Catalyst Metals' Debt Repayment and Improved Financial Position

Catalyst Metals Limited (ASX: $CYL) has successfully repaid a significant portion of its debt over the past 12 months, including the A$28m inherited through the Plutonic Gold Belt consolidation. As a result, the company now only has 2,590oz of debt remaining in the form of a gold loan. With available cash and liquidity of A$22m and A$30m respectively, Catalyst has significantly improved its financial position.

Executive Commentary on Debt Repayment and Financial Position

After only 12 months, Catalyst has repaid a large amount of debt - A$28m. It has also increased cash reserves with it now having A$30m of available liquidity. This considerable improved cash and debt position allows Catalyst to fund the exploration and development of the Plutonic Gold Belt. Plutonic East and Trident are nearby development projects. Recent work on both these projects appears to be lowering the capital startup costs of their development. The lowering of these start-up costs, along with the considerable improvement in Catalyst's balance sheet, place the company in a far stronger and more balanced position.

Summary of Catalyst Metals' Debt Repayment and Future Outlook

Catalyst Metals (ASX: $CYL) has successfully eliminated the convertible note debt and significantly improved its financial position by repaying A$28m of debt over the past 12 months. With only 2,590oz of debt remaining, representing less than 2.5% of the company's annual production, Catalyst is in a strong position to continue its operations. The company's available cash and liquidity of A$22m and A$30m respectively provide a solid foundation for funding the exploration and development of the Plutonic Gold Belt, including the nearby development projects of Plutonic East and Trident. The improved balance sheet and increased cash reserves position Catalyst for a stronger and more balanced future.