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Catalyst Metals Limited (ASX:CYL)

ALERT: Price-sensitive ASX Announcement for CYL
Current share price for CYL : $5.340 -0.76 (-12.46%)+
Announcement
Release
23 Jun 2026 8:16AM
Price at Release
$6.100
Full Release
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Summary
Catalyst Metals Limited has announced an updated Mineral Resource Estimate for the Trident underground gold deposit, which is now 1.1 million ounces at 5.4 g/t Au. Trident is the second-largest deposit on the Plutonic Belt and forms a crucial part of Catalyst's strategy to boost annual gold production from approximately 100,000 ounces to 200,000 ounces. The Trident underground will be the fourth mine developed in this region, complementing existing operations at Plutonic, Plutonic East, and the Trident open pit. The company continues to focus on the development of the Trident orebody and is targeting increased reserves and production, contributing to a potential 10-year mine life for the Plutonic operations.
Key Points
  • Trident remains the second-largest deposit on the Plutonic Belt.
  • Catalyst Metals Limited aims to increase gold production to 200,000 ounces annually.
  • The updated Mineral Resource Estimate for the Trident underground is 1.1 million ounces at 5.4 g/t Au.
  • Trident underground will be the fourth mine developed on the Plutonic Belt.
  • Trident orebody development and exploration continue with aims to expand reserves and production.
  • Catalyst Metals' flagship asset is the 40km long Plutonic Gold Belt in Western Australia.
  • The Trident deposit is characterized by multiple stacked zones of mineralization.
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.