What's Happening?
Capricorn Metals has commenced siteworks for the expansion of its Karlawinda Gold Project in Western Australia. The project aims to increase the processing capacity to 6.5 million tonnes per year and boost gold production to approximately 150,000 ounces annually. The expansion includes the construction of a 164-room accommodation facility and the mobilization of a plant site concrete contractor. The process plant design is 75% complete, with key equipment orders placed, including a ball mill scheduled for delivery in Q4 FY2026.
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Why It's Important?
The expansion of the Karlawinda Gold Project is significant for Capricorn Metals as it aims to enhance its production capacity and profitability. This development is expected to contribute to the local economy by creating jobs and increasing gold output. The project also reflects the ongoing investment in the mining sector in Western Australia, which is a key driver of the region's economic growth. Successful completion of the expansion could position Capricorn Metals as a leading player in the gold mining industry.
