Capricorn Metals has secured key mining contract milestones to underpin the continued growth of its Western Australian gold operations.
The company has extended its mining agreement with MACA at the Karlawinda gold project for another five years, holding the option to extend the contract beyond the initial term.
The updated agreement maintains the current unit rate pricing and includes a larger fleet to meet the 6.5 million tonne per annum (Mpta) production goal of the Karlawinda expansion project.
Mining volumes have already increased to 1.2 to 1.4 million bank cubic metres per month to support ore feed continuity ahead of the project ramp-up.
Capricorn executive chair Mark Clark said the contract extension reflects confidence in both MACA and the expansion ahead.
“We are pleased to have executed a five-year extension of the mining contract with MACA for Karlawinda that confirms existing unit cost rates and is already delivering the increased mining volumes required to underpin the exciting Karlawinda expansion project,” Clark said.
Capricorn has also named MACA as preferred mining contractor for the Mt Gibson gold project following a competitive tender process and recent progress on regulatory approvals.
Early appointment of MACA will allow for swift mobilisation once approvals are complete, helping mitigate equipment lead times and support timely project execution.
MACA, a subsidiary of global mining services provider Thiess, has an established record in the Australian gold sector, also working on the historic Gruyere gold mine in WA.
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