Fresh from news earlier this week that it was moving closer towards mining approval at its Trident gold project, Catalyst Metals has outlined its focus for the calendar year.
Fresh from news earlier this week that it was moving closer towards mining approval at its Trident gold project, Catalyst Metals has outlined its focus for the calendar year.
The gold miner, which produced 28,397 ounces during the December 2024 quarter – up from 27,991oz during the previous quarter – plans to bring three new mines online by the end of 2025.
The biggest of the three, Trident, is a 524,000oz resource, and is situated 30km north-east of the company’s Plutonic processing plant.
Earlier this week, the James Champion de Crespigny-led gold producer announced that the Department of Energy, Mines, Industry Regulation and Safety had approved a proposal for Trident’s underground mining operation.
Mining will be able to begin at Trident once DEMIRS approves the site’s open pit mining proposal, with first ore expected later in the 2025 calendar year.
“As these mines are brought into production, Catalyst will focus on expanding each deposit’s mine life to five years or more,” the company said.
“This will deliver a stable, five-year plan of four mines feeding a central processing facility.
“This is a stable operation and will support Catalyst’s increased focus on exploration in the coming years.”
Catalyst produced 110,000oz during the 2024 financial year and has implemented a production guidance of 105,000-120,000oz of gold for the 2025 financial year.
In line with previous announcements, the gold miner is now debt-free, after paying off a gold loan it inherited following the acquisition of Superior Gold – and has $84 million of cash and bullion in its till.
Catalyst shares closed trade up 5 per cent to $3.28.
