Hawke’s Point portfolio company Capricorn Metals Limited (“Capricorn”) announced the first gold pour at its wholly owned Karlawinda Gold Project (“Karlawinda”) on 30 June 2021.

The first pour marks a major step forward for Capricorn, as Karlawinda transitions into the Capricorn’s first producing asset. During the initial 6-day start-up period, the ball mill achieved throughput rates of up to 480 tonnes per hour (equivalent to 4.25 million tonnes per annum) on an ad-hoc basis, resulting in a total of 386 gold ounces poured.

The achievement reflects the operational execution and readiness of the Karlawinda site. Hawke’s Point congratulates Capricorn on this important milestone and looks forward to seeing Karlawinda progress toward full commercial production in the coming quarters.