Key points
- Keillor Resource increased by 280% to 307koz
- Underground Indicated Resource increased by 500%
- Mining operations at Keillor commenced in Q2 2026
- Exploration drilling at multiple sites expected to contribute to future production
Full summary
Catalyst Metals Ltd announced a substantial increase in the Mineral Resource Estimate (MRE) for the Keillor deposit, located on the Plutonic Gold Belt in Western Australia. The MRE has grown by 280% to 307koz, from the previously reported 81koz. The increase is primarily due to extensive drilling efforts by Catalyst since acquiring the asset. The underground Indicated Resource alone has increased by 500% to 187koz. Mining operations at Keillor commenced in the June 2026 quarter, with the mine expected to ramp up steadily. Catalyst is also drilling at other high-grade ore sources, including Cinnamon, Trident, and Old Highway, to support its goal of increasing annual gold production to ±200koz. The company aims to extend the life of Keillor beyond its initial three years, with an updated Reserve estimate expected soon.
Guidance
Catalyst expects the ongoing capital requirements for Keillor to be limited to mine development.
Outlook
Catalyst aims to extend the life of Keillor beyond its initial three years, with an updated Reserve estimate expected soon.