Black Cat Syndicate Completes Processing of First Batch of Ore Through Western Australia Mill; Shares Up 4%
MT Newswires Live
Feb 26
Black Cat Syndicate (ASX:BC8) completed the processing of the first 10,000-tonne parcel of ore from the Fingals and Majestic mines through the Lakewood Mill, part of the Kal East Gold Operation in Western Australia, according to a Thursday filing with the Australian bourse.
The development of the Fingals open pit and Majestic underground mines is underway, with operations ramping up production, the filing said.
The board has also approved an expansion of Lakewood to 1.5 million tonnes per year for a capital cost of AU$20 million, with first ore scheduled through the expanded mill for March 2027 quarter, per the filing.
Shares rose nearly 4% in midday trade Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.