CYL - Catalyst Metals

[Dona Ferentes]

Catalyst now debt free​

Catalyst repays final instalment of debt inherited through the consolidation of the Plutonic Gold Belt
• In July 2023, Catalyst consolidated the Plutonic Gold Belt by acquiring two contiguous companies
• Through these acquisitions Catalyst inherited A$36m of debt
• Over the past 18 months, this debt has been steadily repaid through operational cash flows
• Today, Catalyst has repaid the final instalment of a gold loan, clearing all debt
• This further strengthens the foundation from which Catalyst will self-fund its organic growth – stable operations and a strong balance sheet
• This foundation has, in recent months, allowed Catalyst to increase exploration spend, while also ramping up spending on the development of Plutonic East
• Catalyst’s focus over the near term remains doubling production across the Plutonic Gold Belt for A$31m, moving toward 200koz per annum gold production
• As announced on 2nd December, Catalyst’s focus this quarter has been ramping up exploration and developing Plutonic East – Plutonic East lies 2km from Plutonic’s processing plant and is on track to deliver first ore in Q1 CY2025

 

[rcw1]

Good morning
Announcement 12/12/24 see attached:
Step out drilling of known mineralisation at Hermes returns high-grade results
• Six exploration drill rigs have now been mobilised to the Plutonic Gold Belt
• These drill rigs will undertake a series of exploration programs across the belt totalling 180,000m
• An initial step out drilling program from the Hermes Resource has returned attractive results including:
o 16m at 10.6g/t Au
o 15m at 3.1g/t Au
o 15m at 2.4g/t Au
o 2m at 20.8g/t Au
o 13m at 11.4g/t Au
o 2m at 13.6g/t Au
o 9m at 5.7g/t Au
o 1m at 17.2g/t Au
• A further step out program will occur in March when the drill rig returns to Hermes
• The March drill program will target deeper holes seeking to follow the mineralisation further down plunge and to extend Resources
• In the meantime, exploration rigs will continue programs across Trident, Plutonic underground, and a number of historical satellite pits

15 minute