Capricorn Metals to acquire Warriedar Resources for AUD188m.

Capricorn Metals, a mining company, agreed to acquire Warriedar Resources, a mineral exploration company, for AUD188m. “This is a compelling transaction for all stakeholders, and we believe that combining Capricorn and Warriedar represents a unique opportunity to generate value for shareholders of both companies. This acquisition is on-strategy and continues the expansion of Capricorn’s Mt Gibson exploration and development footprint and adds resource ounces, highly prospective exploration targets, and valuable infrastructure, which will further enhance what is clearly one of the best development projects in the Australian gold industry,” Mark Clark, Capricorn Executive Chairman.