Black Cat Syndicate (ASX: BC8) has revealed major updates at the Paulsens Gold Operation. With the inclusion of new territories, the project has doubled to about 3,190km². The Big Sarah prospect, known for its historical gold production, is a key focus. Drilling is set to begin in early 2025, aiming to boost the company's multi-metal exploration in the region.
Black Cat Syndicate has effectively doubled the size of its Paulsens Gold Operation project area to approximately 3,190km². This expansion includes new acquisitions adjacent to the Big Sarah prospect, a historical site of gold production. The company is strategically dividing the Paulsens region into Ashburton Basin Gold, Ashburton Basin Critical Minerals, and Wyloo Dome Gold areas for focused exploration and resource expansion. Plans are underway to start drilling and exploration activities by early 2025. With refurbishment activities at the Paulsens processing facility scheduled for December 2024, Black Cat aims to enhance its resource definition and increase production capacity. The company is financially prepared to support these initiatives with secured debt facilities, aligning with its long-term goals of sustainable growth and resource development.
The new tenement grant facilitates surface exploration activities for further resource definition.