Announcement Date: 2023-02-20
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Catalyst Metals Ltd.
Project name: Marymia
Location: Australia
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Catalyst Metals Limited (“Catalyst”) (ASX: CYL) is pleased to present the Marymia Gold Project Mineral Resource Estimate (“MRE”) reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 Edition (“JORC Code”). This announcement is the first report of the Marymia Gold Project MRE by Catalyst following the acquisition of a majority interest in project owner Vango Mining Limited (ASX: VAN) (Vango) under its off market takeover offer (Offer). The Offer was declared unconditional on 15 February 2023, and Catalyst currently has a relevant interest in 89.6% of the Vango shares on issue. The Marymia Gold Project comprises underground and open pit deposits. The total resource of 1Moz at 3g/t Au is unchanged with that previously reported by Vango1 . Catalyst intends to progress exploration activities at Marymia and has commenced planning for an upcoming exploration program. The objective of this program will be to follow up on high priority targets identified by Catalyst and progress drilling at key deposits including Trident and K2 with a view to increasing Mineral Resources.
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