Annual Mineral Resource and Ore Reserve Statement
Black Cat Syndicate Ltd
Key points
- Group Mineral Resources at 2.31Moz Au
- Group Ore Reserves at 272koz Au
- Updated geological models provide higher confidence for future mine plans
Full summary
Black Cat Syndicate Ltd has released its annual Mineral Resource and Ore Reserve update as of 30 June 2026. The Group Mineral Resources have decreased by 7% to 2.31Moz Au, while Ore Reserves have decreased by 18% to 272koz Au. This reduction is primarily due to mining depletion and updated geological models, which have provided a higher confidence basis for future mine plans. Despite the decreases, the company retains a substantial resource base and has significant potential for growth. The updated estimates incorporate depletion from operations at Paulsens and Kal East, reflecting Black Cat's transition from developer to producer.
Guidance
Mineral Resources decreased by 7% to 2.31Moz Au, Ore Reserves decreased by 18% to 272koz Au
Outlook
The company plans to focus on extending and upgrading resources and further mine plans in FY27.