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The latest announcement is out from Black Cat Syndicate Ltd. ( (AU:BC8) ).
Black Cat Syndicate Ltd. has announced promising results from its recent drilling program at the Kal East Gold Operation, particularly at the Imperial deposit. The drilling, which included 11 reverse circulation holes, revealed significant gold intersections, suggesting the potential for a cut-back to the historic open pit at Imperial. This development was not included in the previous mine plan and will be integrated into the updated Kal East mine plan. Additionally, mine development drilling has commenced at the Fingals deposit, with plans to accelerate the program by mobilizing a second drilling rig. These activities align with Black Cat’s strategy to increase gold production in the near term.
The most recent analyst rating on (AU:BC8) stock is a Buy with a A$1.10 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 Ltd. operates in the gold mining industry, focusing on exploration and development of gold deposits. The company is primarily engaged in surface drilling programs to expand its resource base and support its strategy of extracting more gold sooner. Its operations are centered around the Kal East Gold Operation, which includes the Imperial and Majestic deposits.
Average Trading Volume: 5,332,925
Technical Sentiment Signal: Buy
Current Market Cap: A$590.6M
See more insights into BC8 stock on TipRanks’ Stock Analysis page.