Black Cat Syndicate unveils major milestone

Black Cat Syndicate (ASX:BC8) has announced the start of commissioning activities at its wholly-owned Paulsens Gold Operation. The processing facility, on care and maintenance since 2018, is nearing the end of its refurbishment. Dry commissioning of the crushing circuit is complete, and wet commissioning has begun. The company aims for a first gold pour by December 2024.

Overview and future outlook for Black Cat Syndicate

Black Cat Syndicate is advancing with the commissioning of its Paulsens Gold Operation, eyeing a first gold pour in December 2024. The processing facility's refurbishment has been smooth, staying on track and within financial limits. The company plans to continue selective mining and mechanized fleet preparations while progressing with power system connections. Black Cat is also gearing up for accelerated exploration in 2025, with expansion plans for the Kal East processing facilities. With a strategic focus on its multi-operation gold production strategy, the Paulsens Gold Operation is expected to significantly contribute to Black Cat's portfolio. The operation is vital as it is the only processing facility within a 400km radius, with a planned production of 177koz over the first 4.2 years, generating $201M in operating cash flow. The company remains fully funded to pursue its ambitions across its three operations: Paulsens, Coyote, and Kal East. With compliance to the 2012 JORC Code, Black Cat is committed to transparency and continued exploration success.

Black Cat Syndicate executive commentary

The refurbishment process has been executed safely and efficiently, and it remains on schedule and within budget.