Capricorn Metals acquires Piastri Project from Latitude 66

• Capricorn Metals acquired the 15.2-square-kilometre Piastri exploration project from Latitude 66 to expand its contiguous landholding.
• The transaction secures ground near the Ricciardo deposit, with shares remaining flat at $16.60.
• The company stated this acquisition supports regional drill programmes targeting subsidiary geological shear structures.

Capricorn Metals (ASX:CMM) acquired the 15.2-square-kilometre Piastri Project from Latitude 66 (ASX:LAT) to expand its landholding.

The asset transfer secures prospective ground located 200m east of the 1.96-million-ounce Ricciardo gold deposit.

The company stated that the exploration boundary targets new splays from the Mougooderra Shear Zone. The firm stated drilling begins shortly.

Following the announcement, the Capricorn Metals share price was unchanged at $16.60, while Latitude 66’s share price was $0.10.

The regional land consolidation follows the earlier $188 million acquisition of the Golden Range Project.

The business continues to execute a strategy of resource expansion across the broader Yalgoo-Singleton Greenstone Belt.