Catalyst pushes for more than Plutonic
Published the Australian Mining Review, Mining Magazine Catalyst Metals (ASX: CYL) has entered into an agreement to acquire Canadian mining company Superior Gold, which owns the Plutonic gold operations in WA. With the previously announced acquisition of Vango Mining and its Marymia gold project by Catalyst, this further transaction will create a new mid-cap Australian gold producer with control of three world-class Australian gold belts at Henty in Tasmania, Bendigo goldfields in Victoria and Marymia in WA. The Plutonic gold mine has a 3mtpa CIL processing capacity via two plants, annual production of 70,000oz of gold, reserves of 630,000oz at 3.5g/t and a resource of 5.9moz at 3.7g/t. Marymia is adjacent to Plutonic and has resources of 1moz, including a high-grade...