Mining Review 11th May 2025

Mining Review 11th May 2025

Gold Road Resources agreed to be taken over by Gold Fields, after they received an improved offer.

Catalyst Metals acquired the Old Highway Project from Sandfire Resources, and West Red Lake Gold Mines reported on the first bulk sample gold sales from the Madsen Mine.

 

 

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Conroy Gold

 

 

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City Investors Circle Mining Review 11th May 2025

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It was a strong week for gold, up around 3%, and virtually all the metals ended the week on a positive note.

The gold indexes also recorded strong gains across the boards, with the GOEX Gold Explorers Index up 11%, and the SIL Silver ETF up 11%.

 

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Gold Road Resources agreed to be taken over by Gold Fields, after they received an improved offer.

Catalyst Metals acquired the Old Highway Project from Sandfire Resources, and West Red Lake Gold Mines reported on the first bulk sample gold sales from the Madsen Mine.

News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.

Archives

  West Red Lake Gold Mines Reported on Bulk Sample Gold Sales

  Catalyst Metals acquires Old Highway gold deposit

  Catalyst Metals Limited – Trading Halt

  Gold Road Agreed to Gold Fields’ Takeover

  Challenger Gold – Initiating Coverage

  Gold Road Shares Halted Pending Takeover Announcement

  Mining Review 4th May 2025

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Market Data

Weekly Price Changes

(US$ unless stated).

 

Metal Prices Price    Weekly % change
Gold price in UK £ 2510.49 3.23%
Gold in AUD$ 5184 3.33%
Gold in US$ 3325 2.94%
Silver 32.69 2.38%
Palladium 978.5 5.33%
Platinum 973.3 1.49%
Rhodium 5375 2.38%
Copper 4.62 -0.43%
Nickel 6.97 0.72%
Zinc 1.16 -0.85%
Tin 14.08 -0.98%
Cobalt 15.29 0.00%
Lithium 8760 -3.05%
Uranium 70.05 1.67%
Iron Ore 98.2 -1.06%
Coking Coal 187.5 0.27%
Thermal coal 105 3.45%
Metal ETFs                                                    Price   Weekly % change
GLD 306.84 3.04%
GDX 50.37 7.35%
GDXJ 64.33 9.95%
Sil 42.57 10.11%
SILJ 12.73 9.74%
GOEX  (PCX) 43.91 11.08%
URA 27.16 5.03%
COPX  39.16 0.90%
HUI  400.12 7.00%

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.




Catalyst Metals acquires Old Highway gold deposit

Catalyst Metals (ASX:CYL)

Announced that it has signed binding documentation to acquire the Old Highway Gold Deposit from Sandfire Resources for A$32.5m.

Old Highway represents an attractive development opportunity for Catalyst. It sits on granted mining leases, and is in close proximity (40km) to the Plutonic mill.

 

 

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Catalyst Metals

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$1.43 Billion   @ A6.32
Location Murchison, Western Australia
Website www.catalystmetals.com.au

 

 

 

.Catalyst Metals acquires Old Highway gold deposit

 

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Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to announce that it has signed binding documentation to acquire the Old Highway Gold Deposit (Old Highway) from Sandfire Resources Limited (Sandfire) for A$32.5m.

Old Highway represents an attractive development opportunity for Catalyst. It sits on granted mining leases, and is in close proximity (40km) to the Plutonic mill.

The development has a low capital profile and the level of studies and drilling to date will reduce Catalyst’s timeframe to development.

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Highlights

Development ready gold project 40km from Plutonic with 35koz pa gold
production
• Catalyst has signed binding documentation to acquire the Old Highway Gold Project
from Sandfire Resources for A$32.5m
• Old Highway is a near-term gold development project lying within mining leases, 40km
southwest of Plutonic‘s processing plant – its close proximity to Plutonic allows Catalyst
to considerably lower the project’s development costs
• Initial estimates by Catalyst are a A$280m NPV with an AISC of A$1,588/oz (at
A$5,000/oz), from an initial 4 year mine plan via the Plutonic processing plant
• The project has a Resource of 206,000oz at 3.0 g/t gold, which includes a higher-grade underground component of 140koz at 4.6 g/t gold

. Catalyst believes it represents another low capital intensity, satellite project with relatively low operating risk
• Planned development of the underground deposit has the following key metrics:
A$4,000/oz Spot (A$5,000/oz)
AISC (life of mine) A$/oz 1,558 1,588
Life of mine (LOM) yrs 4 4
Payback period (once UG commences) mths 7 –
Steady state production koz pa 35 35
Average annual free cash flow A$m 52 74
• In addition, Catalyst believes Old Highway brings interesting exploration upside 
• The acquisition represents the first expansion of Catalyst in Western Australia beyond
the Plutonic Belt
The acquisition will be funded through existing cash reserves and Henty sale proceeds.

Catalyst Metals’ flagship asset is the 40km long Plutonic Gold Belt in Central Western Australia. This belt hosts the Plutonic Gold Mine which currently produces ~85koz pa at an AISC of ~A$2,400/oz.

Over the next 12 to 18 months, Catalyst plans to develop three new pr ojects on the belt. These projects have a low capital intensity – A$31m in total. Each will be processed through the existing, currently underutilised and centrally located, processing plant.

 

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Catalyst’s Managing Director and CEO, James Champion de Crespigny, said:

“Old Highway is another satellite ore source for Plutonic’s processing plant. The acquisition also comes ith some interesting exploration which could extend its mine life.

 

“The Plutonic processing plant is underutilised. What it needs is more ore sources. As such, Catalyst has been investing a lot of money into exploration along the Plutonic Belt to expand the known deposits.

 

“It has also been starting up several undeveloped satellite gold projects lying on the belt. In purchasing Old Highway, it becomes another satellite gold project to Plutonic.
Catalyst consolidated the Plutonic Belt bringing together many new ore sources.

 

“The purchase of Old Highway brings another new ore source into the portfolio. Collectively, these ore sources, all of which are on mining leases, give Catalyst the opportunity to fill the processing plant in the near term.“

 

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To read the full news release please click HERE

The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals. 

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To read our full terms and conditions, please click HERE

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Catalyst Metals Limited – Trading Halt

Catalyst Metals (ASX: CYL)

The securities of Catalyst Metals Limited (‘CYL’) will be placed in trading halt at the request of CYL, pending it releasing an announcement.

 

 

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Catalyst Metals

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$1.37 Billion   @ A$5.83
Location Murchison, Western Australia
Website www.catalystmetals.com.au

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Catalyst Metals Limited (ASX: CYL) – Trading Halt

Description

The securities of Catalyst Metals Limited (‘CYL’) will be placed in trading halt at the request of CYL, pending it releasing an announcement.

 

Unless ASX decides otherwise, the securities will remain in trading halt until the
earlier of the commencement of normal trading on Friday, 9 May 2025 or when the announcement is released to the market.

 

Issued by
ASX Compliance

 

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To read the full news release please click HERE

The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

.




Mining Review 30th March 2025

Mining Review 30th March 2025

The story of the week was the bid for Gold Road Resources by it’s mining partner at the Gruyere Gold Mine, Gold Fields.

Gold Road responded by calling the bid “opportunistic”, and making an alternative bid to buy out Gold Fields from their half of the Gruyere mine.

Catalyst Metals sold a mine and announced some good drill results.

 

 

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Mining Review Conroy Gold

Drill core from Conroy Gold exhibited at the 2025 PDAC

 

 

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City Investors Circle Mining Review 30th March 2025

The story of the week was the bid for Gold Road Resources by it’s mining partner at the Gruyere Gold Mine, Gold Fields.

Gold Road responded by calling the bid “opportunistic”, and making an alternative bid to buy out Gold Fields from their half of the Gruyere mine.

Catalyst Metals sold a mine and announced some good drill results.

 

News from our watchlist companies last week is listed below, click on the link to be taken to the full story.

Archives

image_pdfimage_print

  Barton Gold Reported 17,600g/t Silver Intersected at Tarcoola’s Tolmer Prospect

  Gold Road Resources Announced Gruyere Underground Drill Results

  West Red Lake Gold Mines Madsen Mill Restarted

  Catalyst Metal’s Trident Drilling Extended Mineralisation Footprint

  Gold Road Resources Rejected Gold Field’s Offer

  Catalyst Metals Suspended In Relation to “Material Assay Results”

  Catalyst Metals Sells Its Henty Gold Mine to Kaiser Reef

  Mining Review 23rd March 2025

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Other news from our watchlist companies last week are listed below, click on the link to be taken to the full story.

Pacgold released a podcast update for their Alice River Gold exploration project

Gold Road explained their rejection of Gold Fields’ bid

 

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

Metal Prices Price Weekly % change
Gold price in UK £ 2391 1.92%
Gold 3086 2.05%
Silver 34.21 3.35%
Palladium 969 2.27%
Platinum 983 0.72%
Rhodium 5775 0.43%
Copper 5.13 0.98%
Nickel 7.44 10.55%
Zinc 1.3 -2.26%
Tin 15.7 -1.69%
Cobalt 16.14 -0.62%
Manganese 4 0.00%
Lithium 9912 0.50%
Uranium 64.3 -1.53%
Iron Ore 103.3 3.30%
Coking Coal 174.3 0.17%
Thermal coal 100 0.00%
Metal ETFs Price  Weekly % change
GLD 284.06 2.00%
GDX 45.57 2.40%
GDXJ 56.85 2.38%
Sil 39.49 -0.05%
SILJ 12.22 -1.37%
GOEX  (PCX) 37.92 3.13%
URA 23.1 -7.60%
COPX  40.01 -4.14%
HUI  359.27 2.74%
Gold / Silver ratio 90.21 0.65%

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Click HERE for live Spot Metal Prices 

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Catalyst Metals Suspended In Relation to “Material Assay Results”

Catalyst Metals Limited (ASX: CYL)

Suspension from Quotation

The securities of Catalyst Metals Limited (‘CYL’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYL.

 

 

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Catalyst Metals

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$1 Billion   @ A$4.63
Location Murchison, Western Australia
Website https://catalystmetals.com.au

 

 

Comment

This looks like a really interesting and positive announcement is coming.

Pending the release of an announcement in relation to material assay results from a diamond drilling programme suggests to me this announcement is going to be worth waiting for.

The presumed delay to the announcement is to allow the company to recalculate their resources.

The stock is suspended until the 26th March, I’ll be waiting up for the market open to read it!

 

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Catalyst Metals Limited (ASX: CYL) – Suspension from Quotation

 

Description

The securities of Catalyst Metals Limited (‘CYL’) will be suspended from quotation immediately under Listing Rule 17.2, at the request of CYL, pending the release of an announcement in relation to material assay results from a diamond drilling programme at the Trident project.

Issued by

ASX Compliance

 

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To read the full news release please click HERE

The live Spot gold price can be found HERE

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=======

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

.




Catalyst Metals Sells Its Henty Gold Mine to Kaiser Reef

Catalyst Metals (ASX: CYL)

Has agreed to sell its Henty Gold Mine In Tasmania to Kaiser Reef (ASX:KAU). This streamlines its asset portfolio to focus on core projects.

Catalyst has retained exposure to Henty’s upside while backing a new management team which will have greater focus on operational execution.

 

 

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Catalyst Metals

Henty Gold Mine – Tasmania

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$1 Billion   @ A$4.63
Location Murchison, Western Australia
Website https://catalystmetals.com.au

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Catalyst Metals Has Agreed To Sell Its Henty Gold Mine In Tasmania

 

 

Catalyst Metals (ASX: CYL) has agreed to sell its Henty Gold Mine In Tasmania to Kaiser Reef (ASX:KAU). This streamlines its asset portfolio to focus on core projects.

Catalyst has retained exposure to Henty’s upside while backing a new management team which will have greater focus on operational execution.

• Catalyst has agreed to sell the Henty gold mine in Tasmania to Kaiser Reef
• The transaction has various value components that in totality appeal to Catalyst
• In exchange for Henty, Catalyst will receive:
o A$15m upfront cash consideration
o A$4m to be reimbursement from environmental bonding payments
o A$14m in deferred gold consideration (3,000oz of future gold production)
o A$14m via an ongoing equity interest (19.99% of the enlarged Kaiser)
o 0.5% NSR royalty on gold produced from the Darwin Extension Target Zone
o An option to acquire 50% interest in a Victorian processing plant situated 100km
from Catalyst’s 26 g/t gold Resource2 at the Four Eagles gold project
• The reasoning behind the transaction for Catalyst is threefold:
o It frees up management’s time to focus on Plutonic and Western Australia
o It backs a new management team at Henty who should be better able to dedicate
the time required to realise Henty’s upside
o Secures a processing solution, and a future, for Catalyst’s Four Eagles gold project in
Victoria in order to create value for our shareholders in an asset that was not being
valued by the broader market
• There are a number of challenges to operating in Victoria. By entering into this option
agreement, Catalyst has, for no cost, solved one of these key hurdles

Recent highlights

  • The company achieved a significant milestone by processing the first ore from its Plutonic East underground mine, marking a pivotal step in its expansion strategy.
  • Reflecting its growth and market presence, Catalyst Metals has been added to the S&P/ASX 300 Index, enhancing its visibility among investors.
  • The company has successfully repaid all inherited debts, strengthening its financial position and enabling greater investment in growth initiatives.
  • Catalyst has initiated an extensive exploration program in the Plutonic Gold Belt, aiming to double its gold production to 200,000 ounces annually over the next three years.

 

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Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:

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“Catalyst believes focus is important. 18-months ago, Catalyst committed itself to Western Australia by consolidating the Plutonic Gold Belt. Henty’s operating nature means the timebrequired for it to realise value and upside of Henty was costly.

“This transaction allows Catalyst to focus on Western Australia while still sharing in the upside that can come from a new, more focused, operating team.

 

“The value proposition for Catalyst is compelling due to a novel transaction structure.

“Consideration is in two parts – more easily quantifiable cash and trailing payments and the harder to quantify equity in Kaiser and option over a Victorian mill.

“The equity interest is attractive in this gold price environment while the option to solve a processing problem in Victoria has, we think, considerable value to our shareholders on an asset that is not being valued by the broader market.”

 

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About Catalyst Metals Limited

An Australian gold exploration and production.

The company has established a dominant presence in several prolific gold belts across Australia, focusing on the exploration, development, and operation of gold projects.

Catalyst’s key assets include the Plutonic Gold Mine in Western Australia, and significant exploration projects in Victoria’s Bendigo Goldfields.

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To read the full news release please click HERE

The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

.




Mining Review 23rd March 2025

Mining Review 23rd March 2025

The high price of gold  came through in some glittering results from Galiano Gold and Wesdome last week. This augurs well for the current quarter as the gold price is significantly higher now.

Gold Road Resources once again reported mechanical problems at Gruyere, which is becoming an annual event, and lowered guidance.

 

 

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Gold Road

Gold Road Resources Gilmour Mine in WA

 

Archives

City Investors Circle Mining Review 23rd March 2025

image_pdfimage_print
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The high price of gold  came through in some glittering results from Galiano Gold and Wesdome last week. This augurs well for the current quarter as the gold price is significantly higher now.

Gold Road Resources once again reported mechanical problems at Gruyere, which is becoming an annual event, and lowered guidance.

Wesdome Gold Reported Record Production in FY 2024

Capricorn Buys Out Its Hedge Book

 Calibre Mining’s  Buyout by Equinox Gold is Opposed by Van Eck

  Galiano Gold Reported Q4 And FY 2024 Results

  Awalé Resources Hit 2.0 g/t Gold Eq. over 52 metres at BBM

  Gold Road Reduced Guidance for the March Quarter

  Catalyst Metals Announced the  First Stoping Ore From Plutonic East

  Mining Review 16th March 2025

 

Other news from our watchlist companies last week are listed below, click on the link to be taken to the full story.

Cartier Resources announced a flow through and hard dollar financing.

Heliostar Metals Announced a C$17 million bought Deal financing.

Barton Gold presentation to the SMI Conference

Caprice Resources 1 minute video update

 

 

 

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Market Data

Weekly Price Changes

(US$ unless stated)

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Metal Prices Price Weekly % change
Gold price in UK £ £2,346 1.25%
Gold $3024 1.20%
Silver 33.1 -2.16%
Palladium 947.5 -1.10%
Platinum 976 -3.37%
Rhodium 5750 9.52%
Copper 5.08 8.09%
Nickel 6.73 -10.15%
Zinc 1.33 -1.48%
Tin 15.97 -0.19%
Cobalt 16.24 34.21%
Manganese 4 0.00%
Lithium 9863 -1.46%
Uranium 65.3 3.16%
Iron Ore 100 -2.15%
Coking Coal 174 -1.69%
Thermal coal 100 -6.45%
Metal ETFs Price Weekly % change
GLD 278.49 1.18%
GDX 44.5 1.97%
GDXJ 55.53 0.98%
Sil 39.51 -0.28%
SILJ 12.39 0.90%
GOEX  (PCX) 36.77 1.41%
URA 25 4.60%
COPX  41.74 1.02%
HUI  352.14 2.74%

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Click HERE for live Spot Metal Prices 

 

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.=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

To read our full terms and conditions, please click HERE




Catalyst Announces First Stoping Ore From Plutonic East

Catalyst Metals (ASX: CYL)

Announced first stoping ore at Plutonic East.

Plutonic East is the first of three mines to be developed by Catalyst in its plan to double production across the Plutonic Gold Belt for A$31m over the coming 12-18 months.

 

 

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Catalyst Metals

 

 

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Catalyst Metals ASX : AUT
Stage Exploration / development
Metals Copper / Gold
Market cap A$1 Billion   @ A$4.63
Location Murchison, Western Australia
Website https://catalystmetals.com.au

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Catalyst Metals – First stoping ore from Plutonic East

 

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Catalyst continually striving to lower operating risk of Plutonic Belt operations

 

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Catalyst Metals Limited (ASX:CYL) (Catalyst or the Company) is pleased to announce first stoping ore at Plutonic East.

Plutonic East is the first of three mines to be developed by Catalyst in its plan to double production across the Plutonic Gold Belt for A$31m over the coming 12-18 months
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First stoping ore at Plutonic has been achieved on-time and budget, having been funded through operating cashflows.

The smaller development costs and shorter lead time for Plutonic East’s development reflects the established infrastructure and sunk capital across the Plutonic Gold Belt.

• Plutonic East is a pre-existing underground mine situated 2km from the Plutonic processing plant
• Catalyst began redevelopment activities in April 2024; Catalyst is today pleased to announce first stoping ore
• Plutonic East ore will be processed via the currently underutilised Plutonic processing plant

 

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The reasoning behind re-opening Plutonic East was two-fold:
o Firstly, Plutonic’s main ore source is the Plutonic underground mine; at present it is predominantly a remnant mine and by opening up Plutonic East, our operational team will have more ore sources, more mining fronts and therefore lower operating risk; and
o Secondly, the Plutonic Gold Belt has several new mines it plans to open; as a newly formed team, Plutonic East presents a lower risk development proposition and therefore attractive training ground for these other mines 
• Bringing Plutonic East online is Catalyst’s first step in demonstrating its ability to develop the Plutonic Gold Belt

 

Catalyst acquired the Plutonic Gold Belt 20 months ago. In that time, it has turned Plutonic from loss making to profitable, cleaned up its balance sheet, settled a myriad of inherited legal disputes, is executing on a belt wide 320,000 metre exploration program and has now brought its first of three new mines into operation,

Catalyst will now begin turning its attention to the development of the two next development opportunities on the Plutonic Gold Belt – K2 and Trident

 

 

Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:

“Catalyst’s focus has always been about the long-term value of the Plutonic Gold Belt, not just the Plutonic main underground mine.

 

“Plutonic East coming online is the first step in realising the value of the belt.

 

“It gives more ore sources and more options to our team and lowers the operating risk profile of the business”

 

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To read the full news release please click HERE

The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Catalyst Metals. 

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To read our full terms and conditions, please click HERE

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Mining Review for January 2025 Published

Mining Review January 2025

City Investors Circle Mining Review for January 2025 has been published.

The highlighted company is Catalyst Metals.

Companies reporting good news included Calibre Mining, Orla Mining, Gold Road Resources and Ora Banda mIning.

 

 

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Meeka Metals

 

 

City Investors Circle Mining Review January 2025

 

 

 

City Investors Circle Mining Review for January 2025 has been published.

 

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The highlighted company is Catalyst Metals.

Companies reporting good news included Calibre Mining, Orla Mining, Gold Road Resources and Ora Banda mIning.

The review also lists the most significant news from our watchlist companies during January.

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To read the January 2025 Mining Review, please click HERE

 

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The review highlights the increasing price of Antimony due to Chinese and Russian domination of the market.

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Links to all our news reports from January 2025 are below, click the link to be taken to the full story.

  Awalé Hits 2.5 g/t Gold Eq. over 34m at the BBM Zone

  Calibre Pours its One-Millionth Ounce of Gold in Nicaragua

  West Red Lake Gold Has New Targets from Surface Sampling

  Gold Road Announces Strong Outlook and Guidance for Gruyere in 2025

  G Mining Ventures Outlines Outlook for 2025

  Ora Banda Mining December Activities Report

  Mining Review 26th January 2025

  Wesdome Gold Provides Eagle River Exploration Update

  Capricorn Announce the Acquisition of Deadman Flat Project

  Westgold Production lifts again in Q2, FY25

  Calidus Resources Delisted From the ASX

  West Red Lake Gold Intersects 45.70 g/t Au over 3.85m

  Lefroy and BML Ventures to Advance the Lucky Strike Gold Deposit

  Gold Road Announce Positive Gilmour PFS

  Mining Review 19th January 2025

  American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts

  Orla Mining Achieves Record Annual Gold Production

  Meeka Metals Announce High-Grade Gold at Turnberry

  Meeka Metals – Initiating Coverage

  Orla’s Proxy Advises Shareholders to Vote for the Musselwhite Acquisition

   Westgold Group Production Lifts in Q2 FY25

  Mining Review 12th January 2025

  Calibre Delivers Record Q4 Gold Production of 76,269 Ounces

  Faraday Copper Intersects 40.06 m at 0.78% Copper

  West Red Lake Gold Announces Positive Pre-Feasibility Study for Madsen

  G Mining Ventures Receives Vital Permit for Oko West

  G2 Goldfields Announces Filing of Reports for Proposed Spin-Out

  Gold Road Announces Record Production in December

  Mining Review 5th January 2025

  Perpetua Receives the Final Permit for Stribnite

  American Creek Resources Announces Amendment to Plan of Arrangement

  Market Review for December 2024 published

 

Live metal prices can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

To read our full terms and conditions, please click HERE