InvestSMART

Catalyst Metals Limited (ASX:CYL)

ALERT: Price-sensitive ASX Announcement for CYL
Current share price for CYL : $5.760 0.65 (12.72%)+
Announcement
Release
3 Jul 2026 8:26AM
Price at Release
$5.110
Full Release
download
Summary
Catalyst Metals Limited, listed on the ASX under the code CYL, reported a record performance for the FY26, achieving quarterly gold production of 31,812 ounces and annual production of 104,000 ounces from the Plutonic Gold Belt, in line with their guidance of 100,000 to 110,000 ounces. This is a significant increase compared to the production levels three years ago, marking a doubling of output under Catalyst's ownership. The production was sourced from four mines: Plutonic Main, Plutonic East, Trident open pit, and K2 underground. Development work, including new mine approvals at the Trident underground, Old Highway, and Cinnamon, is progressing well. Catalyst aims to extend the reserves significantly, targeting an increase from 1.5 million to around 2 million ounces and achieving a stable annual production level of 100,000 to 200,000 ounces. Financially, Catalyst Metals remains strong with no debt and cash & bullion reserves amounting to A$323 million as of June 30, 2026.
Key Points
  • Record gold production for FY26 with 31,812 ounces quarterly and 104,000 ounces annually.
  • Production aligns with guidance range of 100,000 to 110,000 ounces.
  • Significant production increase under Catalyst's ownership, doubling output in three years.
  • Production sourced from Plutonic Main, Plutonic East, Trident open pit, and K2 underground.
  • Ongoing development at Trident underground, Old Highway, and Cinnamon mines.
  • Targeting reserve increase from 1.5 million to around 2 million ounces.
  • Catalyst aims for annual production between 100,000 and 200,000 ounces.
  • Financially strong with A$323 million in cash & bullion and no debt.
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.