Catalyst Metals Limited (AU:CYL) has released an update.
Catalyst Metals Limited has reported encouraging drilling results, revealing high-grade gold mineralization at shallow depths above the Trident Deposit, suggesting the potential for a small open pit to act as a portal for the underground mine, which could significantly reduce initial development costs and risks. The findings have bolstered the company’s strategy to ramp up gold production towards 200,000 ounces per year, leveraging the underutilized Plutonic processing plant to process the Trident ore. These developments are part of Catalyst’s broader multi-asset strategy across highly prospective gold belts in Australia, where it currently produces 110,000 ounces of gold annually.
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