(EL5266 Catalyst earning 75%)
(EL5509 Catalyst 100%)
The Raydarra Project lies immediately south of the Tandarra Project and covers a strike length of approximately 10 kilometres on the southern extension of the Whitelaw and Tandarra Faults which are considered important for gold mineralisation. Very little work has been carried out on these tenements and further drilling is required to determine if gold mineralisation is present.
Catalyst is earning a 51% interest in EL5266 from Castlemaine Goldfields Pty Ltd by expenditure of $200,000 prior to March 2016. Catalyst can then earn a further 25% and potentially 100% by the expenditure of an additional $200,000.