Australian gold company Black Cat Syndicate (ASX:BC8) made an exciting announcement on Friday, October 4, revealing its first gold doré from the Myhree ore at the Kal East gold project. The early arrival of the first gold pour showcased the company’s efficiency and progress in its operations.
As part of an update covering activities until September 30, Black Cat Syndicate shared details on the turn-key funding, development, and processing package at the Myhree and Boundary open pits.
The initiation of pre-strip and ore production at the Myhree pit began on July 26 and has already yielded 78,000 tonnes of ore during the quarter. The focus has now shifted to waste removal to achieve a common reduced level.
Gareth Solly, the managing director of Black Cat, expressed optimism about the progress, stating, “Excellent progress is being made on all fronts as we continue the prestrip and the gold production build.” The successful haulage and processing of the first ore parcel at Paddington mark significant milestones for the company.
Meanwhile, operations like ore mining and a 24-hour free-dig operation are actively progressing.
Insight: The accelerated production timeline and operational efficiency demonstrated by Black Cat Syndicate highlight its commitment to achieving milestones ahead of schedule. This proactive approach can boost investor confidence and enhance the company’s reputation in the competitive gold mining sector.
The Kal East gold project, situated east of Kalgoorlie-Boulder in Western Australia, boasts a JORC 2012 mineral resource of 18.8 million tonnes at 2.1 grams per tonne gold, amounting to 1,294,000 ounces. The discovery of the Myhree deposit shortly after its ASX listing in 2018 underscores Black Cat’s exploration prowess and resource potential.
“A central processing facility strategically located near the Majestic Mining Centre is in the works, offering a streamlined approach to mineral processing and resource extraction within the Kalgoorlie-Boulder region,” mentioned Black Cat on its website.
Monthly updates from the company regarding the project’s progress will continue until the end of 2024, with quarterly updates thereafter.
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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
