HIGHLIGHTS The Paulsens gold processing facility is strategic as it is the only such facility within a 400km radius. As indicated in the 8 May 2024 Restart Study, the processing facility may have spare processing capacity available.Accordingly, good faith discussions with Dreadnought Resources Ltd (ASXRE “Dreadnought”) have commencedregarding the processing of material from a potential high-grade open pit at Dreadnought’s Star of Mangaroon deposit.
Black Cat’s Managing Director, Gareth Solly, said: “Paulsens is a strategic asset on multiple fronts and we continue toassess regional business development opportunities on a regular basis.Entering into good faith discussions with Dreadnought demonstrates the significant potential of owning the only goldprocessing facility within a 400km radius from Paulsens. We look forward to working with Dreadnought in relation tothe potential high-grade open pit at the Star of Mangaroon.”
Ann: Consolidation, Growth & Commercialisation - Mangaroon Gold, page-12
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