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An update from Black Cat Syndicate Ltd. ( (AU:BC8) ) is now available.
Black Cat Syndicate has completed the acquisition of 100% of a 90km² package of tenements adjacent to its 1.2mtpa Lakewood processing facility at the Kal East Gold Operation for $200,000 in cash funded from operating cash flow. The newly acquired ground, located within 10km of Lakewood, is intended primarily for expanded tailings storage facilities, with the potential to extend tailings capacity from seven years to more than 20 years and support a planned expansion of Lakewood’s processing capacity to about 1.5mtpa, as well as providing a platform for higher throughput, increased gold production and potential new water sources, reinforcing the company’s longer-term production growth strategy.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Black Cat Syndicate Ltd. stock, see the AU:BC8 Stock Forecast page.
More about Black Cat Syndicate Ltd.
Black Cat Syndicate Limited is an ASX-listed gold producer focused on its Kal East Gold Operation in Western Australia. The company operates the Lakewood processing facility near Kalgoorlie, currently rated at around 1.2 million tonnes per annum, and is pursuing a growth strategy centred on increasing processing capacity and gold output through targeted acquisitions and plant upgrades.
Average Trading Volume: 5,030,710
Technical Sentiment Signal: Buy
Current Market Cap: A$1.02B
For detailed information about BC8 stock, go to TipRanks’ Stock Analysis page.