Growth-focused gold company Catalyst Metals (ASX: CYL) is pleased to present its Annual Report 2021 for a 12-month period during which the Company took another significant step forward in its quest to deliver sustained shareholder value.
During the year, Catalyst further consolidated its position as the most advanced explorer in the North Central Victorian Gold Fields while also becoming a producer following the acquisition of the fully operational, high-grade Henty Gold Mine in Tasmania. The Henty acquisition delivered on a Catalyst commitment to shareholders to pursue opportunities to acquire an operational gold mine with great exploration upside.
Highlights during 2021 included:
- Confirmation of multiple gold structures at the Tandarra Gold Project, in Victoria, from diamond drilling at the Tomorrow zone, extensions of gold mineralisation at Macnaughtan from air core drilling and enhancement of gold mineralisation at the recently discovered Lawry zone;
- Discovery of new zones of gold mineralisation with values of up to 43.5g/t Au east of the Boyd’s Dam trend at the Four Eagles Gold Project, also in Victoria; and
- Acquisition of Henty for a total cost of $20 million and successful integration into Catalyst.