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Catalyst Metals Limited ( (AU:CYL) ) has shared an announcement.
Catalyst Metals Limited has appointed Craig Dingley to the Board of Kaiser Reef Limited, following the sale of the Henty Gold Mine to Kaiser Reef. This strategic move, which includes Catalyst becoming the largest shareholder in Kaiser Reef, underscores Catalyst’s commitment to supporting Kaiser Reef’s management and growth. The appointment is part of Catalyst’s broader strategy to enhance its industry positioning and leverage its assets to increase gold production and reserves.
The most recent analyst rating on (AU:CYL) stock is a Buy with a A$10.45 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 operates in the gold mining industry, focusing on the exploration and development of gold deposits. Its flagship asset is the Plutonic Gold Belt in Central Western Australia, which produces approximately 100,000 ounces annually. The company is expanding its operations with three new mines and aims to increase its reserves and production significantly. Catalyst also controls a processing plant and a significant strike length near the historic Bendigo goldfield, with ongoing exploration efforts.
Average Trading Volume: 2,160,475
Technical Sentiment Signal: Buy
Current Market Cap: A$2.05B
For a thorough assessment of CYL stock, go to TipRanks’ Stock Analysis page.