New Regis, Equigold incarnation at Capricorn tracking well

CALL it Regis Mark II or Equigold Mark III, all looks on track at Capricorn Metals with the successful team now running the company expecting to sign off on financing with Macquarie next month, and capital and operating costs to broadly come in at levels previously estimated for the 100,000 ounce per annum Karlawinda development in Western Australia.

New Regis, Equigold incarnation at Capricorn tracking well New Regis, Equigold incarnation at Capricorn tracking well New Regis, Equigold incarnation at Capricorn tracking well New Regis, Equigold incarnation at Capricorn tracking well New Regis, Equigold incarnation at Capricorn tracking well

An aerial view of Capricorn's Karlawinda project near Newman

Speaking today at the company's AGM, Capricorn CEO Kim Massey said the expectation was for capex in the order of A$140-150 million and operating costs in the $1150s/oz range.