Black Cat Syndicate Limited
Black Cat Syndicate Limited
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Explorer Black Cat has claims to hold two of Australia’s highest-grade gold deposits with the posting of an underground resource of 258,000oz (742,000t @ 10.8g/t) at its 100%-owned Paulsens operations in WA.
Black Cat acquired both Paulsens in the East Pilbara region and its Coyote Central project in the Tanami region, which holds 356,000oz @ 14.6g/t, from major Northern Star in 2022.
The underground Paulsens resource lifts the total Paulsens gold operation by 73% to 401,000oz (3.8Mt @ 3.3g/t).
West Australian developer Black Cat Syndicate has outlined one of the country’s highest-grade gold deposits in a resource update for the Coyote Central, part of the mothballed Coyote operation in the Tanami region it acquired last year from Northern Star Resources.
MD Gareth Solly says a new geology model and the results of five months of drilling has delivered a JORC 2012 mineral resource of 424,000oz (1.5Mt @ 8.8g/t) at Coyote Central, including an underground resource of 356,000oz (757,000t @ 14.6g/t).
West Australian developer Black Cat Syndicate has outlined a robust base case plan to produce 301,700oz gold at AISC of $A1,510/oz over 5.5 years in the PFS for its Kal East gold project close to the Goldfields capital Kalgoorlie.
Kal East has approvals in place and a short pathway to the commencement of construction on a proposed $87.9M development, using contractors to mine a series of openpit and underground mines, when labour market conditions improve.
West Australian miner Black Cat Syndicate has deferred plans to construct an 800,000tpa gold processing facility at its KalEast project while it implements an 18-24 month schedule for restarting mining at its newly acquired Coyote and Paulsens operations.
The company says it expects to fund the KalEast development through cashflow from the former Northern Star projects – Coyote in the Tanami region and Paulsens in the eastern Pilbara.
Black Cat Syndicate’s ambitions to become a mid-tier Western Australian gold producer rest on a four-year schedule for development and mining its portfolio of three high-grade mines in the state’s Eastern Goldfields, Eastern Pilbara and Tanami regions. John Feary reports
Northern Star sells its Paulsens Gold Operation and Western Tanami Gold Project, both in Western Australia, to the Black Cat Syndicate for $44.5M in cash/scrip
Australian explorer Black Cat Syndicate continues to build expectations for its Kal East gold project in WA, increasing the indicated and inferred JORC-compliant resource at its Jones Find deposit by 67% to 55,000oz (1.3Mt @ 1.3g/t).
Jones Find lies within 1.5km of the proposed site for the proposed 800,000tpa processing facility at Black Cat’s Majestic Mining Centre. Apart from some small-scale and shallow workings in the 1930s, it has had no modern mining.
Black Cat Syndicate believes there’s still plenty more to come after posting an upgraded mineral resource at its Fingals Fortune deposit in Western Australia to 4.4Mt @ 2.2g/t. The 275,000oz contained gold estimate has grown more than 200% in less than 18 months.
Significant potential remains for new discoveries immediately surrounding Fingals Fortune and the wider Fingals Mining Centre 40km east of Kalgoorlie and MD Gareth Solly says future drilling will also target deeper extensions of higher-grade lodes for potential underground mining.
Total resources at West Australian explorer Black Cat’s Kal East gold project have grown to 1.2Moz (17.5Mt @ 2.1g/t) with the declaration of maiden resource estimates totalling 95,000oz (2.2Mt @ 1.4g/t) for its Crown and Jones Find deposits.
The two shallow deposits are on previously unmined land within 1.5km of Black Cat’s planned 800,000tpa Majestic Mining Centre CIL gold processing facility 50km E of Kalgoorlie, making them high priority options for its mine planning. Both remain open along strike and at depth.
West Australian explorer Black Cat Syndicate continues to build the potential for a large openpit development of the Fingals Fortune deposit after a mineral resource update showed its indicated gold resources growing by 159% to 1.8Mt @ 1.8g/t for 106,000oz.
It means Black Cat has increased the total indicated and inferred resource at its Fingals Mining Centre to 222,000oz (3.68Mt @ 1.9g/t), up 150% since acquiring the project area 40km east of Kalgoorlie from Silver Lake Resources in July 2020.