Kalamazoo Resources Limited (ASX:KZR) is pleased to advise that it has signed a Term Sheet to sell its Snake Well Gold Project in the Murchison region of Western Australia for $7.0 million to Adaman Resources Pty Ltd.
Catalyst Metals Ltd
Catalyst has established a dominant position in one of the best gold provinces in Australia and controls a strike length of almost 80 kilometres along the Whitelaw Gold Belt north of Bendigo in Victoria. The Whitelaw Fault is believed to be an important factor in the formation of the Bendigo goldfield which was the second largest gold producer in Australia with production of 22 million ounces of gold at a grade of 15 g/t Au. Catalyst controls two virgin gold discoveries at Four Eagles and Tandarra where high gold grades up to 100 g/t Au have been discovered at shallow depths of less than 50 metres. A transaction with Gold Exploration Victoria Pty Ltd (a subsidiary of Hancock Prospecting Pty Ltd) will see up to $4.2 million spent on Four Eagles in coming years as well as co-operation with Catalyst on other gold projects in a large designated area.
Catalyst has a tight capital structure, a strong Board and management and is well placed to increase shareholder value by developing and mining shallow gold deposits using the favourable infrastructure of the area. Six existing gold processing plants lie within 100 kilometres of the tenement areas.
Kalamazoo Resources Limited (ASX:KZR), is pleased to advise that it has been granted Exploration Licence EL006679 covering the Wattle Gully Gold Project, near the town of Castlemaine, in Victoria.
In this issue: Asian demand for gold is still determining gold price, while the US$ gold testing 2011 downtrend, and the latest Martin Place Securities (MPS) portfolio and gold sector universe. Read this latest Dawes Points to better understand investing in the resources sector.
In this issue: key stocks are providing outperformance, gold demand remains robust, and we talk about the mixed results in the gold sector. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
Catalyst Metals Ltd (ASX:CYL) is pleased to provide the Company's latest Corporate presentation.
Catalyst Metals Ltd (ASX:CYL) lodged a prospectus with the Australian Securities and Investments Commission on 5 May 2017 for a proposed capital raising of up to $1.5 million through the issue of 3 million ordinary fully paid shares at an issue price of 50 cents per share.
Catalyst Metals Ltd (ASX:CYL) Secures Victorian Government TARGET Co-Funding; Makes Tenement Application on Potential New Gold Belts
Catalyst Metals Ltd (ASX:CYL) has been advised by the Resources Division of Minerals Development Victoria that it has been successful in three applications for co-funding under the TARGET initiative to promote mineral exploration in Victoria.
Catalyst Metals Ltd (ASX:CYL) advises that a prospectus has been lodged with the Australian Securities and Investments Commission for a proposed capital raising of up to $1.5 million through the issue of 3 million ordinary fully paid shares at an issue price of 50 cents per share.
Catalyst Metals Ltd (ASX:CYL) is pleased to provide the Company's Quarterly activities and cash flow report.
Catalyst Metals Limited (ASX:CYL) advises that assays received from the Boyd's Dam and Boyd North Prospects at the Four Eagles Gold Project have shown the highest gold grades received to date. Within a six-metre intersection in FERC152 at Boyd's Dam that assayed 50.4g/t Au, a one-metre interval assayed 247g/t Au.