Nice resource at Trident that will use the Catalyst experience developed from Henty. Plenty of exploration potential for more high grade underground ore. The big picture thinking behind attempting to take over the Plutonic mine and processing plant is to be commended. Early cash flow and good grades give some gold price resilience. If it can be achieved without loading up with debt, and I can't see why not given the low SOI, then Catalyst could be significant producer with three high grade underground long life gold mines soon enough. Victoria is a slow burn and will be lucky to be operational this decade so moving to granted mining leases with proven resources in WA is a good move. They are looking to build a $billion company.
Go Catalyst, good move, good strategy.
DYOR. Not investment advice.
Ann: Recommended bid to acquire Vango Mining, page-3
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