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Black Cat Syndicate Ltd. ( (AU:BC8) ) has provided an update.
Black Cat Syndicate Limited has commenced underground mining at the Majestic site, part of its Kal East Gold Operation. The company has contracted Macmahon Underground Pty Ltd for mine development and production services. The initial production target is set at 776kt at 3.2g/t for 80koz Au, with plans to expand resources through further drilling. The Majestic and Fingals sites are expected to provide sustained feed to the Lakewood processing facility, marking a strategic milestone for Black Cat’s growth in gold production.
The most recent analyst rating on (AU:BC8) stock is a Hold with a A$1.00 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 operates in the mining industry, focusing on gold exploration and production. The company is involved in the development of gold mining projects, with a significant focus on the Kal East Gold Operation, which includes the Majestic and Fingals sites.
Average Trading Volume: 2,932,317
Technical Sentiment Signal: Buy
Current Market Cap: A$615.7M
For an in-depth examination of BC8 stock, go to TipRanks’ Overview page.