Capricorn Metals Receives Federal Environmental Approval for MGGP
Key points
- Federal approval received for Mount Gibson Gold Project
- Approval subject to specified environmental conditions
- Company to submit Environmental Review Document to WA
- Targeting development commencement in Q4 2026
- Efficient ramp-up expected due to prior project design
Full summary
Capricorn Metals Limited announced that its subsidiary Crimson Metals Pty Ltd has received the necessary federal environmental approval for the expansion and operation of the Mount Gibson Gold Project (MGGP) from the Commonwealth Department of Climate Change, Energy, the Environment and Water (DCCEEW). This approval is subject to specific conditions related to environmental species and communities and marks a significant milestone for Capricorn. The company plans to submit its Environmental Review Document to the Western Australian government to finalize state-level approvals. Capricorn aims to commence development activities at MGGP in the December 2026 quarter, subject to completing the permitting process.
Guidance
Capricorn Metals targets development commencement at MGGP in Q4 2026.
Outlook
Capricorn Metals expects an efficient ramp-up of development activities at MGGP due to prior project design and contract execution.
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