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Catalyst Metals Limited ( (AU:CYL) ) has shared an announcement.
Catalyst Metals Limited has received approval for its Works Plan to construct an exploration tunnel at the Four Eagles ‘Boyd’s Dam’ gold project in Victoria, marking a significant step towards developing a commercially viable gold operation. This approval, alongside securing a processing facility and delineating a high-grade gold resource, positions Catalyst to expand its operations and potentially increase production. The company’s strategic partnership with Hancock Prospecting and collaboration with government agencies further support its development goals, aiming to enhance its resource base and production capabilities.
The most recent analyst rating on (AU:CYL) stock is a Buy with a A$11.00 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.
More about Catalyst Metals Limited
Catalyst Metals Limited is a company operating in the gold mining industry, primarily focusing on the exploration and development of gold projects. The company’s flagship asset is the Plutonic Gold Belt in Central Western Australia, which produces approximately 100,000 ounces per annum. Catalyst is also working on bringing three new mines into production and aims to increase its reserves and production significantly. The company controls a processing plant and a substantial strike length near the historic Bendigo goldfield, where it has delineated a high-grade resource.
Average Trading Volume: 2,328,254
Technical Sentiment Signal: Buy
Current Market Cap: A$1.86B
For detailed information about CYL stock, go to TipRanks’ Stock Analysis page.