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Black Cat Syndicate Limited (ASX:BC8)

ALERT: Price-sensitive ASX Announcement for BC8
Current share price for BC8 : $0.920 -0.485 (-34.52%)+
Announcement
Release
12 Jan 2026 8:24AM
Price at Release
$1.405
Full Release
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Summary
Black Cat Syndicate Limited has reported new high-grade gold zones within the Fingals Open Pit at the Kal East Gold Operation. The recent drilling program confirmed the presence of high-grade gold outside the current resource within the open pit. This includes results like 5m at 10.20g/t Au and 11m at 3.87g/t Au. The project, with a probable open pit ore reserve of 2,039kt at 1.7g/t Au for 113,000 ounces, remains open in all directions, providing long-term feed potential for Kal East. Mining activities are progressing well, with the first ore processing at Lakewood expected in March 2026. The development is fully funded from operating cash flows, reflecting the company's strong financial position.
Key Points
  • New high-grade gold zones confirmed at Fingals Open Pit, Kal East.
  • Probable open pit ore reserve: 2,039kt at 1.7g/t Au for 113koz.
  • Significant drill results include 5m at 10.20g/t Au and 11m at 3.87g/t Au.
  • Mining ramp-up at Fingals is progressing with first ore processing by March 2026.
  • Development funded entirely from operating cash flows.
  • Kal East provides long-term feed potential with open directions for exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.