Capricorn Metals Ltd engages in the mineral exploration and project evaluation business in Australia, Madagascar, and Mauritius. It holds a 100% interest in Karlawinda gold project located near Newman in the Pilbara region of Western Australia. The company was formerly known as Malagasy Minerals Limited and changed its name to Capricorn Metals Limited in February 2016. Capricorn Metals Limited was incorporated in 2006 and is based in West Perth, Australia.