Federal Environmental Approval Received for MGGP
| Stock | Capricorn Metals Ltd (CMM.ASX) |
|---|---|
| Release Time | 30 Jun 2026, 8:15 a.m. |
| Price Sensitive | Yes |
Capricorn Metals Receives Federal Environmental Approval for MGGP
- 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
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.
Capricorn Metals targets development commencement at MGGP in Q4 2026.
Capricorn Metals expects an efficient ramp-up of development activities at MGGP due to prior project design and contract execution.