Catalyst Metals (ASX: CYL) shows up to 129g/t at Henty Gold Mine

• 8. 7m@129.0g/t
• 8.5m@32.7g/t
• 3.Jm@42.1g/t
• 6.0m@14.6g/t
• 5.6m@12.9g/t

“The strong drilling results continue to show that our strategy is working,” technical director Bruce Kay said.

“We are outlining more high-grade mineralisation and, importantly, in multiple areas.

“Our Resource update is almost completed and drilling is ongoing with four diamond rigs operating underground.

“This aligns with our objective of growing the inventory and production rate at Henty while

reducing the unit costs.”

HENTY GOLD MINE

The Henty Gold Mine is located 23 kilometres from the town of Queenstown in northwestern Tasmania, consisting of an underground mine and nameplate capacity of 300,000tpa conventional CIL processing plant.

Catalyst acquired 100%of the Henty GoldMineandregional exploration tenements in January 2021. Since its acquisition, Catalyst has been pursuing a strategy to increase mining inventory to support higher gold production and lower costs. Catalyst has invested heavily in exploration and is currently undertaking an update in its reserve and Resource estimates.

In the FY22 June quarter, production at Henty was 6,397oz at an AISC of A$2,100oz. Production for FY22 was 25,199oz, and Catalyst is targeting an annualised gold production rate of 35,000oz by the end of FY23.

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