Catalyst Metals Advances Trident Project with Key Approval

The latest update is out from Catalyst Metals Limited ( (AU:CYL) ).

Catalyst Metals Limited has received key approval from the Department of Energy, Mines, Industry Regulation and Safety for its Trident Gold Project’s underground mining proposal. The company is on track with its three-year growth plan to double gold production to 200,000 ounces by developing new mines, including Trident. The Trident Gold Project, which includes a small open pit and an underground mine, has a five-year plan to produce an average of 37,000 ounces of gold annually. With pre-production costs estimated at AUD 15 million, the project is expected to generate significant cash flows and reduce capital requirements, positioning Catalyst for enhanced growth and execution risk mitigation.

More about Catalyst Metals Limited

Catalyst Metals Limited is a company engaged in gold mining, primarily focusing on the Plutonic Gold Belt in Central Western Australia. The company operates the Plutonic and Henty gold mines, producing around 110,000 ounces of gold annually. Catalyst is expanding its operations, with plans to increase production to 200,000 ounces of gold by developing three new mining areas, including Trident, which is the largest of these projects.

YTD Price Performance: 16.28%

Average Trading Volume: 1,014,538

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$678M

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