Black Cat Syndicate Limited (ASX:BC8) Pours First Gold at Paulsens

Gold Production Milestone

Black Cat Syndicate Limited (ASX:BC8) has achieved a significant milestone with the successful pour of first gold at the Paulsens Gold Operation. The first gold was poured from the refurbished processing facility on 22 December 2024, marking a key step in Black Cat’s production goals.

The refurbishment of the processing facility was completed safely, on schedule, and within budget. The commissioning of the ball mill with lower-grade material began on 16 December 2024. Carbon stripping is set to start in January 2025, indicating further progress in the gold production process.

Future Production Plans

Gareth Solly, Managing Director of Black Cat, stated, “This is a significant milestone for Black Cat as we grow our gold production. Our Paulsens team combined with Maca Interquip should be immensely proud that they have successfully achieved our targets and poured first gold safely, on time and within budget.” He highlighted the company’s ambition to target approximately 100,000 ounces from operations by the end of 2025.

Ongoing activities include ramping up miner operations and optimising the processing plant. Mobile mining equipment is expected to continue arriving at the site throughout December, allowing for the commencement of mechanised mining in January 2025.

Continued Growth and Development

Black Cat Syndicate remains fully funded and focused on becoming a multi-operation gold producer. Upcoming activities include near-mine drilling at both the Kal East and Paulsens sites throughout the early months of 2025, along with regional drilling efforts planned for later in the year.

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Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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