Black Cat Syndicate Limited (ASX: $BC8) Update on Kal East Gold Project

Black Cat Syndicate Limited (ASX: $BC8) has released an update on the Kal East Gold Project Preliminary Feasibility Study (PFS). The study demonstrates strong financial returns from the base case Kal East production target, with an initial production target of 381koz @ 2.1g/t Au over a period of 7 years. The study also highlights growth opportunities and the robust operating cash flow of $400.5M at an All-In Sustaining Cost of $1,724/oz.

Executive Commentary on Kal East Gold Project Update

The company's focus on restarting the Paulsens Gold Operation and considering a range of commercialization options for Kal East demonstrates its strategic approach to maximizing returns and leveraging growth opportunities.

Summary of Black Cat Syndicate Limited's Update

Black Cat Syndicate Limited has provided an update on the Kal East Gold Project, including details on the mining sequence, ore reserves, metallurgy and process selection, processing facility, tailings storage facility, non-processing infrastructure, pre-production capital, future development capital, operating costs, financial evaluation, opportunities, and next steps. The company has also included information on the competent persons' statements and forward-looking statements. The update covers various aspects of the project, including resource classifications, mining fleet, ventilation systems, power supply, and environmental and social considerations. The company has outlined its plans for the near-term and future development, as well as the relevant previous ASX announcements for the May 2024 Study.