Catalyst Metals Gains Full Control of Plutonic Gold Belt Following Legal Settlement
Catalyst Metals has finalized a legal settlement, securing 100% ownership of a key area within Western Australia’s Plutonic gold belt. This resolution concludes a series of disputes inherited through the company’s acquisition of Vango Mining and merger with Superior Gold, allowing Catalyst to advance exploration and mining at the K2 mine and across the belt.
The Plutonic gold belt, which has seen limited development since the 1990s, currently produces approximately 100,000 ounces of gold per year from the Plutonic Main and Plutonic East mines. Catalyst is now positioned to bring three additional mines—Trident, K2, and Old Highway—into production using its existing two-million-tonne-per-annum CIL processing facility.
- The settlement involved a payment of A$15 million in cash, A$2 million in deferred cash, and 4.2 million Catalyst shares.
- Completion of all regulatory and legal requirements grants Catalyst uncontested operational rights in the area.
- Catalyst Metals, operating in Western Australia’s Eastern Gold Fields Province, now controls a 40km-long gold belt with significant resource potential.
