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An announcement from Catalyst Metals Limited ( (AU:CYL) ) is now available.
Catalyst Metals Limited has announced promising drill results from its Cinnamon-Cobalt trend on the Plutonic Gold Belt, revealing potential for significant resource expansion. The recent drilling program has identified new target areas and doubled the known strike length of the Cinnamon resource, indicating the possibility of Cinnamon becoming a key ore source in the company’s future production plans.
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 mining company focused on gold exploration and production. Its flagship asset is the Plutonic Gold Belt in Central Western Australia, which currently produces approximately 100,000 ounces of gold annually. The company is working on bringing three new mines into production and aims to increase its reserves and production significantly.
Average Trading Volume: 2,383,058
Technical Sentiment Signal: Buy
Current Market Cap: A$1.94B
See more data about CYL stock on TipRanks’ Stock Analysis page.