completed on schedule and within budget. The enlarged operation is now running at 6.5 million tonnes a year, although the next test is converting that capacity into consistent production and costs.

Latitude 66 returned to a A$1.71 million FY2026 profit as asset sales funded a larger gold resource base and major KSB milestones. But the auditor flagged material uncertainty over the explorer’s ability to continue without further funding.

Tempest Minerals has reported a $4.62 million FY2026 loss after impairing $3.28 million of exploration assets, while cash fell to $969,693. The company retains exposure to Range gold drilling, the Remorse iron deposit and a $3.08 million Capricorn Metals shareholding, but says further funding will be needed to sustain exploration.

Albion Resources has moved into its maiden Gidgee drilling campaign, but the gold explorer’s $2.38 million cash balance and $2.52 million annual operating outflow underpin an auditor warning over its ability to continue without further funding. The company reported a $2.01 million FY2026 loss as it shifted exploration focus towards Gidgee and Yandal West.

Capricorn Metals has completed its Karlawinda Expansion Project on schedule and achieved the targeted 6.5 million tonnes per annum throughput. The expanded operation is expected to produce about 150,000 ounces of gold annually, although the plant remains in its ramp-up phase.

BPM Minerals has entered its most consequential exploration phase after expanding Beachcomber into a multi-lode gold system and securing A$6.6 million in cash. The company is now drilling toward a maiden JORC resource, although its option to acquire the Forelands project remains unexercised and no resource has yet been estimated.

Sentinel Metals has completed its acquisition of the Big Springs Gold Project in Nevada, adding over 1 million ounces to its North American gold resource base and positioning itself as a significant player in Tier-1 US mining jurisdictions.

Latitude 66 has finalised the sale of its non-core Piastri Project to Capricorn Metals, converting the deal into approximately A$1.79 million in shares. Alongside a recent royalty portfolio sale, this boosts Latitude 66’s war chest with over A$5 million to fund core exploration in Finland and Western Australia.

Terrain Minerals’ 2026 IP survey at Smokebush has pinpointed seven top-tier gold drill targets, including the strongest chargeability anomaly near its Lightning deposit, setting the stage for a 2027 drilling campaign.

Latitude 66 Limited has agreed to sell its non-core Piastri Project to Capricorn Metals for A$1.5 million in shares, enabling a sharper focus on its core Finnish and Western Australian assets.

Capricorn Metals has secured the Piastri Project adjacent to its Golden Range tenure for $1.5 million in shares, opening up a largely untested 15.2 km² area near the Ricciardo deposit for gold and antimony exploration.