Kal East Gold Operation Update

Black Cat Syndicate (ASX:BC8) has provided an update on its Kal East Gold Operation, focusing on the Myhree/Boundary open pits. The company is ahead of schedule with approximately 150,000 tonnes of ore mined. Operations are running smoothly and safely, aligning closely with the grade control model. The company is optimistic about its expedited cash flow from this operation.

Kal East Gold Operation and Future Outlook

Black Cat Syndicate's update on the Kal East Gold Operation highlights significant progress at the Myhree/Boundary open pits. With mining ahead of schedule and approximately 150,755 tonnes of ore mined, the company reports minimal variance with the grade control model. The operation is expected to generate expedited cash flow, enhancing Black Cat's financial position. The company is also focusing on the commissioning of Paulsens in December 2024 and expanding processing facilities in 2025. These strategic initiatives reflect Black Cat's ambition to strengthen its position as a multi-operation gold producer.

Executive Insights on Kal East Progress

Black Cat will receive the first AUD 30 million of cash flow after recovering start-up costs, with subsequent profits shared with MMS.