Capricorn Metals, formerly known as Malagasy Minerals, engages in the mineral exploration and project evaluation activities in Australia and Madagascar. It primarily explores for nickel, copper, gold, silver, and vanadium.
The company's principal properties include the Ampanihy Project, the Vohibory Project, and the Fotadrevo Project covering approximately 1,858 square kilometres of mineral tenure located in southern and central Madagascar. The company also receives royalties from Labradorite quarrying operations.
The company's name was changed from Malagasy Minerals to Capricorn Metals in February 2016.
At the 2022 Diggers & Dealers Mining Forum, Capricorn Metals won the Dealer of the Year award for its acquisition of the Mt Gibson Gold project in July 2021.