Key points
- $30-35M allocated for FY27 exploration focusing on resource growth and conversion drilling
- Paulsens to receive $13-15M for near-mine and regional exploration activities
- Kal East to receive $13-15M for resource development and exploration to support mining operations
- Coyote to receive $4-5M for near mine drilling
- Regulatory approval secured to increase Kal East processing capacity to 1.5Mtpa
Full summary
Black Cat Syndicate Ltd is focusing on a renewed and disciplined exploration and growth strategy for FY27, allocating $30-35M. The strategy emphasizes resource growth and conversion drilling at Paulsens and Kal East, aiming to extend the life of the mines. At Paulsens, $13-15M will be spent on near-mine and regional exploration activities, including testing multiple near-mine targets and extending the Belvedere Resource. Kal East will also receive $13-15M for resource development, near-mine, and regional exploration activities, with a focus on resource extension and conversion to support mining operations. Regulatory approval has been secured to increase Kal East's processing capacity to 1.5Mtpa, supporting higher throughput and future growth. Coyote will receive $4-5M for near-mine drilling, with a focus on infill drilling and extensions to the Axial Core Zone. Drilling programs are underway at Belvedere, Coyote, and Paulsens, with results pending.
Outlook
Black Cat Syndicate Ltd expects its FY27 exploration and growth strategy to significantly contribute to extending the life of its mines and enhancing resource base.