Growth plan transitions Plutonic to new, virgin, ore sources A 105% growth in Reserves over the last 12-months has allowed Catalyst to provide three-year production guidance, increasing annual gold production from 100koz to 200koz Encouragingly, Catalyst's existing infrastructure enables this production growth for only A$31m The low capital [...]
Full year financial results - profitability driven by strong operational improvements Catalyst's first profit has been three years in the making. Since acquiring the Henty gold mine in Tasmania in January 2021, Catalyst has been on a journey to become a gold producer of scale After acquiring three companies over three years, and maturing from [...]
Updates provide foundation for near term development plans Since 1 July 2023, Catalyst has been re-estimating Reserves and Resources for all deposits across the Plutonic Gold Belt K2 and Plutonic East are near term developments for Catalyst and the updated Mineral Resources will underpin Catalyst's organic growth plans Mineral Resources for K2 are [...]
KEY POINTS Quarter highlights Plutonic and Henty quarterly production 24,576oz and 6,926oz respectively - both representing the most successful production quarters under Catalyst ownership Cashflows from operations allowed Catalyst to end the quarter with $37m in cash and bullion, $45m liquidity and only $8m debt in the form of a 2,220oz gold loan [...]
Catalyst begins FY25 with a stronger balance sheet and a pipeline of low-cost, organic growth options Catalyst acquired Plutonic on 1 July 2023; it has now operated it for 12 months Under Catalyst's ownership, Plutonic produced 85koz; this compares to 60koz in FY23 Total operating costs increased by only A$11m1 year-on-year This performance allowed [...]
New development approach reduces pre-production capital and lowers mine's development risk Trident maiden Ore Reserve includes a small open pit; this new approach lowers both the cost and execution risk of the mine's development Cashflows from the open pit reduces the maximum upfront capital drawdown to A$15m, from A$36m noted in Catalyst's July [...]
Balance sheet repair over previous 12 months has repaid A$28m of debt inherited through the Plutonic Gold Belt consolidation When Catalyst acquired ASX listed Vango Mining in 2023, it inherited a A$12m convertible note This convertible note has now either been repaid or converted Catalyst has repaid over A$28m of debt since July 2023 - the date [...]
Catalyst assessing an alternative development strategy to Trident potentially lowering capital costs and development risk Drilling of 44 holes has been completed immediately above the Trident Deposit Results suggest mineralisation is shallow and above the existing Trident deposit Catalyst to assess the potential for a small open pit that would also [...]
KEY POINTS Quarter highlights Plutonic performance continues to demonstrate operational improvement since acquisition Henty turnaround taking effect with learnings from Plutonic being implemented there, resulting in a step change in key operating KPIs since November 2023. Focus in coming quarters will be on stabilising this performance $9.1m, first [...]
Meaningful next step in in Catalyst's digestion of the Plutonic Gold Belt Key Points Catalyst has repaid the first tranche of a convertible note inherited following completion of the takeover of Vango Mining Ltd. Repayment funded by drawing on its existing revolving working capital gold loan provided by Catalyst's existing financier, Auramet [...]
The Directors present their report, together with the financial statements, on the consolidated entity consisting of Catalyst Metals Ltd. and the entities it controlled at the end of, or during, the half-year ended 31 December 2023. DIRECTORS The following persons were Directors of Catalyst Metals Ltd. during the whole of the financial half-year [...]
KEY POINTS Quarter highlights Operating performance at the Plutonic gold mine improved against September quarter reflecting the expected operational stabilisation Plutonic updated Mineral Resource and Ore Reserve released1; estimate provides comfort over Catalyst's forward mine plan ORE: 5.2Mt at 2.9g/t Au for 490,000oz MRE: 17.9Mt at 2.9g/t Au for [...]
