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An announcement from Catalyst Metals Limited ( (AU:CYL) ) is now available.
Catalyst Metals Limited has announced a significant increase in its gold reserves at the Plutonic Gold Belt, doubling to 1.5 million ounces, which supports its plan to increase annual production from 100,000 to 200,000 ounces over the next decade. The company has commenced open-pit mining at the Trident project and is advancing development at other sites, alongside infrastructure upgrades to support future growth. Catalyst’s admission to the ASX200 index reflects its strengthened market position, and the company has secured a $100 million corporate facility to enhance liquidity.
The most recent analyst rating on (AU:CYL) stock is a Hold with a A$8.00 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 mining company focused on gold production, primarily operating in the Plutonic Gold Belt in Central Western Australia. The company produces approximately 100,000 ounces of gold annually from its Plutonic Main and Plutonic East mines, with plans to increase production to 200,000 ounces by developing additional mines such as Trident, K2, and Old Highway. Catalyst also has interests in the Bendigo goldfield in Victoria, where it is exploring high-grade gold resources.
Average Trading Volume: 2,463,581
Technical Sentiment Signal: Buy
Current Market Cap: A$1.72B
For an in-depth examination of CYL stock, go to TipRanks’ Overview page.