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Catalyst Metals Limited ( (AU:CYL) ) has shared an announcement.
Catalyst Metals Limited has completed the sale of the Henty gold mine in Tasmania to Kaiser Reef Limited for $15 million and now holds a 19.99% equity interest in Kaiser. This transaction is a strategic move to unlock value for Catalyst’s Four Eagles gold project in Victoria, providing the company with an option to acquire a stake in the Maldon processing plant, which could bolster its operational capabilities and market positioning.
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 company operating in the gold mining industry, with its flagship asset being the Plutonic Gold Belt in Central Western Australia. The company is focused on developing new projects on this belt and has a significant presence in the Bendigo goldfield area, where it has delineated a high-grade resource. Catalyst Metals aims to enhance its operations through resource infill drilling and plans to develop a greater than five-year mine plan across multiple mines.
Average Trading Volume: 1,568,898
Technical Sentiment Signal: Buy
Current Market Cap: A$1.55B
See more insights into CYL stock on TipRanks’ Stock Analysis page.