Growth plan transitions Plutonic to new, virgin, ore sources
- A 105% growth in Reserves over the last 12-months has allowed Catalyst to provide three-year production guidance, increasing annual gold production from 100koz to 200koz
- Encouragingly, Catalyst's existing infrastructure enables this production growth for only A$31m
- The low capital intensity of this growth, allows Catalyst to commit greater funds to exploration in FY2025 – A$25m has been committed to exploration with the opportunity to allocate more should exploration results justify it
- After generating A$54m of free cash flow in FY2024, with cash and bullion today of A$44m, Catalyst is well placed to fund these plans over the coming 12 to 18 months
- Upon conclusion of the 18-month program, Plutonic plans to be mining four different virgin ore sources, feeding a single centralised processing plant
- In so doing, Catalyst intends to create a strong foundation for the Company's future, whether that be inorganic growth or exploration only on the Plutonic Gold Belt
PERTH, Australia, Sept. 13, 2024 /PRNewswire/ - Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) is pleased to provide its three-year production guidance and announce an update of its Group Ore Reserve Estimate (ORE).
Catalyst's Ore Reserves now total 1Moz of gold. Importantly, these Reserves provide the foundation for Catalyst's three-year production guidance, growing production from 100koz to 200koz.
