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Quarterly - ASX:CMM

Sept quarter: 31,218oz at A$2,005/oz AISC, KEP commissioned, A$508m cash, WA approvals pending

Capricorn produced 31,218oz of gold in the September 2026 quarter at an all-in sustaining cost of A$2,005/oz, up from A$1,648/oz but inside FY27 guidance of A$1,900-2,100/oz. The Karlawinda Expansion Project was finished on schedule and within budget, and cash was A$508.3m with no debt. Mt Gibson received federal approval but state approvals are still pending, and the exploration results are cited to an earlier 26 October release.

(price sensitive) - Capricorn Metals announced: "Quarterly Activities/Appendix 5B Cash Flow Report" (27 pages) - read the original

47WeakPositive
Best intercept269.6 g-m3m @ 89.9g/t Au from 120m Excellent
Disclosure5 flags3 serious issues
Cash runwaySelf-funding$508m cash
Day-1 reaction-0.2%-0.3% vs the XGD
Gold on the dayA$5,763US$4,052/oz

What investors must know

  1. Karlawinda produced 31,218oz in the quarter (Q4: 30,437oz), with 27,516oz sold at an average A$6,115/oz for A$168.3m of gold sales revenue.
  2. AISC rose to A$2,005/oz from A$1,648/oz as earthmoving volumes increased ahead of the expanded operation; FY27 guidance of 137,000-147,000oz and A$1,900-2,100/oz AISC is unchanged.
  3. Cash was A$508.3m at 30 September per Appendix 5B (A$535.0m including 4,442oz of gold on hand valued at A$26.8m), with no debt and no undrawn facilities.
  4. A single FY26 income tax payment of A$90-100m is due in Q2 and a 5 cent fully franked final dividend (A$22.8m) was declared, so cash will fall in coming quarters.
  5. Mt Gibson received federal EPBC approval; the WA Part IV environmental review document has been submitted and Part V approvals are lodged, so state approvals remain outstanding.
  6. The resource (8.66Moz) and reserve (5.24Moz) figures are restated from 27 July 2026 and are not new in this report; the drill results are cited to a 26 October release.

The drill intercepts, normalised

Best hit270 gram-metresExcellent3m @ 89.9g/t Au from 120m in CMRC2552D

Excellent - a genuinely strong hit by any ASX standard.

How this hit compares

Top 1%of ASX gold hits

Better than 99% of the 370 gold intercepts DrillScore has decoded in the past 12 months.

Top 2%at its depth

Among hits starting 0-150 m down-hole - open-pit reach: the cheapest ounces to mine - better than 98% of 141.

Holding upfor CMM

Best hit 270 g-m against an average of 282 g-m in the previous 2 drill results (1x).

Every gold hit DrillScore has decoded, by depth - this announcement
ShallowMidDeepVery deep10 modest50 good100 really good200 excellent500 stellar11010010000m50m150m400m800m1200m1600m2000mdown-hole depth where the interval startsgram-metres (log)EVN RDU0298: 3m @ 11.4g/t Au from 553m = 34.3 g-m (Modest), 15 Sep 2026EVN E41D2969: 20m @ 1.55g/t Au from 456m = 31.0 g-m (Modest), 15 Sep 2026EVN E41D2969: 15.2m @ 2.05g/t Au from 685m = 31.2 g-m (Modest), 15 Sep 2026EVN E41D2969: 21m @ 1.19g/t Au from 515m = 25.0 g-m (Modest), 15 Sep 2026EVN E41D2248: 10m @ 2.11g/t Au from 205m = 21.1 g-m (Modest), 15 Sep 2026EVN E41D2969: 17.1m @ 1.19g/t Au from 729m = 20.3 g-m (Modest), 15 Sep 2026EVN E41D2969: 14m @ 1.17g/t Au from 547m = 16.4 g-m (Modest), 15 Sep 2026EVN E41D2969: 3m @ 5.37g/t Au from 960m = 16.1 g-m (Modest), 15 Sep 2026EVN E41D2969: 6m @ 2.38g/t Au from 415m = 14.3 g-m (Modest), 15 Sep 2026EVN EH1554A: 61.3m @ 0.770g/t Au from 2,121m = 47.2 g-m (Modest), 15 Sep 2026SFR CCM-91: 22.5m @ 0.700g/t Au from 311m = 15.8 g-m (Modest), 27 Oct 2026SFR CCM-94: 30m @ 0.900g/t Au from 323m = 27.0 g-m (Modest), 27 Oct 2026PRU PRC0242: 35m @ 3.79g/t Au from 29m = 133 g-m (Really good), 30 Jul 2026PRU PRC0241: 17m @ 7.68g/t Au from 19m = 131 g-m (Really good), 30 Jul 2026PRU ZARC0137: 3m @ 37.6g/t Au from 46m = 113 g-m (Really good), 30 Jul 2026PRU PRC0250: 25m @ 3.09g/t Au from 70m = 77.3 g-m (Good), 30 Jul 2026PRU ZARC0137: 14m @ 5.37g/t Au from 75m = 75.2 g-m (Good), 30 Jul 2026PRU YRC3459: 16m @ 3.91g/t Au from 0m = 62.6 g-m (Good), 30 Jul 2026PRU ZARC0136: 13m @ 4.78g/t Au from 64m = 62.1 g-m (Good), 30 Jul 2026PRU ZARC0133: 5m @ 12.1g/t Au from 55m = 60.7 g-m (Good), 30 Jul 2026PRU PRC0245: 36m @ 1.38g/t Au from 19m = 49.7 g-m (Modest), 30 Jul 2026PRU PWKRDD0012: 12m @ 4.02g/t Au from 64m = 48.2 g-m (Modest), 30 Jul 2026PRU PWKRC0040: 19m @ 1.56g/t Au from 28m = 29.6 g-m (Modest), 30 Jul 2026PRU YRC3453: 8m @ 2.94g/t Au from 36m = 23.5 g-m (Modest), 30 Jul 2026PRU PWKRC0043: 19m @ 1.19g/t Au from 46m = 22.6 g-m (Modest), 30 Jul 2026PRU ZARC0137: 7m @ 3.20g/t Au from 94m = 22.4 g-m (Modest), 30 Jul 2026PRU YRC3460: 8m @ 2.77g/t Au from 18m = 22.2 g-m (Modest), 30 Jul 2026PRU YRC3465: 18m @ 0.970g/t Au from 0m = 17.5 g-m (Modest), 30 Jul 2026PRU YRC3452: 11m @ 1.31g/t Au from 24m = 14.4 g-m (Modest), 30 Jul 2026PRU IFURC0010: 12m @ 1.17g/t Au from 34m = 14.0 g-m (Modest), 30 Jul 2026PRU YRC3519: 21m @ 0.640g/t Au from 15m = 13.4 g-m (Modest), 30 Jul 2026PRU YRC3514: 5m @ 2.21g/t Au from 9m = 11.1 g-m (Modest), 30 Jul 2026PRU YRC3508: 3m @ 3.43g/t Au from 22m = 10.3 g-m (Modest), 30 Jul 2026PRU IFURC0013: 8m @ 1.22g/t Au from 82m = 9.8 g-m (Low), 30 Jul 2026PRU ZARC0133: 3m @ 2.18g/t Au from 63m = 6.5 g-m (Low), 30 Jul 2026PRU IFURC0013: 10m @ 0.640g/t Au from 62m = 6.4 g-m (Low), 30 Jul 2026PRU IFURC0012: 4m @ 1.11g/t Au from 118m = 4.4 g-m (Low), 30 Jul 2026PRU PWKRC0041: 1m @ 1.67g/t Au from 74m = 1.7 g-m (Low), 30 Jul 2026PRU PWKRC0048: 1m @ 1.22g/t Au from 20m = 1.2 g-m (Low), 30 Jul 2026PRU YRC3427: 7m @ 29.8g/t Au from 145m = 209 g-m (Excellent), 17 Jul 2026PRU YRC3423: 40m @ 2.26g/t Au from 92m = 90.4 g-m (Good), 17 Jul 2026PRU YRC3364: 8m @ 7.35g/t Au from 126m = 58.8 g-m (Good), 17 Jul 2026PRU YDD0714: 15.7m @ 3.36g/t Au from 644m = 52.8 g-m (Good), 17 Jul 2026PRU YDD0714: 17.3m @ 2.23g/t Au from 621m = 38.5 g-m (Modest), 17 Jul 2026PRU YRC3401: 6m @ 6.33g/t Au from 78m = 38.0 g-m (Modest), 17 Jul 2026PRU YRC3316: 2m @ 18.7g/t Au from 185m = 37.4 g-m (Modest), 17 Jul 2026PRU YDD0713: 13.9m @ 2.65g/t Au from 743m = 36.8 g-m (Modest), 17 Jul 2026PRU YRC3369D: 16m @ 2.04g/t Au from 185m = 32.6 g-m (Modest), 17 Jul 2026PRU YRC3371: 26m @ 1.19g/t Au from 144m = 30.9 g-m (Modest), 17 Jul 2026PRU YRC3367: 2m @ 15.2g/t Au from 40m = 30.4 g-m (Modest), 17 Jul 2026PRU YRC3307: 6m @ 4.99g/t Au from 0m = 29.9 g-m (Modest), 17 Jul 2026PRU YRC3327: 8m @ 2.71g/t Au from 201m = 21.7 g-m (Modest), 17 Jul 2026PRU YRC3315: 2m @ 9.96g/t Au from 37m = 19.9 g-m (Modest), 17 Jul 2026PRU YRC3369D: 4m @ 4.51g/t Au from 11m = 18.0 g-m (Modest), 17 Jul 2026PRU YRC3370: 6m @ 3.05g/t Au from 171m = 18.3 g-m (Modest), 17 Jul 2026PRU YRC3503: 14m @ 1.30g/t Au from 114m = 18.2 g-m (Modest), 17 Jul 2026PRU YRC3430: 2m @ 9.00g/t Au from 40m = 18.0 g-m (Modest), 17 Jul 2026PRU YDD0713: 16m @ 1.09g/t Au from 141m = 17.4 g-m (Modest), 17 Jul 2026PRU YDD0714: 6.9m @ 2.46g/t Au from 235m = 16.9 g-m (Modest), 17 Jul 2026PRU YRC3391: 5m @ 3.32g/t Au from 171m = 16.6 g-m (Modest), 17 Jul 2026PRU YRC3336: 7m @ 2.36g/t Au from 91m = 16.5 g-m (Modest), 17 Jul 2026PRU YRC3391: 10m @ 1.65g/t Au from 210m = 16.5 g-m (Modest), 17 Jul 2026PRU YDD0714: 8m @ 1.93g/t Au from 362m = 15.4 g-m (Modest), 17 Jul 2026PRU YRC3362: 16m @ 0.890g/t Au from 139m = 14.2 g-m (Modest), 17 Jul 2026PRU YRC3432: 14m @ 1.05g/t Au from 19m = 14.7 g-m (Modest), 17 Jul 2026PRU YRC3365: 5m @ 2.90g/t Au from 80m = 14.5 g-m (Modest), 17 Jul 2026PRU YRC3361: 11m @ 1.18g/t Au from 89m = 13.0 g-m (Modest), 17 Jul 2026PRU YRC3444: 10m @ 1.35g/t Au from 137m = 13.5 g-m (Modest), 17 Jul 2026PRU YRC3443: 11m @ 1.09g/t Au from 42m = 12.0 g-m (Modest), 17 Jul 2026PRU YRC3288: 6m @ 1.96g/t Au from 96m = 11.8 g-m (Modest), 17 Jul 2026PRU YRC3371: 3m @ 4.07g/t Au from 79m = 12.2 g-m (Modest), 17 Jul 2026PRU YRC3363: 6m @ 1.82g/t Au from 216m = 10.9 g-m (Modest), 17 Jul 2026PRU YRC3363: 2m @ 5.09g/t Au from 78m = 10.2 g-m (Modest), 17 Jul 2026PRU YRC3498: 6m @ 1.89g/t Au from 108m = 11.3 g-m (Modest), 17 Jul 2026PRU YRC3390: 2m @ 5.81g/t Au from 169m = 11.6 g-m (Modest), 17 Jul 2026PRU YRC3300: 6m @ 1.87g/t Au from 34m = 11.2 g-m (Modest), 17 Jul 2026PRU YRC3390: 13m @ 0.850g/t Au from 148m = 11.1 g-m (Modest), 17 Jul 2026PRU YDD0714: 3.7m @ 2.90g/t Au from 111m = 10.7 g-m (Modest), 17 Jul 2026PRU YRC3497: 6m @ 1.80g/t Au from 120m = 10.8 g-m (Modest), 17 Jul 2026PRU YRC3339: 2m @ 5.39g/t Au from 67m = 10.8 g-m (Modest), 17 Jul 2026PRU YRC3365: 7m @ 1.49g/t Au from 208m = 10.4 g-m (Modest), 17 Jul 2026PRU YRC3498: 4m @ 2.57g/t Au from 29m = 10.3 g-m (Modest), 17 Jul 2026PRU YRC3363: 8m @ 1.21g/t Au from 200m = 9.7 g-m (Low), 17 Jul 2026PRU YRC3391: 4m @ 2.35g/t Au from 68m = 9.4 g-m (Low), 17 Jul 2026PRU YRC3500: 6m @ 1.58g/t Au from 6m = 9.5 g-m (Low), 17 Jul 2026PRU YRC3499: 4m @ 2.40g/t Au from 25m = 9.6 g-m (Low), 17 Jul 2026PRU YRC3419: 10m @ 0.950g/t Au from 133m = 9.5 g-m (Low), 17 Jul 2026PRU YRC3390: 4m @ 2.36g/t Au from 212m = 9.4 g-m (Low), 17 Jul 2026PRU YRC3280: 3m @ 3.07g/t Au from 212m = 9.2 g-m (Low), 17 Jul 2026PRU YRC3399: 3m @ 3.06g/t Au from 2m = 9.2 g-m (Low), 17 Jul 2026PRU YRC3356: 5m @ 1.85g/t Au from 48m = 9.3 g-m (Low), 17 Jul 2026RMS NNGC26108: 4.9m @ 137.6g/t Au from 85m = 674 g-m (Stellar), 26 Oct 2026RMS GXYD0937: 1m @ 264.0g/t Au from 180m = 264 g-m (Excellent), 26 Oct 2026RMS GXYD0981: 4m @ 43.2g/t Au from 185m = 173 g-m (Really good), 26 Oct 2026RMS DUG26050: 15.5m @ 10.1g/t Au from 136m = 157 g-m (Really good), 26 Oct 2026RMS DUG26148: 30.3m @ 5.16g/t Au from 113m = 156 g-m (Really good), 26 Oct 2026RMS GXYD0937: 1.6m @ 78.5g/t Au from 100m = 126 g-m (Really good), 26 Oct 2026RMS DUG26112: 52.8m @ 2.21g/t Au from 352m = 117 g-m (Really good), 26 Oct 2026RMS DUG26109: 12.9m @ 8.70g/t Au from 356m = 112 g-m (Really good), 26 Oct 2026RMS DUG26048: 8m @ 14.0g/t Au from 130m = 112 g-m (Really good), 26 Oct 2026RMS NNGC26105: 16.5m @ 5.71g/t Au from 126m = 94.2 g-m (Good), 26 Oct 2026RMS DUG26062: 7.1m @ 11.5g/t Au from 135m = 81.7 g-m (Good), 26 Oct 2026RMS GBGC26008: 48m @ 1.53g/t Au from 198m = 73.4 g-m (Good), 26 Oct 2026RMS GXYD0938: 8m @ 7.79g/t Au from 140m = 62.3 g-m (Good), 26 Oct 2026RMS GBGC26055: 27.5m @ 2.14g/t Au from 275m = 58.9 g-m (Good), 26 Oct 2026RMS NNGC26112: 7.1m @ 8.14g/t Au from 142m = 57.8 g-m (Good), 26 Oct 2026RMS DUG26163: 15.9m @ 3.48g/t Au from 131m = 55.3 g-m (Good), 26 Oct 2026RMS GXYD0937: 9m @ 5.57g/t Au from 135m = 50.1 g-m (Good), 26 Oct 2026RMS NNGC26120: 9.7m @ 4.96g/t Au from 162m = 48.1 g-m (Modest), 26 Oct 2026RMS GBGC26007: 10.5m @ 4.39g/t Au from 157m = 46.1 g-m (Modest), 26 Oct 2026RMS GXYD0981: 11.2m @ 4.00g/t Au from 232m = 44.8 g-m (Modest), 26 Oct 2026RMS NNGC26126: 10m @ 4.53g/t Au from 158m = 45.3 g-m (Modest), 26 Oct 2026RMS GBGC26013: 3.7m @ 11.9g/t Au from 155m = 44.0 g-m (Modest), 26 Oct 2026RMS DUG26113: 18.8m @ 2.31g/t Au from 227m = 43.4 g-m (Modest), 26 Oct 2026RMS DUG26109: 19m @ 2.28g/t Au from 275m = 43.3 g-m (Modest), 26 Oct 2026RMS NNGC26100: 5.5m @ 7.84g/t Au from 104m = 43.1 g-m (Modest), 26 Oct 2026RMS GBGC26039: 27.8m @ 1.42g/t Au from 285m = 39.5 g-m (Modest), 26 Oct 2026RMS GBGC26055: 11.6m @ 3.54g/t Au from 260m = 41.1 g-m (Modest), 26 Oct 2026RMS DUG26176: 3.5m @ 11.2g/t Au from 156m = 39.2 g-m (Modest), 26 Oct 2026RMS GBGC26042: 1.5m @ 20.7g/t Au from 213m = 31.1 g-m (Modest), 26 Oct 2026RMS GXYD0939: 10m @ 3.00g/t Au from 132m = 30.0 g-m (Modest), 26 Oct 2026RMS DUG26173: 9.2m @ 3.08g/t Au from 148m = 28.3 g-m (Modest), 26 Oct 2026RMS GBGC26006: 15.2m @ 1.81g/t Au from 138m = 27.5 g-m (Modest), 26 Oct 2026RMS DUG26164: 5.1m @ 5.26g/t Au from 162m = 26.8 g-m (Modest), 26 Oct 2026RMS DUG26106: 26.3m @ 0.970g/t Au from 244m = 25.5 g-m (Modest), 26 Oct 2026RMS DUG26183: 17m @ 1.34g/t Au from 202m = 22.8 g-m (Modest), 26 Oct 2026RMS GBGC26012: 9.1m @ 2.36g/t Au from 139m = 21.5 g-m (Modest), 26 Oct 2026RMS GXYD0981: 3m @ 6.44g/t Au from 76m = 19.3 g-m (Modest), 26 Oct 2026RMS DUG26113: 9.9m @ 1.86g/t Au from 281m = 18.4 g-m (Modest), 26 Oct 2026RMS DUG26161: 1.5m @ 11.9g/t Au from 120m = 17.9 g-m (Modest), 26 Oct 2026RMS NNGC26113: 15m @ 1.09g/t Au from 144m = 16.4 g-m (Modest), 26 Oct 2026RMS DUG26157: 4.3m @ 3.65g/t Au from 111m = 15.7 g-m (Modest), 26 Oct 2026RMS NNGC26106: 7.1m @ 2.20g/t Au from 100m = 15.6 g-m (Modest), 26 Oct 2026RMS DUG26179: 4.5m @ 3.32g/t Au from 144m = 14.9 g-m (Modest), 26 Oct 2026RMS GXYD0936: 2m @ 7.74g/t Au from 142m = 15.5 g-m (Modest), 26 Oct 2026RMS DUG26177: 1.7m @ 8.34g/t Au from 143m = 14.2 g-m (Modest), 26 Oct 2026RMS NNGC26101: 3.7m @ 3.83g/t Au from 93m = 14.2 g-m (Modest), 26 Oct 2026RMS DUG26185: 16.5m @ 0.870g/t Au from 200m = 14.4 g-m (Modest), 26 Oct 2026RMS DUG26106: 13.7m @ 0.990g/t Au from 273m = 13.6 g-m (Modest), 26 Oct 2026RMS DUG26161: 3.3m @ 3.88g/t Au from 122m = 12.8 g-m (Modest), 26 Oct 2026RMS DUG26137: 11.2m @ 1.25g/t Au from 58m = 14.0 g-m (Modest), 26 Oct 2026RMS DUG26184: 1.6m @ 7.78g/t Au from 150m = 12.4 g-m (Modest), 26 Oct 2026RMS DUG26102: 10.5m @ 1.23g/t Au from 228m = 12.9 g-m (Modest), 26 Oct 2026RMS GXYD0936: 6.2m @ 2.27g/t Au from 173m = 14.1 g-m (Modest), 26 Oct 2026RMS DUG26102: 5.1m @ 2.21g/t Au from 113m = 11.3 g-m (Modest), 26 Oct 2026RMS DUG26112: 5.1m @ 2.24g/t Au from 278m = 11.4 g-m (Modest), 26 Oct 2026RMS GBGC26005: 5.5m @ 2.18g/t Au from 164m = 12.0 g-m (Modest), 26 Oct 2026RMS DUG26106: 6.2m @ 1.76g/t Au from 151m = 10.9 g-m (Modest), 26 Oct 2026RMS GBGC26009: 3m @ 3.28g/t Au from 235m = 9.8 g-m (Low), 26 Oct 2026RMS NNGC26130: 4.5m @ 2.65g/t Au from 217m = 11.9 g-m (Modest), 26 Oct 2026RMS DUG26159: 8.9m @ 1.22g/t Au from 89m = 10.9 g-m (Modest), 26 Oct 2026RMS GXYD0602: 4.1m @ 22.4g/t Au from 464m = 92.0 g-m (Good), 29 Apr 2026RMS GXYD0597: 8.1m @ 10.3g/t Au from 110m = 83.0 g-m (Good), 29 Apr 2026RMS GXYD0599: 12.5m @ 3.62g/t Au from 448m = 45.3 g-m (Modest), 29 Apr 2026RMS GXYD0601: 14.2m @ 3.07g/t Au from 474m = 43.6 g-m (Modest), 29 Apr 2026RMS GXYD0599: 22.2m @ 1.94g/t Au from 469m = 43.1 g-m (Modest), 29 Apr 2026RMS GXYD0599: 26.1m @ 1.63g/t Au from 53m = 42.5 g-m (Modest), 29 Apr 2026RMS GXYD0599: 16.7m @ 2.43g/t Au from 502m = 40.6 g-m (Modest), 29 Apr 2026RMS GXYD0603: 22m @ 1.49g/t Au from 478m = 32.8 g-m (Modest), 29 Apr 2026RMS RPWDD063: 0.8m @ 39.8g/t Au from 137m = 31.4 g-m (Modest), 29 Apr 2026RMS GXYD0606: 7m @ 4.46g/t Au from 303m = 31.2 g-m (Modest), 29 Apr 2026RMS GXYD0601: 19.3m @ 1.44g/t Au from 68m = 27.8 g-m (Modest), 29 Apr 2026RMS GXYD0599: 6.1m @ 4.31g/t Au from 531m = 26.3 g-m (Modest), 29 Apr 2026RMS GXYD0599: 4.2m @ 3.94g/t Au from 435m = 16.5 g-m (Modest), 29 Apr 2026RMS GXYD0606: 8m @ 1.90g/t Au from 536m = 15.2 g-m (Modest), 29 Apr 2026RMS GXYD0597: 14m @ 1.04g/t Au from 55m = 14.6 g-m (Modest), 29 Apr 2026RMS GXYD0606: 5m @ 2.48g/t Au from 528m = 12.4 g-m (Modest), 29 Apr 2026RMS GXYD0597: 9m @ 1.31g/t Au from 418m = 11.8 g-m (Modest), 29 Apr 2026RMS GXYD0606: 5.1m @ 1.85g/t Au from 368m = 9.4 g-m (Low), 29 Apr 2026RMS GXYD0602: 1m @ 9.28g/t Au from 60m = 9.3 g-m (Low), 29 Apr 2026RMS GXYD0599: 3.3m @ 2.61g/t Au from 494m = 8.6 g-m (Low), 29 Apr 2026RMS GXYD0606: 2.2m @ 3.77g/t Au from 397m = 8.3 g-m (Low), 29 Apr 2026RMS GXYD0599: 3.4m @ 2.36g/t Au from 442m = 8.0 g-m (Low), 29 Apr 2026RMS GXYD0603: 4m @ 1.54g/t Au from 301m = 6.2 g-m (Low), 29 Apr 2026RMS GXYD0606: 7.4m @ 0.810g/t Au from 290m = 6.0 g-m (Low), 29 Apr 2026RMS GXYD0606: 2.7m @ 2.11g/t Au from 390m = 5.7 g-m (Low), 29 Apr 2026RMS GXYD0602: 4m @ 1.39g/t Au from 471m = 5.6 g-m (Low), 29 Apr 2026RMS GXYD0602: 1.7m @ 3.25g/t Au from 330m = 5.5 g-m (Low), 29 Apr 2026RMS GXYD0599: 2.8m @ 1.96g/t Au from 465m = 5.5 g-m (Low), 29 Apr 2026RMS GXYD0606: 3m @ 1.67g/t Au from 458m = 5.0 g-m (Low), 29 Apr 2026RMS GXYD0601: 2.1m @ 2.36g/t Au from 462m = 5.0 g-m (Low), 29 Apr 2026RMS GXYD0601: 1m @ 4.47g/t Au from 183m = 4.5 g-m (Low), 29 Apr 2026RMS GXYD0606: 4m @ 1.01g/t Au from 40m = 4.0 g-m (Low), 29 Apr 2026RMS GXYD0606: 1.8m @ 1.66g/t Au from 500m = 3.0 g-m (Low), 29 Apr 2026RMS GXYD0606: 2m @ 1.31g/t Au from 342m = 2.6 g-m (Low), 29 Apr 2026RMS RPWDD061: 0.3m @ 0.580g/t Au from 131m = 0.2 g-m (Low), 29 Apr 2026CMM CMRC2555D: 6m @ 57.4g/t Au from 616m = 344 g-m (Excellent), 26 Oct 2026CMM CMRC3143D: 7m @ 40.0g/t Au from 401m = 280 g-m (Excellent), 26 Oct 2026CMM CMRC2552D: 3m @ 89.9g/t Au from 120m = 270 g-m (Excellent), 26 Oct 2026CMM CMRC2635D: 21.8m @ 9.54g/t Au from 371m = 208 g-m (Excellent), 26 Oct 2026CMM CMRC2612D: 29.5m @ 6.65g/t Au from 761m = 196 g-m (Really good), 26 Oct 2026CMM CMRC3145D: 3.4m @ 56.0g/t Au from 294m = 189 g-m (Really good), 26 Oct 2026CMM CMRC2648D: 9m @ 18.5g/t Au from 175m = 166 g-m (Really good), 26 Oct 2026CMM CMRC2539D: 6.8m @ 20.2g/t Au from 289m = 137 g-m (Really good), 26 Oct 2026CMM CMRC2412D: 14.5m @ 8.44g/t Au from 501m = 122 g-m (Really good), 26 Oct 2026CMM CMRC2619D: 41m @ 2.65g/t Au from 260m = 109 g-m (Really good), 26 Oct 2026CMM CMRC2538D: 10.7m @ 9.13g/t Au from 160m = 98.1 g-m (Good), 26 Oct 2026CMM CMRC2412D: 20m @ 4.69g/t Au from 364m = 93.8 g-m (Good), 26 Oct 2026CMM CMRC2558D: 32.5m @ 2.64g/t Au from 518m = 85.8 g-m (Good), 26 Oct 2026CMM CMRC2537D: 5.1m @ 15.4g/t Au from 238m = 78.6 g-m (Good), 26 Oct 2026CMM CMRC2622DW1: 23.3m @ 3.14g/t Au from 556m = 73.3 g-m (Good), 26 Oct 2026CMM CMRC2642DW1: 34.8m @ 2.10g/t Au from 584m = 73.1 g-m (Good), 26 Oct 2026CMM CMRC2619D: 6.4m @ 9.21g/t Au from 242m = 58.9 g-m (Good), 26 Oct 2026CMM CMRC2541D: 4.5m @ 13.0g/t Au from 241m = 57.9 g-m (Good), 26 Oct 2026CMM CMRC2538D: 1.6m @ 32.7g/t Au from 176m = 52.3 g-m (Good), 26 Oct 2026CMM CMRC2536D: 10m @ 5.18g/t Au from 264m = 51.8 g-m (Good), 26 Oct 2026CMM CMRC2587: 5m @ 9.71g/t Au from 107m = 48.6 g-m (Modest), 26 Oct 2026CMM CMRC2630D: 6m @ 8.08g/t Au from 92m = 48.5 g-m (Modest), 26 Oct 2026CMM CMRC2536D: 3m @ 15.4g/t Au from 356m = 46.3 g-m (Modest), 26 Oct 2026CMM CMRC3122: 16m @ 2.88g/t Au from 170m = 46.1 g-m (Modest), 26 Oct 2026CMM CMRC2608D: 5.0m @ 9.18g/t Au from 489m = 46.0 g-m (Modest), 26 Oct 2026CMM CMRC2610D: 28m @ 1.60g/t Au from 505m = 44.8 g-m (Modest), 26 Oct 2026CMM CMRC2524D: 10.1m @ 4.36g/t Au from 490m = 44.1 g-m (Modest), 26 Oct 2026CMM CMRC2628D: 18.8m @ 2.35g/t Au from 400m = 44.1 g-m (Modest), 26 Oct 2026CMM CMRC2540D: 7.8m @ 5.47g/t Au from 312m = 42.6 g-m (Modest), 26 Oct 2026CMM CMRC2622D: 17.1m @ 2.49g/t Au from 646m = 42.6 g-m (Modest), 26 Oct 2026CMM CMRC2533D: 13.5m @ 3.10g/t Au from 422m = 41.8 g-m (Modest), 26 Oct 2026CMM CMRC2574: 11m @ 3.46g/t Au from 228m = 38.1 g-m (Modest), 26 Oct 2026CMM CMRC2608D: 10.1m @ 3.68g/t Au from 328m = 37.2 g-m (Modest), 26 Oct 2026CMM CMRC2622D: 12.6m @ 2.84g/t Au from 617m = 35.6 g-m (Modest), 26 Oct 2026CMM CMRC2535D: 9m @ 3.89g/t Au from 66m = 35.0 g-m (Modest), 26 Oct 2026CMM CMRC3143D: 20.7m @ 1.68g/t Au from 351m = 34.7 g-m (Modest), 26 Oct 2026CMM CMRC2557D: 2.6m @ 13.5g/t Au from 842m = 34.5 g-m (Modest), 26 Oct 2026CMM CMRC2625D: 2.8m @ 12.2g/t Au from 750m = 34.3 g-m (Modest), 26 Oct 2026CMM CMRC2535DW1: 7.3m @ 4.41g/t Au from 268m = 32.0 g-m (Modest), 26 Oct 2026CMM CMRC2628D: 19m @ 1.67g/t Au from 364m = 31.7 g-m (Modest), 26 Oct 2026CMM CMRC2618D: 4m @ 7.42g/t Au from 64m = 29.7 g-m (Modest), 26 Oct 2026CMM CMRC2536DW1: 7.9m @ 3.60g/t Au from 260m = 28.4 g-m (Modest), 26 Oct 2026CMM CMRC2553D: 12.2m @ 2.33g/t Au from 319m = 28.4 g-m (Modest), 26 Oct 2026CMM CMRC2543D: 1m @ 28.1g/t Au from 89m = 28.1 g-m (Modest), 26 Oct 2026CMM CMRC2640DW1: 2.9m @ 9.76g/t Au from 528m = 27.8 g-m (Modest), 26 Oct 2026CMM CMRC2616DW1: 7m @ 3.90g/t Au from 459m = 27.3 g-m (Modest), 26 Oct 2026CMM CMRC2535D: 6m @ 4.43g/t Au from 30m = 26.6 g-m (Modest), 26 Oct 2026CMM CMRC2555D: 11.3m @ 2.36g/t Au from 630m = 26.6 g-m (Modest), 26 Oct 2026CMM CMRC3138DW1: 1.1m @ 21.6g/t Au from 373m = 24.2 g-m (Modest), 26 Oct 2026CMM CMRC2548D: 4m @ 5.99g/t Au from 19m = 24.0 g-m (Modest), 26 Oct 2026CMM CMRC2592: 5m @ 4.78g/t Au from 41m = 23.9 g-m (Modest), 26 Oct 2026CMM CMRC2605D: 9m @ 2.65g/t Au from 51m = 23.9 g-m (Modest), 26 Oct 2026CMM CMRC2634D: 7m @ 3.34g/t Au from 72m = 23.4 g-m (Modest), 26 Oct 2026CMM CMRC3136D: 7.6m @ 3.08g/t Au from 499m = 23.4 g-m (Modest), 26 Oct 2026CMM CMRC2552D: 14.5m @ 1.44g/t Au from 278m = 20.9 g-m (Modest), 26 Oct 2026CMM CMRC2471: 15m @ 14.6g/t Au from 181m = 219 g-m (Excellent), 31 Jul 2026CMM CMRC2302D: 13.1m @ 13.9g/t Au from 715m = 183 g-m (Really good), 31 Jul 2026CMM CMRC2302D: 4m @ 41.1g/t Au from 190m = 164 g-m (Really good), 31 Jul 2026CMM RDRC137: 24m @ 5.96g/t AuEq from 522m = 143 g-m (Really good), 31 Jul 2026CMM RDRC137: 24m @ 5.24g/t Au from 522m = 126 g-m (Really good), 31 Jul 2026CMM CMRC1789: 5m @ 19.4g/t Au from 109m = 97.1 g-m (Good), 31 Jul 2026CMM not identified: 27.5m @ 3.24g/t Au from 439m = 89.1 g-m (Good), 31 Jul 2026CMM RDRC080: 72m @ 1.18g/t AuEq from 377m = 85.0 g-m (Good), 31 Jul 2026CMM RDRC080: 72m @ 0.550g/t Au from 377m = 39.6 g-m (Modest), 31 Jul 2026CMM CMRC3034: 19m @ 4.38g/t Au from 239m = 83.2 g-m (Good), 31 Jul 2026CMM CMRC2187D: 35.2m @ 2.31g/t Au from 350m = 81.3 g-m (Good), 31 Jul 2026CMM CMRC3030D: 20.2m @ 4.00g/t Au from 464m = 80.8 g-m (Good), 31 Jul 2026CMM CMRC3035: 18m @ 4.48g/t Au from 256m = 80.6 g-m (Good), 31 Jul 2026CMM CMRC2419D: 23.9m @ 3.32g/t Au from 724m = 79.4 g-m (Good), 31 Jul 2026CMM CMRC1787: 5m @ 14.5g/t Au from 60m = 72.7 g-m (Good), 31 Jul 2026CMM CMRC2411D: 12.9m @ 5.49g/t Au from 382m = 71.0 g-m (Good), 31 Jul 2026CMM RDRC103: 31m @ 2.41g/t AuEq from 215m = 74.7 g-m (Good), 31 Jul 2026CMM RDRC103: 31m @ 2.29g/t Au from 215m = 71.0 g-m (Good), 31 Jul 2026CMM RDRC101: 21.6m @ 3.21g/t AuEq from 195m = 69.4 g-m (Good), 31 Jul 2026CMM RDRC101: 21.6m @ 2.94g/t Au from 195m = 63.6 g-m (Good), 31 Jul 2026CMM CMRC2492D: 11.8m @ 5.64g/t Au from 681m = 66.6 g-m (Good), 31 Jul 2026CMM RDRC085: 52m @ 1.20g/t AuEq from 365m = 62.4 g-m (Good), 31 Jul 2026CMM RDRC085: 52m @ 1.06g/t Au from 365m = 55.1 g-m (Good), 31 Jul 2026CMM RDRC113: 41m @ 1.49g/t AuEq from 406m = 61.1 g-m (Good), 31 Jul 2026CMM RDRC113: 41m @ 1.36g/t Au from 406m = 55.8 g-m (Good), 31 Jul 2026CMM CMRC2410D: 27m @ 2.09g/t Au from 367m = 56.4 g-m (Good), 31 Jul 2026CMM CMRC2463D: 29.4m @ 1.71g/t Au from 409m = 50.3 g-m (Good), 31 Jul 2026CMM CMRC1934D: 14.5m @ 3.45g/t Au from 402m = 50.1 g-m (Good), 31 Jul 2026CMM CMRC3033DW2: 9.1m @ 5.05g/t Au from 577m = 46.0 g-m (Modest), 31 Jul 2026CMM CMRC2401D: 1m @ 45.4g/t Au from 378m = 45.4 g-m (Modest), 31 Jul 2026CMM CMRC3033DW: 8.5m @ 5.13g/t Au from 626m = 43.6 g-m (Modest), 31 Jul 2026CMM CMRC2466D: 7.6m @ 5.66g/t Au from 471m = 43.0 g-m (Modest), 31 Jul 2026CMM CMRC2481: 3m @ 13.9g/t Au from 133m = 41.8 g-m (Modest), 31 Jul 2026CMM CMRC3033DW2: 3.2m @ 12.7g/t Au from 641m = 40.8 g-m (Modest), 31 Jul 2026CMM CMRC2423DW: 4.9m @ 8.48g/t Au from 432m = 41.2 g-m (Modest), 31 Jul 2026CMM CMRC1953: 10m @ 4.04g/t Au from 86m = 40.4 g-m (Modest), 31 Jul 2026CMM CMRC3033DW: 1.3m @ 28.7g/t Au from 664m = 37.3 g-m (Modest), 31 Jul 2026CMM CMRC1989: 6m @ 6.07g/t Au from 114m = 36.4 g-m (Modest), 31 Jul 2026CMM not identified: 4m @ 7.24g/t Au from 128m = 29.0 g-m (Modest), 31 Jul 2026CMM not identified: 4m @ 4.18g/t Au from 108m = 16.7 g-m (Modest), 31 Jul 2026RRL HAUGD0011: 26m @ 6.60g/t Au from 145m = 172 g-m (Really good), 2 Nov 2026RRL HAUGD0012: 51m @ 2.50g/t Au from 145m = 128 g-m (Really good), 2 Nov 2026RRL SWUGD0010: 17m @ 6.00g/t Au from 273m = 102 g-m (Really good), 2 Nov 2026RRL HDD428W4: 4m @ 23.1g/t Au from 743m = 92.4 g-m (Good), 2 Nov 2026RRL HAUGD0009: 20m @ 4.40g/t Au from 157m = 88.0 g-m (Good), 2 Nov 2026RRL BENDD048: 0.7m @ 123.5g/t Au from 349m = 86.5 g-m (Good), 2 Nov 2026RRL HAUGD0009: 32m @ 2.50g/t Au from 116m = 80.0 g-m (Good), 2 Nov 2026RRL HDD428W9: 21m @ 3.80g/t Au from 769m = 79.8 g-m (Good), 2 Nov 2026RRL RRLRMDD184: 0.5m @ 164.3g/t Au from 557m = 82.2 g-m (Good), 2 Nov 2026RRL HAUGD0014: 13m @ 6.00g/t Au from 216m = 78.0 g-m (Good), 2 Nov 2026RRL HDD428W6: 19m @ 4.10g/t Au from 755m = 77.9 g-m (Good), 2 Nov 2026RRL HSD187W1: 12m @ 6.10g/t Au from 436m = 73.2 g-m (Good), 2 Nov 2026RRL RRLBMRCD394: 14.3m @ 4.60g/t Au from 304m = 65.8 g-m (Good), 2 Nov 2026RRL RRLBMRCD289W1: 1m @ 65.0g/t Au from 112m = 65.0 g-m (Good), 2 Nov 2026RRL HDD428W10: 18m @ 3.40g/t Au from 767m = 61.2 g-m (Good), 2 Nov 2026RRL HDD428W8A: 18m @ 3.20g/t Au from 767m = 57.6 g-m (Good), 2 Nov 2026RRL HDD428W13: 13m @ 4.30g/t Au from 763m = 55.9 g-m (Good), 2 Nov 2026RRL HDD428W12: 19m @ 2.90g/t Au from 756m = 55.1 g-m (Good), 2 Nov 2026RRL HDD428W11: 17m @ 3.20g/t Au from 763m = 54.4 g-m (Good), 2 Nov 2026RRL SWUGD0006: 15m @ 3.60g/t Au from 266m = 54.0 g-m (Good), 2 Nov 2026RRL GWUD1068: 20m @ 2.90g/t Au from 158m = 58.0 g-m (Good), 2 Nov 2026RRL RUGDD2452: 2.5m @ 23.2g/t Au from 164m = 58.0 g-m (Good), 2 Nov 2026RRL SWUGD0004: 20m @ 2.30g/t Au from 168m = 46.0 g-m (Modest), 2 Nov 2026RRL GWUD1066: 13.4m @ 3.40g/t Au from 203m = 45.6 g-m (Modest), 2 Nov 2026RRL HDD428W7: 17m @ 2.50g/t Au from 785m = 42.5 g-m (Modest), 2 Nov 2026RRL HAUGD0013: 12m @ 3.50g/t Au from 135m = 42.0 g-m (Modest), 2 Nov 2026RRL WFD004: 24m @ 1.70g/t Au from 692m = 40.8 g-m (Modest), 2 Nov 2026RRL RRLBMRCD392W1: 17.1m @ 2.20g/t Au from 295m = 37.6 g-m (Modest), 2 Nov 2026RRL RUGDD2529: 2.1m @ 18.3g/t Au from 110m = 38.4 g-m (Modest), 2 Nov 2026RRL SWUGD0055: 11m @ 3.60g/t Au from 54m = 39.6 g-m (Modest), 2 Nov 2026RRL RUGDD2518: 0.3m @ 126.0g/t Au from 142m = 37.8 g-m (Modest), 2 Nov 2026RRL RUGDD2530: 4m @ 9.20g/t Au from 135m = 36.8 g-m (Modest), 2 Nov 2026RRL RRLBMRCD388: 20m @ 1.80g/t Au from 263m = 36.0 g-m (Modest), 2 Nov 2026RRL SWUGD0008: 14m @ 2.50g/t Au from 131m = 35.0 g-m (Modest), 2 Nov 2026RRL RUGDD2505: 0.9m @ 38.9g/t Au from 100m = 35.0 g-m (Modest), 2 Nov 2026RRL HAUGD0006: 12m @ 2.90g/t Au from 139m = 34.8 g-m (Modest), 2 Nov 2026RRL RRLMWDD151: 16.6m @ 2.00g/t Au from 342m = 33.2 g-m (Modest), 2 Nov 2026RRL HDD428W6: 6m @ 5.70g/t Au from 744m = 34.2 g-m (Modest), 2 Nov 2026RRL SWUGD0062: 6m @ 5.50g/t Au from 51m = 33.0 g-m (Modest), 2 Nov 2026RRL GWUD1058: 18.3m @ 1.80g/t Au from 168m = 32.9 g-m (Modest), 2 Nov 2026RRL GWUD1064: 17.3m @ 1.90g/t Au from 189m = 32.9 g-m (Modest), 2 Nov 2026RRL GWUD1072: 17.7m @ 1.80g/t Au from 153m = 31.9 g-m (Modest), 2 Nov 2026RRL GWUD1050: 13.7m @ 2.30g/t Au from 97m = 31.5 g-m (Modest), 2 Nov 2026RRL GWUD1075: 14.8m @ 2.10g/t Au from 108m = 31.1 g-m (Modest), 2 Nov 2026RRL GWUD1069: 11m @ 2.80g/t Au from 167m = 30.8 g-m (Modest), 2 Nov 2026RRL RRLBMRCD372W1: 13.9m @ 2.20g/t Au from 220m = 30.6 g-m (Modest), 2 Nov 2026RRL HDD428W5: 14m @ 2.20g/t Au from 752m = 30.8 g-m (Modest), 2 Nov 2026RRL GWUD1086: 0.5m @ 56.1g/t Au from 293m = 28.1 g-m (Modest), 2 Nov 2026RRL SWUGD0041: 11m @ 2.70g/t Au from 58m = 29.7 g-m (Modest), 2 Nov 2026RRL GWUD1060: 8m @ 3.70g/t Au from 190m = 29.6 g-m (Modest), 2 Nov 2026RRL RUGDD2520: 2.6m @ 11.4g/t Au from 88m = 29.6 g-m (Modest), 2 Nov 2026RRL GWUD1053: 15.8m @ 1.80g/t Au from 102m = 28.4 g-m (Modest), 2 Nov 2026RRL HDD428W14: 12m @ 2.30g/t Au from 774m = 27.6 g-m (Modest), 2 Nov 2026RRL SWUGD0067: 9.5m @ 3.00g/t Au from 225m = 28.5 g-m (Modest), 2 Nov 2026RRL GWUD1071: 15.5m @ 1.80g/t Au from 171m = 27.9 g-m (Modest), 2 Nov 2026RRL GWUD1065: 18m @ 1.50g/t Au from 165m = 27.0 g-m (Modest), 2 Nov 2026RRL RUGDD2455: 1.2m @ 21.4g/t Au from 179m = 25.7 g-m (Modest), 2 Nov 2026RRL RUGDD2451: 4m @ 6.40g/t Au from 251m = 25.6 g-m (Modest), 2 Nov 2026RRL BSD395AW2: 48m @ 2.30g/t Au from 1,020m = 110 g-m (Really good), 24 Jul 2026RRL BSD394W7: 36m @ 2.90g/t Au from 1,007m = 104 g-m (Really good), 24 Jul 2026RRL RRLRMDD177: 0.6m @ 149.2g/t Au from 707m = 89.5 g-m (Good), 24 Jul 2026RRL RUGDD2411: 3m @ 29.6g/t Au from 138m = 88.8 g-m (Good), 24 Jul 2026RRL HSD185W1: 14m @ 6.20g/t Au from 468m = 86.8 g-m (Good), 24 Jul 2026RRL RUGDD2413: 1m @ 73.4g/t Au from 124m = 73.4 g-m (Good), 24 Jul 2026RRL RRLGWUG0244: 20m @ 3.40g/t Au from 374m = 68.0 g-m (Good), 24 Jul 2026RRL BSD394W6: 12m @ 5.20g/t Au from 1,000m = 62.4 g-m (Good), 24 Jul 2026RRL HDD428W1: 8m @ 7.60g/t Au from 763m = 60.8 g-m (Good), 24 Jul 2026RRL BSD395AW7: 36m @ 1.70g/t Au from 958m = 61.2 g-m (Good), 24 Jul 2026RRL HSD183W1: 12m @ 5.00g/t Au from 449m = 60.0 g-m (Good), 24 Jul 2026RRL RRLRMDD175W2: 6.9m @ 8.50g/t Au from 682m = 58.7 g-m (Good), 24 Jul 2026RRL HSD185A: 15m @ 3.10g/t Au from 460m = 46.5 g-m (Modest), 24 Jul 2026RRL HSD182A: 13m @ 3.80g/t Au from 477m = 49.4 g-m (Modest), 24 Jul 2026RRL HDD428: 14m @ 3.50g/t Au from 760m = 49.0 g-m (Modest), 24 Jul 2026RRL RRLBMRC325: 32m @ 1.50g/t Au from 127m = 48.0 g-m (Modest), 24 Jul 2026RRL RRLBMRC321: 23m @ 2.00g/t Au from 55m = 46.0 g-m (Modest), 24 Jul 2026RRL RRLGWUG0258: 24.4m @ 1.60g/t Au from 337m = 39.0 g-m (Modest), 24 Jul 2026RRL RRLBMRC323: 26m @ 1.40g/t Au from 97m = 36.4 g-m (Modest), 24 Jul 2026RRL RRLBMDD004: 23m @ 1.50g/t Au from 238m = 34.5 g-m (Modest), 24 Jul 2026RRL RRLGWUG0243: 14m @ 2.30g/t Au from 382m = 32.2 g-m (Modest), 24 Jul 2026RRL RRLGWDD008: 10.4m @ 2.90g/t Au from 1,179m = 30.2 g-m (Modest), 24 Jul 2026RRL RUGDD2425: 1.4m @ 19.8g/t Au from 174m = 27.7 g-m (Modest), 24 Jul 2026RRL RRLGWUG0249: 16.9m @ 1.60g/t Au from 444m = 27.0 g-m (Modest), 24 Jul 2026RRL HSD182AW1: 10m @ 2.70g/t Au from 470m = 27.0 g-m (Modest), 24 Jul 2026RRL RRLRMDD178: 5m @ 5.30g/t Au from 723m = 26.5 g-m (Modest), 24 Jul 2026RRL RUGDD2430: 5m @ 4.80g/t Au from 137m = 24.0 g-m (Modest), 24 Jul 2026RRL RRLGWUG0257: 14m @ 1.90g/t Au from 367m = 26.6 g-m (Modest), 24 Jul 2026RRL HDD428W2: 7m @ 2.50g/t Au from 756m = 17.5 g-m (Modest), 24 Jul 2026RRL RRLGWDD007: 3.9m @ 4.00g/t Au from 632m = 15.6 g-m (Modest), 24 Jul 2026CMM CMRC2552D: 14.5m @ 1.44g/t Au from 278m = 20.9 g-m (Modest), 29 Oct 2026CMM CMRC2553D: 12.2m @ 2.33g/t Au from 319m = 28.4 g-m (Modest), 29 Oct 2026CMM CMRC2540D: 7.8m @ 5.47g/t Au from 312m = 42.6 g-m (Modest), 29 Oct 2026CMM CMRC2524D: 10.1m @ 4.36g/t Au from 490m = 44.1 g-m (Modest), 29 Oct 2026CMM: 3m @ 15.4g/t Au from 356m = 46.3 g-m (Modest), 29 Oct 2026CMM CMRC2635D: 21.8m @ 9.54g/t Au from 371m = 208 g-m (Excellent), 29 Oct 2026CMM CMRC2552D: 3m @ 89.9g/t Au from 120m = 270 g-m (Excellent), 29 Oct 2026
CMM's drill results over time - best hit in each

Compare every hit, depth by depth and company by company - depth is down-hole, to the start of the interval.

How every hole did - one block per hole, coloured by its best hit

  • Excellent 2
  • Modest 4

2 of 6 holes reached 'good' or better (2 excellent); the other 4 were modest.

The holes, side by side - schematic, best hole first

050m100m150m200m250m300m350m400m450m500m550mdepth down the holeCMRC2552D270CMRC2552D: 14.5m @ 1.44g/t Au from 278m = 20.9 g-m (Modest)CMRC2552D: 3m @ 89.9g/t Au from 120m = 269.6 g-m (Excellent)CMRC2635D208CMRC2635D: 21.8m @ 9.54g/t Au from 371m = 208.3 g-m (Excellent)hole 346.33m @ 15.4g/t Au from 356m = 46.3 g-m (Modest)CMRC2524D44.1CMRC2524D: 10.1m @ 4.36g/t Au from 490m = 44.1 g-m (Modest)CMRC2540D42.6CMRC2540D: 7.8m @ 5.47g/t Au from 312m = 42.6 g-m (Modest)CMRC2553D28.4CMRC2553D: 12.2m @ 2.33g/t Au from 319m = 28.4 g-m (Modest)best g-m

Each line is a hole drilled from the surface (top); each block is a reported interval at its down-hole depth, sized by its width and coloured by its rating. The holes are side by side for comparison, not at their real positions, and are drawn only as deep as their deepest reported interval. Hover a block for the numbers.

Every interval, in numbers

Every interval as metal-metres: width x grade (gram-metres for gold, %-metres for copper). Gold bands are Stockhead's rule of thumb: over 50 good, 100-200 really good, 200-500 excellent, beyond that stellar (and under 10, low). Top share is how much of an interval comes from its richest sub-interval - the smearing check.

HoleFromWidthGradeMetal-metresRatingTop shareNotes
CMRC2552D120m3m89.9 g/t Au
269.6 g-m
ExcellentHornet, text states CMRC2552D. Not covered by the 26 Oct Lexington...
CMRC2635D371m21.8m9.54 g/t Au
208.3 g-m
ExcellentOrion South UG. Hole ID read from Figure 5 label, not in the text...
-356m3m15.4 g/t Au
46.3 g-m
ModestOrion South UG. Hole ID not stated. Newness not confirmed.
CMRC2540D312m7.8m5.47 g/t Au
42.6 g-m
ModestOrion South UG. Hole ID read from Figure 5 label, not in the text...
CMRC2524D490m10.1m4.36 g/t Au
44.1 g-m
ModestOrion South UG. Hole ID read from Figure 5 label, not in the text...
CMRC2553D319m12.2m2.33 g/t Au
28.4 g-m
Modest50%Hornet, text states CMRC2553D. Newness not confirmed.
incl. CMRC2553D319m4m3.57 g/t Au
14.3 g-m
Hornet, including sub-interval of the 12.18m intercept.
CMRC2552D278m14.5m1.44 g/t Au
20.9 g-m
Modest60%Hornet, text states CMRC2552D. Newness not confirmed.
incl. CMRC2552D283m3.5m3.55 g/t Au
12.4 g-m
Hornet, including sub-interval of the 14.5m intercept.

Checked against the PDF. Every interval above is printed in the announcement itself - each width and grade was found, together, in the PDF's own text.

Holes reported
? of 133 drilled
Metres drilled
37,243
Drilling
Diamond and RC (combined), as stated in the text
Cut-off grade
Minimum 1g/t Au over a minimum 1m interval (stated for Lexington and Orion South; not stated for Hornet)
Max internal dilution
Lexington up to 5.5m consecutive internal waste; Orion South up to 2m; Hornet not stated
True widths
Not stated - intervals are down-hole
Hole spacing
Extension and infill drilling down-dip and along strike of the Lexington-Hornet and Orion South lodes, below current reserve pit designs. No drill grid spacing is stated. Orion South drilling aims to upgrade Inferred resources to Indicated. A Western Lode position is reported with no grades.
Depth
Text says Lexington-Hornet intercepts run from about 260m to more than 840m down-hole. Intercepts listed here run from 120m to 500m down-hole. Vertical depths are not stated. Holes drilled: 88 at Lexington-Hornet (26,668m) and 45 at Orion South (10,575m), 133 holes and 37,243m in total.

Against the project's earlier holes

The Hornet 3.0m at 89.88g/t interval is the highest grade in the history supplied. The highest grade among the 25 best prior intercepts by gram-metres is 41.09g/t over 4m. The report gives no numeric comparison with earlier holes, and the 26 October Lexington release is not in DrillScore's database, so the Lexington grades (57.38g/t and 40.01g/t) cannot be compared here. On grade alone the quarter reads as stronger than the earlier history, but the report shows only a few intercepts.

Against similar explorers

For underground gold these grades are high, but the report lists only best intervals, so they cannot be set against a typical hole from this program. The full drill-hole table is needed before the program's overall quality can be judged.

Gram-metre calculator - gram-metres explained - the leaderboard

Disclosure checks - the ASX's own focus areas

  • Drill-hole table (collars, dip, azimuth, depth, every intercept)

    Required for exploration results on a material project.

    fail
  • JORC Table 1, Section 1 - sampling techniques and data
    fail
  • JORC Table 1, Section 2 - reporting of exploration results
    fail
  • Competent person statement
    fail
  • No metal equivalents - grades as assayed
    pass
  • Balanced reporting - low and high grades both shown

    Only best or significant intercepts are listed. No nil or low results, no hole-by-hole list, and no hole count for the reported results, against 133 holes drilled. The Orion South Western Lode has high-grade intersections with no grades given. Interval rules are stated only for Lexington and Orion South.

    fail
  • No visual estimates - assays only
    pass
  • Down-hole widths only

    Down-hole intervals can overstate how thick the mineralisation really is.

    caution

Red flags and notes

No drill-hole table

The announcement does not give every hole's collar position, dip, azimuth, depth and result (including nil results), which the ASX expects for material exploration results.

JORC Table 1 not attached

JORC Table 1 sections 1 and 2 are missing - the ASX requires both with material exploration results.

Results look selectively reported

Only best or significant intercepts are listed. No nil or low results, no hole-by-hole list, and no hole count for the reported results, against 133 holes drilled. The Orion South Western Lode has high-grade intersections with no grades given. Interval rules are stated only for Lexington and Orion South.

No Competent Person statement

The JORC Code requires a Competent Person to take responsibility for exploration results, resources and reserves.

Newness of exploration results and Competent Persons cross-reference

The Competent Persons statement cites only the 26 October 2026 Lexington release for all exploration results. The Orion South and Hornet intercepts are not identified as previously released, and no Competent Person is named in the statement, so they may be new results without a drill-hole table, JORC Table 1 or a valid CP reference.

Down-hole widths only (true widths not stated)

Down-hole widths only. No true widths or true width estimates are given.

Production aspirations without a stated JORC basis

The Range 500 aspiration of 500,000oz a year within 5 years, and the claim of more than 400,000oz a year within 2.5 years of MGGP start, are forward-looking targets with no stated JORC basis. The 260,900oz a year figure rests on the 27 July PFS, which is cross-referenced rather than restated here.

Operating cash flow differs between narrative and Appendix 5B

The narrative gives operating cash flow of A$113.1m, but Appendix 5B item 1.9 shows A$84.5m. The report does not bridge the A$28.6m difference.

Appendix 5B year-to-date column repeats quarter figures

The 12-month column matches the quarter exactly (for example receipts 168,276 and operating cash flow 84,479), while the narrative gives FY26 sales revenue of A$769.3m and exploration of A$74.0m. The year-to-date column does not appear to be a 12-month total.

Why these matter: JORC Table 1 - metal equivalents - balanced reporting - visual estimates

Money: can they follow it up?

02468+ quarters
Self-fundingCash flow positive - no runway clock

Quarters of funding from the Appendix 5B (item 8.7). Under 2 quarters the ASX requires the company to explain how it will fund itself.

Period ending
2026-09-30
Cash
$508m
Debt
$0
Undrawn facilities
$0
Operating cash flow (quarter)
$84.5m
Exploration spend (quarter)
$25.8m
Total outgoings (quarter)
$58.6m
Gold produced
31,218 oz
AISC
A$2,005/oz (margin about A$3,758/oz at the day's gold price)
Revenue
$168m
Guidance
FY27 production guidance of 137,000-147,000oz and AISC of A$1,900-2,100/oz, unchanged. KGP described as on track. Expanded KGP expected at about 150,000oz a year for the remaining three quarters of FY27.

Cash of A$508.3m is Appendix 5B items 4.6 and 8.4 and includes no gold. The headline cash and gold figure of A$535.0m adds 4,442oz of gold on hand valued at A$26.8m. Gold_oz is produced; sales were 27,516oz. Operating cash flow of A$84.5m (5B 1.9) differs from the A$113.1m in the narrative and is not reconciled. Investing outflow of A$80.9m includes A$45.5m PP&E, A$25.8m exploration and A$15.1m other non-current assets, offset by A$8.5m Big Springs cash proceeds, with A$3.0m invested in Sentinel. Item 8.7 is N/A because relevant outgoings are a net inflow, so funding_quarters is 99 by convention. The burn figure of 58.6m is a net inflow, not a cash burn. A$90-100m tax is due in Q2 and the A$22.8m final dividend was declared. Management says it can fund the MGGP build internally, which this report does not test with a cash flow forecast. All figures are A$; no US$ conversion is used.

Appendix 5B explained - why runway predicts raisings - every company's runway

Resource / reserve

Tonnes
348.9 Mt
Grade
0.80 g/t
Contained metal
8.66 Moz
What changed
Restated in this quarterly, first reported 27 July 2026, so not new here. Group MRE 348.9Mt at 0.8g/t for 8.66Moz at A$2,800/oz (Indicated 275.8Mt at 0.8g/t for 7.08Moz; Inferred 73.2Mt). Group ORE 195.7Mt at 0.8g/t for 5.24Moz at A$2,200-2,600/oz, with KGP ORE up 32% after depletion and MGGP open pit ORE up 21% from 2025. Maiden MGGP underground ORE of 5.0Mt at 2.3g/t for 365,000oz.

Resources vs reserves explained

How the price reacted

The result against the marketWeak result - the market shrugged

DrillScore 47 (bottom 21% of drill results), and on day 1 the stock moved -0.3% against the gold index (XGD).

Every result vs its reaction

From the last close before the market could trade on it ($13.54 on 28 Oct 2026), with day-1 volume 0.9x the 20-day average.

Day 1-0.2%-0.3% vs the XGD
Day 5-6.1%-0.9% vs the XGD
Day 20waitingnot traded that long yet

CMM's past price-sensitive news

After 9 earlier announcements, CMM rose on day 1 4 times and fell 5 times - an average move of +1.5%.

DrillScore has no recorded share price reaction to Capricorn's earlier price-sensitive news, so no past pattern can be drawn from this stock. The 27 July reserve update and the 31 July June quarterly were judged positive. The shares closed at A$13.54 before this release and were A$13.63 at the time of writing, a rise of about 0.7%, while the XGD gold index rose 3.9% over the same period. This describes past and recent movement only and does not predict the share price.

Past reactions describe what happened, not what will. How prices react to results

The historical pattern

What share prices did after past results like this one, from DrillScore's own records. It describes the past: it isn't a forecast for CMM and it isn't advice.

Results scored like this'Weak' results Too few to say

Only 2 other drill results rated 'Weak' have traded so far - too few to show a pattern.

CMM's own record9 earlier announcements No clear lean

After its earlier announcements, CMM moved +1.0% by day 1, +0.6% by day 5 and -1.9% by day 20 against the XGD on average.

Day 1
+1.0%
Day 5
+0.6%
Day 20
-1.9%
9 results, against the XGD
The market it landed inXGD -8.0% in 20 days Leaned up

In the 20 trading days before this release the XGD gold index moved -8.0% (falling). After 34 past gold announcements released into a falling gold index, stocks moved +1.9% by day 1, +4.5% by day 5 and +11.4% by day 20 on average - before taking the market's own move out.

Day 1
+1.9%
Day 5
+4.5%
Day 20
+11.4%
34 results, raw moves

A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out

The market it landed in

MarketOn the dayNowSince
Gold (US$/oz)US$4,052US$3,886-4.1%
Gold (A$/oz)A$5,763A$5,737-0.5%
Copper (US$/lb)US$6.64US$6.09-8.3%
AUD/USD0.70300.6774-3.6%

At release gold was US$4,051.6/oz (about A$5,763/oz). Spot now is US$3,886.3/oz (about A$5,737/oz), so US gold fell 4.1% while A$ gold fell only 0.5%, because the AUD eased to US$0.6774 from US$0.703. Spot remains well above the A$5,500/oz used in the MGGP PFS economics, the A$6,115/oz realised in the quarter, and the A$2,200-2,800/oz used for reserves and resources, so margins at spot are wide against an AISC of A$2,005/oz. Sector mood was mixed since release: the ASX gold index XGD rose 3.9%, while GDX fell 2.8% and GDXJ fell 5.2%. Copper and silver are not material to Capricorn's gold business. No price forecast is made here.

Against CMM's own history

No new drill results are in DrillScore's history for this quarter, and the best prior intercept by gram-metres was CMRC2471 at 15m at 14.61g/t (219.2 g-m, excellent). Cash rose from A$504.8m at the June quarter to A$508.3m, while operating cash flow of A$84.5m is below the June quarter's A$135.1m. Gold production rose from 30,437oz to 31,218oz, but AISC rose from A$1,648/oz to A$2,005/oz. The company is debt free, self-funding, and has no capital raisings on record. DrillScore's database also logs 23 September and 5 October releases that already covered KEP completion and the 31,218oz September quarter output, so much of this quarterly is a repeat of earlier news.

Risks & caveats

  • AISC rose from A$1,648/oz in the June quarter to A$2,005/oz, and the company says mining rates will stay at similar levels next quarter.
  • Mt Gibson growth capital and the Q2 tax payment depend on WA approvals that are not yet granted, and no timetable is given for them.
  • Operating cash flow is A$113.1m in the narrative but A$84.5m in Appendix 5B item 1.9, and the report does not reconcile the two.
  • Gold prices have fallen since the release (US$ gold down 4.1%), so the cash margin depends on the gold price.
  • The drilling shown is a short list of best intervals, and the Orion South and Hornet results come without a drill-hole table or JORC Table 1.

What's next

  • Maiden Inferred underground Mineral Resource estimate for Lexington - Q2 FY27, as stated
  • Preliminary results of the Golden Range second processing hub (MGGP Stage 2) study - Later in Q2 FY27, as stated
  • Commissioning of the on-site core processing facility at Mt Gibson - November 2026, as stated
  • Further Mt Gibson assay results across the deposits - Q2 FY27, as stated
  • Final FY26 income tax payment of A$90-100m (cash outflow) - Q2 FY27, as stated
  • Remaining WA state approvals (Part IV and Part V) for Mt Gibson - not stated

Questions worth asking

  • What bridges the A$113.1m operating cash flow in the narrative to the A$84.5m in Appendix 5B item 1.9?
  • When are the WA Part IV and Part V approvals for Mt Gibson expected, and how much capital is committed before they are granted?
  • Are the Orion South and Hornet intercepts new, and when will a drill-hole table and JORC Table 1 be released for them?
  • How much of the A$2,005/oz AISC is earthmoving that will fall away as the expanded operation settles?
  • What will cash be after the A$90-100m tax payment and the A$22.8m final dividend are paid?

What it means

For someone following Capricorn, this quarter shows an operating business producing near its expanded rate, with costs higher than the prior quarter but still inside guidance, and a balance sheet with A$508m of cash and no debt. Cash will fall in coming quarters because of the A$90-100m tax payment and the final dividend, and the Mt Gibson growth case still depends on state approvals that are pending. The drill results shown are mostly a repeat of a 26 October release, and the newer Orion South and Hornet intercepts still need a drill-hole table and JORC Table 1 before they can be checked. This is general information, not personal financial advice.

General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.

Decoded 15 Nov 2026, 8:17 am by claude-haiku-5-5 - confidence: medium. Spotted a mistake? Tell us.

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