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Black Cat Syndicate Limited (ASX:BC8)

ALERT: Price-sensitive ASX Announcement for BC8
Current share price for BC8 : $1.100 -0.34 (-23.61%)+
Announcement
Release
26 Feb 2026 8:09AM
Price at Release
$1.440
Full Release
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Summary
Black Cat Syndicate Limited announced the first processing of their wholly owned ore from the Fingals and Majestic mines through their Lakewood Mill as part of the Kal East Gold Operation. The company has approved an expansion of the Lakewood Mill from 1.2 million tonnes per annum (Mtpa) to 1.5 Mtpa, with a capital cost of AUD 20 million, funded from their strong operating cashflow. This expansion is expected to reduce operating costs due to increased throughput and regulatory approvals are in place for the work to commence. The expansion will leverage existing infrastructure and is anticipated to be completed within 12 months. The Fingals and Majestic mines have begun processing their first ore, which is projected to improve operating margins and future cash flow significantly, as Black Cat transitions to using 100% owned ore.
Key Points
  • Lakewood Mill expansion approved to 1.5Mtpa.
  • Expansion capital cost is AUD 20 million.
  • First processing of Fingals and Majestic ore through Lakewood Mill.
  • Improved operating margin with transition to 100% owned ore.
  • Regulatory approvals in place for expansion.
  • Expansion to be completed in 12 months.
  • Black Cat funded expansion from operating cashflow.
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.