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Capricorn Metals Ltd (ASX:CMM)

ALERT: Price-sensitive ASX Announcement for CMM
Current share price for CMM : $13.265 -1.515 (-10.25%)+
Announcement
Release
23 Dec 2025 8:31AM
Price at Release
$14.780
Full Release
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Summary
Capricorn Metals Ltd has announced a binding agreement with Tempest Minerals Limited to acquire the Yalgoo Project in Western Australia, expanding its Mt Gibson Project tenure. The Yalgoo Project, covering about 1,000 square kilometers, is highly prospective for gold and is located near Capricorn's existing projects. The acquisition involves a total consideration of $4.5 million, with part of the payment in Capricorn shares. Conditions for the transaction include due diligence and necessary consents, with completion expected in January 2026. Additionally, Capricorn will make deferred payments based on future resource development at Yalgoo.
Key Points
  • Capricorn Metals Ltd to acquire Yalgoo Project from Tempest Minerals Limited.
  • Yalgoo Project covers 1,000 square kilometers and is prospective for gold.
  • Transaction valued at $4.5 million with shares as part of the payment.
  • Conditions include due diligence and third-party consents.
  • Expected completion of acquisition in January 2026.
  • Deferred payments contingent on future resource development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.