Catalyst Metals (ASX:CYL) is an Australian gold producer that has a dominant landholding in three prolific Australian gold belts.
In Western Australia, the Company has consolidated the Plutonic Gold Belt, bringing together high grade mineral resources and existing mining & processing infrastructure.
The newly consolidated project will see high-grade gold deposits at Marymia mined and processed through the processing facilities at Plutonic. The optimised mine plan is expected to result in higher production rates, lower operating costs and a longer mine life.
In Tasmania, the Company owns and operates the Henty Gold Mine, a project with a rich history.
Over 1.4Moz of gold grading 9.0g/t Au has been produced from Henty to date. With low power costs and high grades, the Henty Gold Mine has the foundations of a low-cost producer with plans in place to increase production to over 40koz per annum.
The Bendigo Gold Project in Victoria lies directly to the north of the Bendigo Goldfields where over 22Moz of gold has been produced historically.
At the Four Eagles Project, the Company has identified high-grade ‘ribbon like’ mineralisation similar to Bendigo with the Iris Zone recently returning a mineral resource grading 26g/t Au. Catalyst aims to build on the high-grades of its projects to build a mid-tier Australian gold producer.