Capricorn Metals expansion plans

Capricorn Metals (ASX:CMM) has announced an expansion project for its Karlawinda Gold Project aimed at increasing annual gold production to 150,000 ounces. The project involves a new three-stage crush and ball mill circuit, boosting processing capacity to 6.5 million tonnes per annum. A capital investment of $120 million is required, with completion targeted for the fourth quarter of fiscal year 2026.

Project overview and future outlook

Capricorn Metals has outlined an expansion plan for the Karlawinda Gold Project to increase its gold production capacity. The expansion includes a new processing circuit and infrastructure improvements, requiring a $120 million investment. The project aligns with Capricorn's strategy to become a major gold producer, potentially exceeding 300,000 ounces annually. Aiming for completion by the end of FY26, the project will retain a mine life of 10 years with potential for further growth. The expansion is expected to enhance processing flexibility and cash flow, with a targeted all-in sustaining cost of $1,700 per ounce. Capricorn is committed to sustainable practices, with environmental impacts contained within existing leases, and anticipates completing permitting by Q4 FY25.

Executive insights on expansion

The operation's quality and simplicity offer potential for increased reserves and mine life through targeted resource drilling. The project's financials are robust with industry-leading cash flows.