Catalyst Metals announcement on Plutonic East development

Catalyst Metals Limited (ASX: $CYL) has announced the progress of dewatering at the Plutonic East Deposit, which is advancing faster than anticipated. The company is focusing on the organic growth strategy of developing existing resources across the Belt, with lower capital costs and an improving balance sheet.

Executive Commentary on Plutonic East development

The Catalyst operating team has done an exceptional job in stabilising operations and lifting production at Plutonic. This has led to a strengthening of Catalyst's balance sheet. Our focus now turns to the organic growth strategy of developing the existing resources across the Belt. As Catalyst better understands the belt, we're seeing the capital costs for developments fall. These lower capital costs, and our improving balance sheet, are encouraging signs.

Summary of Catalyst Metals' Plutonic East development

Catalyst Metals Limited (ASX: $CYL) has made significant progress in the development of the Plutonic East Deposit, with dewatering progressing faster than anticipated. The company's focus on the organic growth strategy of developing existing resources across the Belt, along with lower capital costs and an improving balance sheet, positions Catalyst well for the future. With ongoing study work at Plutonic East and Trident projects, the company aims to reduce development costs and further strengthen its balance sheet, indicating encouraging signs for its development pipeline.