Black Cat Syndicate Ltd. (AU:BC8) has released an update.
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Black Cat Syndicate Limited has demonstrated a productive quarter with significant advancements in their gold operations, including the successful update of the Paulsens Gold Operation restart study and the commencement of refurbishment and mining activities. The company has also initiated a collaboration with Mineral Mining Services for the mining of open pits, and secured a notable equity placement of $36M to fund their operations. Despite the resignation of a non-executive director, Black Cat is progressing with a funding strategy that includes seeking a Secured Debt Facility, indicating a strong operational and financial momentum.
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