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Catalyst Metals Limited ( (AU:CYL) ) has provided an update.
Catalyst Metals Limited has released updated Mineral Resource Estimates for the K1 and K3 deposits within the Plutonic Gold Belt. This update is part of Catalyst’s strategy to reassess historical resources, aligning them with current production rates and improving operational performance. The re-estimation process has led to a downgrade of most deposits, providing a more accurate reflection of the company’s resources. This effort supports Catalyst’s broader strategy to enhance its industry position and operational efficiency.
More about Catalyst Metals Limited
Catalyst Metals Limited is a gold mining company operating primarily in the Plutonic Gold Belt in Central Western Australia. The company produces 110,000 ounces of gold annually from its Plutonic and Henty operations, with the flagship Plutonic Gold Mine contributing 85,000 ounces per year. Catalyst plans to increase production to 200,000 ounces by bringing four new mining areas into production, utilizing its existing processing plant.
YTD Price Performance: 42.25%
Average Trading Volume: 1,009,093
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$781.9M
For a thorough assessment of CYL stock, go to TipRanks’ Stock Analysis page.
