Ann: Strong Fingals Fortune Results Continue, page-4

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21/10/21

09:13

Post #: 56957202
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Originally posted by copperroad: ↑

Mining second half next year.Black Cat’s Kal East Gold Project comprises ~800km2 of highly prospective tenements to the east of the world
class mining centre of Kalgoorlie, WA. Kal East contains a combined JORC 2012 Mineral Resource of 17.5Mt
@ 2.1 g/t Au for 1,185,000 oz which is mainly located in the Myhree, Majestic, Fingals and Trojan Mining
Centres.
Black Cat plans to construct a central processing facility near the Majestic Mining Centre, ~50kms east of
Kalgoorlie. This location is well suited for a processing facility and sits within a short haulage distance of the
bulk of Black Cat’s Resources. The processing facility will be a traditional carbon-in-leach gold plant which is
ideally suited to Black Cat’s Resources as well as to third party free milling ores located around Kalgoorlie.
Black Cat is well advanced on securing key, long lead time items. High quality Outokumpu ball mills and
associated infrastructure have already been purchased and relocated. After servicing in Kalgoorlie, the mills
will be relocated to the Majestic Mining Centre. Other key components have also been identified for
procurement and Black Cat intends to secure all items needed to allow for production to commence in the
second half of 2022.
Black Cat’s extensive ground position contains a pipeline of projects spanning from exploration targets on new
greenstone belts, Resource extensions around historic workings and study work for the definition of maiden
Ore Reserves.
Black Cat is actively growing and upgrading the current Resources with ongoing drilling programs underway
and delivering results.

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Looks very cheap when you consider the AOP bid from RMS. The EV for AOP is $128m for 1.1moz @ 1.2 g/t v BC8 EV of about $60m for 1.2moz @ 2.1 g/t.

Last edited by TTrader: 21/10/21

BC8 Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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