Catalyst Metals Releases maiden ore reserve for Henty, Tasmania
- Catalyst Metals (CYL) releases the maiden ore reserve estimate for its Henty gold mine which extends its expected mine life beyond five years
- The company ore reserve sits at 983,000 tonnes at 3.6 grams per tonne gold for 115,000 ounces, developed from the life of mine (LOM) plan
- Catalyst acquired the mine in January 2021 and has since been building the mine’s foundations to become a more stable operation
- Managing Director and CEO James Champion de Crespigny says the reserve is a “key strategic milestone”, which highlights the project’s increasingly strong future
- Shares in Catalyst have ended the day down 0.79 per cent at $1.26 each
