Karlawinda development progressing on time & budget
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Capricorn Metals Ltd reports on the progress of the Karlawinda Project, confirming that all conditions for a significant debt facility have been satisfied, allowing for funding to commence. The development is on schedule for first gold production in the upcoming quarter, with costs remaining within the previously estimated range. The company has a strong cash position combined with the debt facility, providing a substantial contingency for project completion. Executive Chairman Mark Clark emphasized the project's timely and budget-conscious development, anticipating a robust production rate once operational.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Capricorn Metals
- MACA Ltd Selected as Preferred Mining Contractor
- Capital Raising
- Project Update and Upscale of Process Plant Throughput
- S&P DJI Announces June 2020 Quarterly Rebalance
- Gold Reserves Increase 35% to 1.2 Million Ounces
Later from Capricorn Metals
- Further significant milestones on Karlawinda development
- CNM: Strategic Investment in DiscovEx Resources Ltd
- Quarterly Activities and Cashflow Report
- Quarterly Activities Report
- Commissioning Underway at Karlawinda
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