Recording date: 9th June 2023The transcript discusses the...

Recording date: 9th June 2023

The transcript discusses the proposed transaction between Catalyst Metals and Superior Gold, where Catalyst would acquire Superior Gold. The CEOs of both companies, Christian and James, provide insights into the motivations behind the merger and the benefits it would bring.

The merger aims to unite the gold assets of both companies under a single Australian company. By doing so, it would increase gold production and lower operational costs. The Platonic gold mine, previously facing challenges, would benefit from the stability and consistency brought by the merger.

Superior Gold shareholders would gain exposure to additional high-grade ore bodies, such as the Bendigo project, which offers significant exploration upside. The consolidation would provide a larger and stronger company with enhanced financial resources, stability, and higher production levels.

The deal structure involves Catalyst giving 0.35 shares to each Superior Gold share, resulting in Catalyst owning approximately 25% of the combined company. The proposal has received unanimous support from the boards of both companies and a significant portion of Superior Gold's institutional shareholders.

Overall, the merger aims to create a well-funded, diversified, and Australian stock exchange-listed gold producer with improved operational capabilities and growth opportunities. The transaction seeks to address operational issues, unlock value from additional ore bodies, and enhance shareholder value for both companies involved.