Catalyst Metals (ASX: CYL)
Reported drilling results from the Old Highway gold deposit, located 40km south of the Plutonic Belt.
Old Highway is an undeveloped gold project located 40km south-west of Plutonic’s
processing plant, and has a Resource of 206koz at 3.0g/t Au and a Reserve of 140koz at 3.2 g/t, which sits within 1.5km of a broader 4km mineralised trend.
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| Catalyst Metals | ASX : CYL | |
| Stage | Exploration / development | |
| Metals | Copper / Gold | |
| Market cap | A$1.48 Billion @ A$5.69 | |
| Location | Murchison, Victoria, Australia | |
| Website | www.catalystmetals.com.au |
Catalyst Resources’ Drilling at Old Highway’s Resource extension targets confirms potential for growth
Catalyst Metals (ASX: CYL) reported drilling results from the Old Highway gold deposit, located 40km south of the Plutonic Belt.
Old Highway is an undeveloped gold project located 40km south-west of Plutonic’s
processing plant, and has a Resource of 206koz at 3.0g/t Au and a Reserve of 140koz at 3.2 g/t, which sits within 1.5km of a broader 4km mineralised trend.
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• Old Highway is an undeveloped gold project located 40km south-west of Plutonic’s
processing plant, along the Great Northern Highway
• It has a Resource of 206koz at 3.0g/t Au and a Reserve of 140koz at 3.2 g/t, which sits
within 1.5km of a broader 4km mineralised trend
Drilling demonstrates potential for Resource growth in areas adjacent to existing mine plan.
Highlights
• Old Highway is an undeveloped gold project located 40km south-west of Plutonic’s
processing plant, along the Great Northern Highway
• It has a Resource of 206koz at 3.0g/t Au and a Reserve of 140koz at 3.2 g/t, which sits
within 1.5km of a broader 4km mineralised trend
• Drilling is focused on growing the mine life beyond its current four years
• The latest program targeted down-dip and up-dip extensions outside of the Resource
envelope. Results are as follows:
o 6m @ 4.1g/t Au o 12m @ 3.7g/t Au o 6m @ 4.1g/t Au
o 5m @ 4.7g/t Au o 5m @ 3.7g/t Au o 2m @ 9.1g/t Au
o 2m at 17.4g/t Au o 5m @ 2.4g/t Au o 10m @ 1.6g/t Au
• Some of these latest drill results lie between previous, deeper, down dip drill results
announced in February 2026. Further drill programs will continue to target down dip
extensions of Reserves and Resources
• The deeper down dip February 2026 results announced were3
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o 26m at 5.9g/t Au o 8m at 10.5g/t Au o 14m at 3.0g/t Au
o 21m at 3.2g/t Au o 5.6m at 1.9g/t Au o 10m at 5.3g/t Au
• Old Highway will be the fifth deposit to be developed by Catalyst in its plan to grow gold production from ±100koz pa to ±200koz pa
• The development plan will mirror Catalyst’s Trident development – a small, self-funded
open pit followed by a longer life, high-grade underground mine
• Catalyst is currently progressing approvals for Old Highway’s development. These
continue in line with its expected timeline.
Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:
“These results demonstrate Old Highway is heading in the direction we have been hoping.
“Further drilling is underway and if successful, is very exciting for the Company.
“With exploration success at Trident in 2025, and now Cinnamon and Old Highway in 2026, the exploration team is beginning to gather considerable momentum on what we think remains a wonderfully attractive gold belt that has demonstrated an ability in the past to continue delivering good gold deposits.”
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