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Black Cat Syndicate (ASX: $BC8) reports strong increase in Paulsens Resource

Black Cat Syndicate (ASX: $BC8) Activities Report Overview


Black Cat Syndicate Limited (ASX: $BC8) is pleased to report on its activities for the quarter ended 31 December 2023. The company's Paulsens Gold Operation saw a strong increase in its resource to 406koz @ 9.5g/t Au, confirming Paulsens as one of Australia's highest-grade gold deposits. The measured & indicated resources increased significantly to 309koz @ 9.7g/t Au, representing 76% of the total resource. Black Cat's vision is to be the dominant player in three prolific gold districts, Paulsens Coyote and Kal East. The company also undertook a significant regional consolidation over a highly prospective Au-Cu area during the quarter, resulting in a ~74% increase in Paulsens to ~1,650km2.

Executive Commentary


The stronger for longer Restart Plan for Paulsens, released in November 2023, demonstrates the company's commitment to maximizing operating cashflow after all capital and tax. The significant increase in Paulsens Resource to 406koz @ 9.5g/t Au reflects our dedication to systematic and cost-effective resource extension and replacement. We are excited about the potential upside opportunities and exploration targets outlined in the report, and we remain focused on our goal to become a multi-operation gold producer at our three 100% owned operations.

Summary of Activities and Outlook


Black Cat Syndicate's activities report for the quarter ended 31 December 2023 highlights the company's strong focus on resource growth, exploration, and regional consolidation. The significant increase in Paulsens Resource to 406koz @ 9.5g/t Au, along with the outlined exploration targets, underlines the company's commitment to maximizing the potential of its operations. With a clear vision to become a dominant player in prolific gold districts, Black Cat Syndicate is well-positioned to capitalize on the growth potential of its projects. The company's ambitions, goals, and forecasts indicate a strategic approach to further enhance its position as a leading gold producer.

Sourcehttps://announcements.asx.com.au/asxpdf/20240131/pdf/05zy4g04x0tv50.pdf

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