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Karlawinda gold reserves rise 32%, extending mine life and boosting Elemental Royalty's revenue potential.

Market News
29 Jul 2026
Newsfile Corp
View Source
Bullish
Karlawinda gold reserves rise 32%, extending mine life and boosting Elemental Royalty's revenue potential.

Capricorn Metals announced a 32% increase in Mineral Reserves at the Karlawinda Gold Project, raising probable reserves to 1.57 million ounces of gold. This expansion supports an estimated 10-year mine life with annual gold production expected to reach 150,000 ounces after the processing plant upgrade completes in Q3 2026. Elemental Royalty, holding a 2% net smelter return royalty on Karlawinda, stands to benefit from increased zero-cost revenue and extended exposure without additional capital investment. The project remains a key asset for Elemental, contributing $8.9 million in revenue in 2025 and poised for growth as Capricorn advances commissioning.

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