Plutonic Gold Mine
The Plutonic Gold Mine is located approximately 300 kilometres northeast of Meekatharra in the mid-west region of Western Australia, at the northern end of the world class Eastern Gold Fields Province.
The Project sits on 45 granted mining leases with >40 kilometres in strike length along the Plutonic-Marymia Gold Belt, which extends from the Plutonic Gold Mine in the southwest to the Trident deposit in the northeast. Catalyst consolidated the belt in 2023 following the successful acquisition of Vango Mining and the merger with Superior Gold Inc.
Production ore is presently sourced from the Plutonic Main underground mine. Catalyst intends to bring a number of satellite deposits into production during 2024 and 2025. One of these is expected to be the Trident deposit, a high-grade deposit located to the northeast of the Plutonic operations.
Trident Gold Deposit
Trident is an undeveloped gold project located 30km north-east of the underutilised Plutonic processing plant. Trident comprises an open pit indicated Resource of 0.4Mt at 1.6g/t Au for 16koz Au, and an underground Resource of 4.2Mt at 3.7g/t Au for 508koz Au (including indicated of 1.6Mt at 5.0g/t Au for 257koz Au). Probable Ore Reserves are 1.3Mt at 4.4g/t for 188koz of gold.
Trident has an initial five-year mine plan producing an average of 37koz of gold per annum. Catalyst is undertaking a program of infill drilling targeting Inferred Resource conversion, as well as step out extensions at Trident, with the potential to extend the mine life beyond the initial five years.
Step out drilling in early 2025 intersected mineralisation 430m along strike and 600m below the existing resource, indicating the mineralisation footprint of the deposit is larger than anticipated.
Resource conversion drilling in early 2025 suggested higher-grade lodes are repeating at depth.
Drill results of note received from the drill program include:
8.9m at 9.8 g/t Au
13m at 4.5 g/t Au
11m at 7.5 g/t Au
2m at 24.1 g/t Au
8.5m at 9.5 g/t Au
5m at 9.2 g/t Au
11.5m at 5.6 g/t Au
11m at 3.7g/t Au
4.6m at 9.4 g/t Au
13m at 2.5 g/t Au
Trident is the third and largest mine to be developed in Catalyst’s three-year organic growth plan to 200koz of gold production.
