MANAGEMENT

Capricorn banks on Karlawinda

CAPRICORN Metals is set to spend another $50-60 million to develop the Karlawinda gold project in Western Australia’s Pilbara after getting access to an $80 million Macquarie Bank loan.

 Close-up Pyrite-rich RC Chips, Bibra, August 2016

Close-up Pyrite-rich RC Chips, Bibra, August 2016

Development costs for Karlawinda are in the range of $165-170 million, with $62.4 million spent to date. In a statement to the Australian Securities Exchange Capricorn said the money would be used on...

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