James Champion de Crespigny:
My name is James Champion de Crespigny.
I’m the Managing Director and Chief Executive Officer of Catalyst Metals.
We’ve just announced a plan of arrangement in Canada for Catalyst to acquire Superior Gold, which owns the Plutonic Gold Mine in northern Western Australia.
It lies contiguous to our property, the Marymia Gold Project.
The rationale for this transaction and what both boards have come together to agree on is that by putting high grade resources on the Catalyst ground with the existing infrastructure
that sits there at the Plutonic Gold Mine, we can create far more gold at much lower
cost in the very near future.
By putting these two belts together, we’re able to achieve something that we think is unique in the Australian gold industry.
Down in Victoria, in south east of Australia, we have 75km immediately north of the lucrative Bendigo gold mines.
They lie right next to the Fosterville Gold Mine, which in 2017 had a wonderful discovery and is owned by Agnico Eagle.
Our land lies immediately contiguous to that and our extraordinary exploration results there are similar to what we see at Fosterville.
Down at Henty, we have an operation that produces gold and has a team and we think gives us a proof of concept that we’re able to run the Plutonic gold mine efficiently and profitably.
If you would like any more information, please check out our website.