Catalyst owns a 75km2 portfolio of advanced exploration tenements across a highly sought after landholding in the Victorian goldfields. Tenements lie north, along strike from the Bendigo goldfields - the richest of Victorian goldfields, having produced 24Moz of gold historically.
Drilling at Four Eagles has identified recurring high-grade zones in close proximity to each other - characteristic of Bendigo style mineralisation. Construction of an underground exploration tunnel expected to commence in Q3, 2023.
In 2021, Catalyst acquired the Henty Gold Mine in Tasmania and has had success turning operations around to be cashflow positive. Henty has a long history and the foundations to be a low cost producer; high grades, thick widths, low cost hydro power, existing infrastructure and a residential workforce. The strategy at Henty is to invest in exploration to increase inventory and production, and lower unit costs.
In FY23, cashflows from Henty will fund exploration activities at Bendigo.
Acquired the Henty Gold Mine in January 2021. Returned to profitability and investing in exploration to increase production and extend mine life. Targeting annualised production rate of 35koz by end of FY23, up from 12koz prior to CYL acquisition.
Study underway to develop underground exploration tunnel from Q3 2023 at the Four Eagles Gold Project in Bendigo. Orebody lies beneath cover and farmland; drilling from underground will allow Catalyst to more accurately drill targets, lower drilling costs and explore nearby prospects.
73% of Vango Shareholders are supportive of the Offer
Catalyst continues to build foundations of a more sophisticated operation at Henty Gold Mine
Strong results continue to build case for exploration tunnel at historic Bendigo goldfield
Extremely high-grade results in multiple areas pave way for imminent Resource update
Drummartin Project along strike from Fosterville gold mine
Assays of up to 56g/t from the Cradle Zone support strategy to increase mining inventory
Strong quarterly production generates cashflow required for Henty to continue funding exploration a
Infill drilling commenced at adjacent Hayanmi Prospect but curtailed by onset of winter rains
First Diamond drill hole testing Lawry Prospect intersects 12.9m @ 33.1 g/t gold
Catalyst accelerates Henty growth strategy with appointment of highly experienced General Manager
Strong drilling results from the Boyd's Dam and Hayanmi prospects
Supports strategy to grow inventory, mine life and production rate
The Directors present their report on Catalyst Metals and its subsidiaries for the half-year ended
Drilling confirms mineralisation has potential to extend Resource near current underground workings
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