Black Cat Syndicate Ltd. (AU:BC8) has released an update.
Black Cat Syndicate Limited has announced an update on its cost-effective refurbishment of the Paulsens Gold Operation processing facility, with costs now estimated at $18.3M, a reduction from previous figures. The company has also made significant strides in securing a debt funding package, aiming for a total of up to $30M to restart operations and possibly accelerate production if viable. With the appointment of Leeuwin Capital Partners as their debt advisor, Black Cat is on track to meet their funding milestones to propel the Paulsens project forward in the favorable gold market conditions.
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