“Despite all of our work over the last two years the very large Bibra system is yet to reveal all of its secrets and the next few months should be a particularly interesting period as we continue with a number of very exciting drill programs,” Capricorn’s executive chairman Heath Hellewell told the market.
Capricorn has two RC rigs in action, and has contracted a diamond core rig to begin drilling by the end of the month.
The drilling programs include infill as well as first pass and follow-up exploration targeting.
An updated reserve is expected next quarter, with geochemistry and aircore work also planned in the June period.
Development of the A$146 million Karlawinda project is in the financing stage.
The three million tonne per annum operation is peg...