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An update from Catalyst Metals Limited ( (AU:CYL) ) is now available.
Catalyst Metals Limited has completed the acquisition of the Old Highway Gold Project from Sandfire Resources Limited, maintaining the transaction terms previously announced. This acquisition is part of Catalyst’s strategic expansion in the gold mining sector, enhancing its resource base and operational capabilities. The company aims to leverage its existing infrastructure to optimize production and extend its mine life, potentially benefiting stakeholders by increasing output and resource efficiency.
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 Gold Mine producing 85,000 ounces annually. The company plans to expand production by bringing three new mining areas into operation, utilizing its existing processing plant. Catalyst also controls a significant strike length north of the historic Bendigo goldfield, where it has identified high-grade resources.
Average Trading Volume: 2,093,280
Technical Sentiment Signal: Buy
Current Market Cap: A$1.55B
Learn more about CYL stock on TipRanks’ Stock Analysis page.