Australia's Warriedar Resources at nearly 4-year high on Capricorn deal boost

Warriedar Resources

07/10/2025 01:16

** Warriedar Resources WA8.AX jumps as much as 16.7% to A$0.245, highest since October 2021

** Capricorn Metals CMM.AX falls as much as 5.3% to A$12.98; marks steepest pct drop since September 15

** Gold-copper explorer says Capricorn raised consideration under share scheme to one CMM share/52.75 WA8 shares from 1 CMM share/62 WA8 shares

** Adds implied value of revised share scheme consideration is A$0.26/Warriedar share

** Revised consideration represents 24% premium to WA8's last close

** Around 17.3 mln WA8 shares traded; ~2x the 30-day avg

** YTD, WA8 surges ~440%, CMM gains ~109%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))