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Catalyst Metals Limited (ASX:CYL)

ALERT: Price-sensitive ASX Announcement for CYL
Current share price for CYL : $5.960 0.79 (15.28%)+
Announcement
Release
30 Jun 2026 8:20AM
Price at Release
$5.170
Full Release
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Summary
Catalyst Metals Limited has completed the open pit mining at the Trident project and is advancing with the development of the underground mine, expected to provide a significant high-grade ore source for the Plutonic processing plant. With updated resources of 1.1Moz, the Trident underground mine is anticipated to produce approximately 60,000 ounces annually over a ten-year period. This development is part of Catalyst's strategic plan to double gold production at Plutonic to 200,000 ounces per year using its existing processing infrastructure, enhancing operational flexibility and resource stability.
Key Points
  • Trident is the largest of five mines to be developed by Catalyst Metals Limited.
  • Updated underground Resource for Trident is 1.1Moz at 5.4g/t.
  • Mining of a small open pit at Trident was completed in May 2026.
  • Underground portal and decline development are underway.
  • Grade control for the first 15 months of underground production completed.
  • First stoping ore from underground expected in the first half of CY2027.
  • Trident to operate at ±60koz per annum for approximately 10 years.
  • Trident underground is the fourth mine on the Plutonic Belt.
  • Catalyst plans to increase Plutonic's gold production from ±100koz to ±200koz annually.
  • Operational flexibility expected with six ore sources feeding a 2Mtpa processing plant.
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.