Black Cat Unveils High-Grade Gold Hits at Paulsens, Boosting Growth Prospects

Strong Drilling Momentum at Paulsens

Black Cat Syndicate Limited (ASX, BC8) has delivered a robust update on its drilling campaign at the 100% owned Paulsens Gold Operation in Western Australia. The company reported a series of impressive underground diamond drilling results, highlighting significant high-grade gold intercepts within both the Gabbro Veins and the historically productive Main Zone. These results reinforce Black Cat’s strategy to accelerate resource growth and optimise near-mine production.

Among the standout intercepts are intervals such as 0.88 metres grading 93.20 grams per tonne gold and 2.50 metres at 32.11 grams per tonne, underscoring the exceptional grade continuity in these zones. Notably, the Gabbro Veins remain largely unmined, with multiple jumbo development drives actively progressing to establish access for future production, signaling a promising new chapter for the mine’s underground operations.

Expanding Resource Horizons

The drilling program is not only focused on infilling known mineralisation but also on expanding resources in the Hangingwall Zone, located down-plunge from historical Galileo workings. Assays from this area are anticipated in September 2025, with early targets referencing a previous intercept of 13.10 metres at 26.51 grams per tonne gold. This exploration effort aims to unlock additional ounces and extend the mine life.

Complementing underground efforts, surface drilling at the Paulsens West Seismic Target is set to commence in August 2025. This target is considered potentially analogous to the structure hosting the high-grade Main Zone, offering further upside for resource delineation in the region.

Operational and Strategic Implications

Managing Director Gareth Solly expressed optimism about the drilling outcomes, emphasizing their role in supporting production from highly prospective zones. With development drives advancing and stoping activities increasing, the company is building momentum under its “more gold, sooner” strategy. The ongoing drilling and exploration programs are integral to sustaining and potentially enhancing production profiles at Paulsens.

Importantly, Black Cat confirmed that there have been no material changes to previously reported resource and reserve estimates, maintaining confidence in the mine’s valuation and operational plans. The company also outlined a busy exploration calendar ahead, including regional drilling and geophysical surveys, which could further enhance the asset’s value proposition.

Technical Rigor and Compliance

The announcement includes comprehensive technical details adhering to JORC 2012 standards, with rigorous sampling, assay, and quality control procedures ensuring the reliability of the reported results. Competent Person Dr. Wesley Groome, a Registered Professional Geoscientist, has verified the data, lending further credibility to the findings.

Black Cat’s broader portfolio, including the Kal East and Coyote projects, continues to complement Paulsens, positioning the company well within the Western Australian gold sector. The Paulsens Gold Operation, with its existing infrastructure and high-grade resource base, remains a cornerstone of Black Cat’s growth ambitions.