CYL - Catalyst Metals

[prawn_86]

Excluding options, this company has virtually the same market cap as their current cash balance.

So 2 questions:

Will they ever actually do something with this new project?

How fast is their cash burn rate? ie - if SP tracks cash at what rate will it go down?

Any holders out there?

 

[YOUNG_TRADER]

Still holding a few in this one which are free carried and its a good thing they are cause they ain't worth much,

Like you and Kennas said Prawn, its at cash backing,

Company don't seem to have a fast cash burn rate if you check the qtrly's (apart from new project acquistions etc)

Moly is a good sector to be in and hopefully Nathan McMac (CAZ/BMN) can get some things happening

 

[Sean K]

Golly.

23m ordinary shares @ .105c = $2.41m
Incentive shares = 8m
Listed options = 11m
Fully diluted = $4.41m
With about $2m in the kitty.

That leaves everything else they own to the value of about $2.4m.



Company must be a little concerned. Well, major shareholders must be.

Anyone want to chip in and take control? Change the name to ASF Metals?

 

[springhill]

Catalyst reports today broad zone of gold mineralisation intersected at Boyd's Dam prospect on Eagle 4 zone.
http://www.asx.com.au/asxpdf/20120622/pdf/426zmzzjcc3s1p.pdf

Catalyst Metals Limited (Catalyst) (ASX: CYL) advises that air-core drilling has been completed at the Four Eagles Gold Project with a total of 105 holes for 9,380 metres. Further assay results have been received but
over half of the results are still outstanding.

Air-core drilling in the Boyd's Dam area of the Eagle 4 Zone has now extended the gold zone in the oxide and supergene horizon to at least 720 metres in length with the possibility that it could exceed 1 kilometre.

Intersections of greater than 1 g/t Au have been recorded in the following holes:
FE579: 36 metres @ 0.92 g/t Au from 48 metres
(including 9 metres @ 2.34 g/t Au from 48 metres and 3 metres @ 1.58 g/t Au from 78 metres)
FE572A: 3 metres @ 2.04 g/t Au from 51 metres
FE578: 3 metres @ 1.23 g/t Au from 60 metres
FE575: 3 metres @ 0.92 g/t Au from 66 metres

These intersections lie approximately 400 metres north of the previously drilled hole FE415 (3 metres @ 31.3 g/t Au from 57 metres) and FERC003 (2 metres @ 6.2 g/t Au from 49 metres).

From the last quarterly
Catalyst Unity MOU signed on Bendigo Assets
On 22 December, 2011, Catalyst Metals Limited (ASX: CYL) (“Catalyst”) and Unity Mining Limited
(ASX: UML) (“Unity”) announced that they had signed a Memorandum of Understanding (“MOU”) for
Catalyst to be provided with a twelve month option to acquire the Kangaroo Flat Gold Plant, equipment
and facilities, including mining and exploration tenements buildings and freehold land in the Bendigo Area
(“Bendigo Assets”).

On 31 January, 2012, Catalyst and Unity executed the Option to Purchase Agreement which provides
Catalyst with the right to acquire the 600,000 tonne per annum Kangaroo Flat gold plant which was built
by Unity in 2006 at a cost of approximately $65 million (Figure 4). This is envisaged to provide an
accelerated production route for any resources defined at the Four Eagles Gold Project. Catalyst will pay
$450,000 cash to Unity during the Option period.

During the 12 month Option Period, both parties will work together to reduce holding costs of the
Bendigo leases. There is no intention by either party to continue the deep underground operations at
Bendigo however Catalyst will review the acquired data to see if there is potential for shallow gold
mineralisation on the tenements.

Agreement Terms:
Under the terms of the Option to Purchase Agreement the following terms have been agreed:

● On signing the Option Agreement, Catalyst paid Unity $100,000 (non-refundable) in cash and issued 1,000,000 ordinary fully paid shares in Catalyst to procure a twelve month option to purchase all the Bendigo Assets from Unity. During the 12 month option period, Catalyst are required to make a further three quarterly non-refundable cash payments of $100,000 with the right to withdraw from the option at any time.

● Upon exercise of the Option, a binding agreement for the sale and purchase of the Bendigo Assets will arise (subject to necessary approvals) under which Catalyst will make the following commitments:
- Issue Unity with a further 2,000,000 shares in Catalyst;
- Issue Unity with Catalyst shares valued at a minimum of $4,000,000 and a maximum of $10,000,000i; and
- Grant Unity a deferred royalty on future production with an initial payment of $2,000,000 after processing of 50,000 tonnes, plus a production royalty of $5 per tonne of ore processed up to a maximum of $4,000,000.

● During the option period Unity will keep the tenements in good standing and maintain the plant, equipment and infrastructure in good condition.

CYL have managed to keep their capital structure tight, and have shown SP growth recently, where most haven't.
Worth putting on a secondary watchlist.

 

[springhill]

High grade gold intersections at new Hayanmi Prospect at Four Eagles

The following intersections have been recorded:
• 3 metres @ 11.1 g/t Au from 87 metres and 3 metres @ 1.06 g/t Au from 93 metres in FE 591
• 3 metres @ 19.5 g/t Au from 90 metres and 3 metres @ 1.26 g/t Au from 93 metres in FE 592
• 3 metres @ 1.23 g/t Au from 126 metres in FE595
• 3 metres @ 16.8 g/t Au from 108 metres in FE608

Very high grade gold intersected at Four Eagles Gold Project

The best intersections from the diamond drilling are summarised below:
FEDD007
0.20 metres @ 1.35 g/t Au from 160.3 metres
0.40 metres @ 16.20 g/t Au from 167.7 metres
0.75 metres @ 15.30 g/t Au from 170.4 metres
0.45 metres @ 1.04 g/t Au from 183.95 metres
FEDD008
0.20 metres @ 152 g/t Au from 150.0 metres

 

[burglar]

...
FEDD008
0.20 metres @ 152 g/t Au from 150.0 metres

A few more good holes will be nice!

And I do believe this one is in uptrend!

 

[Ann]

I guess this one has been sneaking under everyone's radar, no comments since 2012!

Catalyst Metals strikes big with 1380g/t gold assay at Four Eagles project

Perth-based explorer Catalyst Metals (ASX: CYL) has recorded a “bonanza grade” assay of 1380 grams per tonne gold over a 1 metre interval during drilling at the Boyd’s Dam zone within the Four Eagles gold joint venture in regional Victoria.


It is the highest-ever assay result recorded by Catalyst and has been reported to contain abundant visible gold within a broader zone of 8m at 174.5g/t gold. More...

 

[Dona Ferentes]

from around October : "CYL is pleased to advise that Gold Exploration Victoria Pty Ltd (a wholly owned subsidiary of Hancock Prospecting Pty Ltd and Joint Venture Partner on the Four Eagles Gold Project) has agreed to subscribe for a $7.875 million placement of Catalyst shares at a subscription price of $2.25 per share."

- so, some money to drill ahead
Catalyst's share placement will strengthen the Company’s working capital position and enable it to continue to move forward with its advanced projects at the Four Eagles Gold Project and Tandarra
Gold Project [+ other exploration work].
<<Tandarra Project - Catalyst has 51% and Navarre (NML) the remainder>>

 

[Dona Ferentes]

CYL is in a Trading Halt pending the release of an announcement regarding a material capital raising and project acquisition.

I can't see any obvious targets also in Halt.

 

[mullokintyre]

CYL one of those that sneak up on ya.
Making some cash from the purchase of the henty gold mine now, but not sure what the life of mine is.
from the nov 2020 low of 1.82, its been moving up to now sit at 2.11.
Will keep an eye on it, but it needs to move a bit of backlog of sales around the 2.14 to 2.20 mark.
Mick

 

[rcw1]

Good evening

Latest on CYL had a quick looksie last night:

• 52 week low recorded yesterday (16/05/23);
• Inordinate number of sellers at the moment;

• Owns and operates Henty Gold Mine in Tasmania;
• Controls +75km of strike length immediately north of the Bendigo goldfield and home to the new, greenfield discovery at Four Eagles;
• It also owns the Marymia Gold Project located in Western Australia following its recent acquisition of Vango Mining Limited;
• Merger with Superior Gold Inc. announced, expected to conclude in Q2 2023;
• Completion of $21m placement;
• There is court matter where Superior Gold was largely successful in the litigation between its wholly-owned subsidiary, Billabong Gold Pty Ltd and Catalyst Metals Ltd’s subsidiary Dampier (Plutonic) Pty Ltd. Since the initial filing of the application, Dampier, a subsidiary of Vango Mining Limited, has been acquired by Catalyst. Not exactly sure how the court rulings will affect CYL, more research needed.

Issued Share Capital​

Quoted securities
Ordinary shares
174,684,823

Unquoted securities
Unlisted options (exercisable at $3.00 each by 30.11.24)

Performance rights
250,000
2,500,000


Have a very nice day,

Kind regards
rcw1

 

[Dona Ferentes]

clear the decks ....a few catalysts:
.
01 /10 .. board appoints new chair
26/ 09 ..Catalyst resolves legacy Superior Gold dispute with Wolf Contracting
Key Points
• Catalyst and Wolf Contracting have, together, resolved a legacy dispute
• Catalyst acknowledges Wolf’s willingness and commitment through the process
• Catalyst welcomes a potential future relationship with Wolf as a valuable contracting partner
.

 

[rcw1]

Good evening

Just forty trades today (27/12/23) ;
Could be way more volume too.... most disappointing. Will take abit for new management to move ahead, reckon.

Not holding, have traded.

Kind regards
rcw1

 

[rcw1]

Good afternoon
Announcement today (19/06/24) sparking some more interest amongst shareholders. In short:

• When Catalyst acquired ASX listed Vango Mining in 2023, it inherited a A$12mconvertible note;
• This convertible note has now either been repaid or converted;
• Catalyst has repaid over A$28m of debt since July 2023 – the date from which it consolidated the Plutonic Gold Belt after acquiring Vango Mining;
• As a consequence, Catalyst’s only remaining debt outstanding is 2,590oz in the form of a gold loan;
• This residual gold loan is to be repaid in seven monthly instalments and represents as little as 2.5% of the group’s annual gold production; and
• Catalyst has available cash and liquidity of A$22m and A$30m respectively

March 1/4erly report 2024 attached for anyone wanting to know much more about this one.

Certainly moved on from 2-3 months in the doldrums ... Very interesting.

Good evening

Just forty trades today (27/12/23) ;
Could be way more volume too.... most disappointing. Will take abit for new management to move ahead, reckon.

Not holding, have traded.

Kind regards
rcw1



View attachment 167856

 

[Dona Ferentes]

Catalyst has available cash and liquidity of A$22m and A$30m respectively

....Certainly moved on from 2-3 months in the doldrums ... Very interesting.

and another catalyst ... likely to open higher.

Improving balance sheet allows Catalyst to self-fund next mine development – Plutonic East
A near term, low capital intensity restart leveraging off existing infrastructure

• Plutonic East is an old underground Barrick mine lying 2km from the considerably underutilised, and currently operational, 1.8Mtpa Plutonic processing plant
• It has a historically reported NI 43-101 Resource of 522koz Au at 4.1 g/t Au
• The mine’s decline and development workings are currently being dewatered at a faster rate than expected
• Decline rehabilitation to commence in Q1 FY25; first ore expected in Q3 FY25
• No permits or approvals required for Plutonic East’s restart
• Existing permits and infrastructure allow for a quicker and lower cost restart
• Plutonic East and Trident are near term development projects lying 2km and 25km respectively from Plutonic’s processing plant - ongoing study work at both projects continue to reduce their development costs
• Catalyst’s strengthening balance sheet combined with falling startup costs, better positions Catalyst to fund its development pipeline

 

[Dona Ferentes]

Improving balance sheet allows Catalyst to self-fund next mine development – Plutonic East .. A near term, low capital intensity restart leveraging off existing infrastructure

numbers are out, and up 10 per cent

.

.

 

[bettamania]

not a recommendation to buy or sell or any financial advise but CYL is hitting 20 days high and indeed there will be plenty break out system trader to come in

 

[bettamania]

I hope everyone is doing OK today. this is my own personal thing and not a recommendation to buy and sell. the system that has been labelled as a wrong coding and over cosmetics and etc etc. now perform at his prime and fit current volatile market condition

Here is a screen shot for this "swing and semi counter trend system"

Now compare and contrast a modified WETT (which suit my risk profile and my time frame). I throw in a few of my wild things and loves in her without removing the major components

I must lift up my hat for NIck Redge and he does deserve everybody credit. A beautiful system that comprise only simple ingredients and trades the whole ASX and even international equity markets. I will keep this WETT because it is giving an early signal that is almost similar or earlier as compared to my other TFS. When I got time, I will open a new post where I can post my own thing instead of blend in my self together inside other people rubbish bin.

 

[Dona Ferentes]

now $2.10

Maiden Profit for Catalyst
Full year financial results – profitability driven by strong operational improvements​

• Catalyst’s first profit has been three years in the making. Since acquiring the Henty gold mine in Tasmania in January 2021, Catalyst has been on a journey to become a gold producer of scale
• After acquiring three companies over three years, and maturing from explorer to 110koz gold producer with two profitable gold operations, Catalyst has achieved this goal
• Full year highlights include:
o 110koz of gold production with 60koz produced in the second half of the financial year
o Revenue of A$317 million and no hedging heading into FY2025; the realised gold price of FY2024 was A$3,011/oz vs. today’s average spot price of A$3,700/oz
o EBITDA of A$63 million; A$76 million when adding back non-cash impairment of exploration
o Operating cash flows (after capital and corporate costs) of A$71 million allowing repayment of inherited debt, investment in equipment and project development
o Profit after tax but excluding impairment of exploration assets (a non-cash accounting entry) of A$37 million; profit after tax and impairments was A$24 million
o Liquidity at 30 June 2024 was A$46 million; this comprised cash and bullion of A$38 million and undrawn facilities of A$8 million
• These positive financial results reflect Catalyst’s first 12 months of operating performance at the Plutonic Gold Mine
• Catalyst has entered the new financial year with a strong balance sheet, stable operating cashflows and full exposure to prevailing gold prices
• Catalyst is progressing near-term, low capital intensity, organic growth projects, both in-mine at Plutonic and near mine at Plutonic East, K2 and Trident (each deposits along the Plutonic Gold Belt)

 

[Dona Ferentes]

nothing announced since quarterly on 16 Oct, but a bit of a selloff yesterday