Catalyst Metals Limited (AU:CYL) has released an update.
Catalyst Metals Limited has announced a significant increase in gold production, aiming to double annual output from 100,000 to 200,000 ounces, supported by a 1Moz Reserve. This expansion, transitioning Plutonic to new ore sources, will be achieved with a modest investment of A$31m over 18 months. The company also plans an aggressive A$25m exploration campaign in FY2025, underscoring its strong financial position with A$54m of free cash flow and A$44m in cash and bullion.
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