Catalyst Metals Limited (AU:CYL) has released an update.
Catalyst Metals Limited announces a maiden Ore Reserve Estimate for the Trident Deposit, unveiling a new low-cost development strategy that reduces the project’s pre-production capital from A$36m to A$15m. The Trident Project, with a mine life of 5.5 years, is expected to yield an average annual production of 37 koz and aims to commence ore extraction by mid-2025. The company’s revised approach leverages existing cash flows and infrastructure to enhance its growth profile and reduce financial risk.
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