The Capricorn Project hosts a shallow, open-ended gold resource developed in multiple lodes, with mineralisation defined over a strike length exceeding 250 m and remaining open to the north, south and at depth. The current resource is reported at 659,300 t at 1.2 g/t Au above a 0.5 g/t cut-off, with a vertical extent to approximately 135 m and limited historical mining activity.

Gold mineralisation at Capricorn has returned significant drill intercepts including 12 m at 3.6 g/t Au from 28 m, 5 m at 6.6 g/t Au from 43 m and 5 m at 6.2 g/t Au from 66 m. The project lies along a broader north-south structural trend linking Capricorn with Rockland and Aquarius, highlighting the potential for continuity of mineralised systems at a district scale.

  • Mineralisation: Multiple Loads 2m – 4m thick

  • Opportunity: Not previously mined – discovery stage

  • Strike: +250m

  • Volume: 659,300t @ 1.2g/t (0.5g/t cut-off)

  • Vertical limit of resource : 135m

  • Open: North, South and at depth

  • Access: Proximal to the Goldfields Highway

  • Nearby Gold Deposits: Eureka (JAV:ASX) 3km north along strike, Rockland 1.5km southwest.

  • Previous gold drill results include:

    • 12m @ 3.6 g/t from 28m
    • 5m @ 6.6 g/t from 43m
    • 5m @ 6.2 g/t from 66m

  • Well positioned to expand, review for resource re-evaluation using higher gold prices and assess for contract mining and milling

Capricorn Cross Section

Mineralisation remains open at depth across the suit of assets and shows depletion down to approximately 30m, as shown in this cross section of the Capricorn project

Primary gold mineralisation at depth has not been adequately tested

The North-South trend broadly aligns Capricorn, Rocklands and Aquarius on a broad structural trend