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Catalyst Metals Limited ( (AU:CYL) ) has provided an update.
Catalyst Metals Limited has updated its Mineral Resource Estimate for the Trident underground gold deposit, significantly increasing its indicated resources. This update is part of Catalyst’s strategy to double its annual gold production to 200,000 ounces and expand its reserves to 2 million ounces. The Trident deposit, located near the Plutonic processing plant, is being developed as a small open pit transitioning to an underground mine, with potential for further resource growth. This development is expected to enhance Catalyst’s operational capabilities and strengthen its market position.
The most recent analyst rating on (AU:CYL) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.
More about Catalyst Metals Limited
Catalyst Metals Limited is a mining company focused on gold exploration and production. Its flagship asset is the Plutonic Gold Belt in Central Western Australia, which includes the Plutonic Main and East Underground Gold Mines. The company aims to increase its gold production and has plans to bring new mines into production, leveraging its existing processing plant.
Average Trading Volume: 2,009,539
Technical Sentiment Signal: Buy
Current Market Cap: A$1.28B
Learn more about CYL stock on TipRanks’ Stock Analysis page.