Catalyst Metals Breaks Production Records, Clears Legal Hurdle at K2

Record Production and Legal Resolution

Catalyst Metals has delivered a standout quarter with record gold production of 28,176 ounces from its flagship Plutonic Gold Belt in Western Australia. This output marks the highest quarterly performance since 2014, achieved through ore sourced from three operating mines – Plutonic Main, Plutonic East, and the Trident open pit.

Crucially, Catalyst settled a longstanding legal dispute over the K2 deposit during the quarter. This resolution removes a significant barrier to development, allowing the company to accelerate mining and exploration activities at K2, its fourth ore source on the belt. The settlement also clears the way for Catalyst to operate as a clean and unencumbered entity, having resolved inherited legal issues since consolidating the Plutonic Belt in 2023.

Advancing Multiple Mines and Exploration Success

Development continues apace across Catalyst’s portfolio. The Trident open pit is on track to complete mining by mid-2026, with underground operations set to commence shortly after. Meanwhile, K2 is progressing with rehabilitation, dewatering, and grade control drilling underway, targeting first ore delivery before June 2026.

Exploration drilling has yielded promising results, particularly at the Cinnamon deposit, where high-grade intercepts such as 22 metres at 14.3 grams per tonne and 7 metres at 29.8 grams per tonne have doubled the strike length of the mineralised trend. These findings suggest Cinnamon could become a significant new ore source, complementing the existing mines.

Further afield in Victoria, Catalyst secured approval for an exploration tunnel at the Four Eagles Gold Project and acquired full ownership of the Tandarra Gold Project. These moves strengthen the company’s position in the historically rich Bendigo goldfield region and open new avenues for resource growth.

Financial Strength and Future Outlook

Financially, Catalyst remains robust with operating cashflow of A$74 million after sustaining capital and corporate costs. The company ended the quarter debt free, holding A$238 million in cash and bullion alongside an undrawn A$100 million revolving credit facility, providing liquidity of A$338 million.

Guidance for the full fiscal year remains steady, targeting 100,000 to 110,000 ounces of gold production at an all-in sustaining cost (AISC) between A$2,200 and A$2,650 per ounce. Catalyst’s strategy aims to double production to approximately 200,000 ounces annually over a ten-year mine life by developing five mines feeding a centrally located processing plant.

With multiple projects advancing and exploration success expanding resource potential, Catalyst Metals is positioning itself as a stable, long-life gold producer in Western Australia and Victoria.