Catalyst Metals (ASX: $CYL) Achieves Record Gold Production

Catalyst Metals Limited (ASX: $CYL) has achieved annual group production of 110koz, including the first 12 months of Plutonic production under Catalyst's ownership. Plutonic produced 85koz for the FY24 year compared to 60koz in FY23, representing a 41% increase, with only an $11m increase in costs. At 30 June 2024, Catalyst held A$37m in cash and bullion, with debt remaining comprising a gold loan of 2,220oz of gold to be repaid in six monthly installments.

Executive Commentary on Catalyst's Performance

It has been a big year for Catalyst. Producing well over 100koz of gold, repaying A$28m of debt and still growing our cash balance. Now, with Plutonic stabilising, we are able to focus on developing Trident and Plutonic East which will see our production grow to over 150koz. Catalyst is entering the next financial year in a balanced position with a long pipeline of near term, low capital, organic growth options.

Summary of Catalyst Metals' Achievements and Outlook

Catalyst Metals Limited (ASX: $CYL) has successfully achieved a 41% increase in gold production at Plutonic, ending the year with a stronger balance sheet and reduced debt. With a cash balance of A$37m and a focus on developing Trident and Plutonic East, Catalyst aims to grow its production to over 150koz. The company's balanced position and pipeline of low-cost, organic growth options indicate a positive outlook for the next financial year.