Plutonic Gold Belt,
Mining Proposal for Small Mining Operations approved by DMIRS
- Approval will allow early works including portal construction and decline development
- De-risks project schedule by allowing early works to commence ahead of final mining approvals
- Recent Trident Scoping Study demonstrated potential for high grade (6.7 g/t head grade), low AISC (
A$1,046 /oz) and low capital intensity (pre-production capital ofA$36m ) project
This Mining Proposal provides Catalyst with the regulatory approval to commence portal construction and decline development from the existing
With the Mining Proposal approval, Catalyst is well positioned to commence early works upon completion of the Trident definitive feasibility study (DFS) and final investment decision (FID), which is expected in CY2024.
Catalyst's Managing Director & CEO,
"This is an important milestone for Catalyst. Completion of the DFS is fast approaching.
Subject to FID, this approval will allow us to commence early works at the Trident deposit. Importantly, this de-risks the project schedule by allowing critical construction works to commence while final mining approvals are sought."
This announcement has been approved for release by the Board of Directors of
It owns the 40km long Plutonic Gold Belt in
It also owns and operates the high-grade Henty Gold Mine in
Catalyst also controls +75km of strike length immediately north of the +22Moz Bendigo goldfield and home to high-grade, greenfield resources at Four Eagles.
Shares o/s: 219m
Options: 1.4m
Rights: 2.5m
Cash:
Debt:
Robin Scrimgeour
Interim Non-Executive Chairman
Managing Director & CEO
Non-Executive Director
ASX: CYL
E:admin@catalystmetals.com.au
W:catalystmetals.com.au
T: +61 8 6107 5878
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SOURCE
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