Cinnamon underground strike length grows
| Stock | Catalyst Metals Ltd (CYL.ASX) |
|---|---|
| Release Time | 13 May 2026, 8:19 a.m. |
| Price Sensitive | Yes |
Cinnamon underground strike length grows to 700m
- Drilling confirms consistent, wide, high-grade underground zone
- New results increase strike length by 75% to over 700m
- Cinnamon has potential to become a sixth underground ore source
Catalyst Metals Ltd (ASX:CYL) has reported further drill results at the Cinnamon deposit, located on the Plutonic Gold Belt in Western Australia. The latest drilling has extended the strike length of the newly discovered high-grade mineralized zone beneath the existing open pit by 75% to over 700m, with the zone remaining open along strike. The new results include intercepts of 38m at 10.5g/t Au, 17m at 21.5g/t Au, and 19m at 4.1g/t Au, among others. These follow previously announced high-grade intersections at Cinnamon. Catalyst believes Cinnamon has the potential to become a sixth underground ore source to feed the centralized Plutonic processing plant, complementing the five other underground mines currently in development or production. The company's 10-year production plan targets growing gold output at Plutonic from around 100koz per annum to 200koz, with the potential high-grade zone at Cinnamon demonstrating a path to replace exploration targets with Resources and Reserves, further de-risking the growth plans.
Catalyst is targeting growing gold production at the Plutonic Gold Belt from around 100koz per annum to 200koz per annum over the next 10 years, sourced from five underground mines - Plutonic Main, Plutonic East, Trident, K2 and Old Highway.
Continued drilling at Cinnamon will seek to understand the extent of the high-grade zone along strike and test the potential for repeat mineralization at depth, which could further contribute to Catalyst's long-term production plans for the Plutonic Gold Belt.