Trident Resource Grows 63% to 795koz as New High-Grade Drilling Extends Boundaries

Expanding the Trident Gold Project

Catalyst Metals Limited (ASX – CYL) has unveiled promising new drilling results from its flagship Trident Gold Project, located within Western Australia's Plutonic Gold Belt. The latest assays reveal significant gold intercepts well outside the existing resource envelope, suggesting the deposit's mineralisation extends further than previously estimated.

Following a substantial resource upgrade earlier this year, which saw the indicated and inferred resource grow by 63% to 795,000 ounces at an improved grade of 5.3 grams per tonne, these new drill intercepts reinforce Catalyst’s confidence in expanding the resource base. Notably, intercepts such as 11 meters at 7.1 g/t and 22 meters at 5.2 g/t lie up to 250 meters beyond the current resource boundary, indicating robust potential for further growth.

Strategic Location and Development Progress

Trident sits just 30 kilometers northeast of the underutilised Plutonic processing plant, a centrally located facility with a 2 million tonnes per annum capacity. This proximity offers Catalyst a strategic advantage to efficiently ramp up production as new resources are delineated and converted into reserves.

Development at Trident is well underway, with pre-development and site works completed by July 2025 and open pit mining commenced in August. The initial open pit is expected to generate positive cash flow, offsetting pre-production capital costs and paving the way for underground mining operations.

Aiming for a 2 Million Ounce Reserve

Catalyst’s Managing Director, James Champion de Crespigny, emphasised the significance of these results, noting that the mineral system remains open at depth and along strike. The company’s aspirational vision is to double the current reserve base to approximately 2 million ounces, a target that, while not yet a production forecast, reflects the potential unlocked by ongoing exploration.

With the Trident deposit already the second largest on the Plutonic Gold Belt, these drilling results could meaningfully extend the mine life beyond the initial five-year plan outlined in Catalyst’s 2024 feasibility study. The company is concurrently advancing infill drilling to upgrade inferred resources and extensional drilling to discover new mineralised zones.

Broader Growth Prospects on the Plutonic Belt

Beyond Trident, Catalyst is preparing to bring additional deposits, K2 and Old Highway, into production, all feeding the same processing plant. The company aims to increase annual gold production from around 100,000 ounces to approximately 200,000 ounces, supporting a rare 10-year underground mine life in this region.

Meanwhile, Catalyst’s control of a large strike length north of the historic Bendigo goldfield offers further exploration upside, with high-grade greenfield resources already delineated and additional discoveries anticipated.