This is how the release should have read from...

This is how the release should have read from Stockhound:

Catalyst Metals Limited, in a strategic effort to consolidate the Plutonic Gold Belt, acquired two companies in June 2023, heralding a new chapter for this northern WA gold haven. The company’s fresh perspective led to a re-estimation process, diverging from the previous owners’ approach, thus reshaping the potential of this significant gold belt.

For those new to the space, the Plutonic Gold Belt, now under Catalyst’s purview, hosts the renowned Plutonic underground mine and the satellite development project, Trident. According to the latest figures, the Plutonic Main deposit boasts Mineral Resources of 17.9Mt at 2.9g/t Au, totalling 1,654,000 ounces, and Ore Reserves of 5.2Mt at the same grade, approximating 490,000 ounces. However, it’s important to note that these estimations have yet to extend to the Plutonic East and Hermes Area.

Shifting focus to Trident, we see a resource estimation of 4.2Mt at 3.7g/t Au, aggregating to 508,000 ounces. Notably, this marks a 24% increase in resources, albeit with a reduced grade from previous Vango estimates. Catalyst is currently advancing the Trident Definitive Feasibility Study, expecting to release its reserves in 2024.

The company’s re-estimation process underscores a comprehensive review and a novel approach to modelling highly variable gold mineralization. This method aligns more closely with recent and historic production reconciliation performance, thereby setting a more robust and reliable foundation for future mining activities.

In the broader context, these updates represent more than mere numbers. They reflect a strategic shift in Catalyst’s operational focus and a reinvigorated vision for the Plutonic Gold Belt. This could potentially signal a new era of production efficiency and profitability, given the recalibrated estimates and the potential of the underexplored regions within the belt.

This sets a precedent for how Australian gold mining companies might approach resource estimation and development strategies in the future, especially in scenarios involving historical mining sites and previously established estimates. While Catalyst Metals forges ahead with its plans for 2024, the market watches with keen interest, anticipating how these revised figures and the ensuing development strategies will shape the dynamics of gold production in Western Australia.

https://stockhound.com.au/revamped-gold-outlook-catalyst-metals-revolutionizes-plutonic-belt/?wtp=catalyst-metals-limited-asx-cyl-952331