Catalyst Metals FY26 Production Update
Catalyst Metals (ASX: CYL)
Reported quarterly gold production from the Plutonic Gold Belt of 31,812oz.
Gold production for the FY26 year was 104koz which is in line with the Company’s guidance range of 100,000oz to 110,000oz.
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Plutonic Gold Mine at night – Courtesy of Catalyst Metals
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| Catalyst Metals | ASX : CYL | |
| Stage | Exploration / development | |
| Metals | Copper / Gold | |
| Market cap | A$1.59 Billion @ A$6.09 | |
| Location | Murchison, Victoria, Australia | |
| Website | www.catalystmetals.com.au |
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Catalyst Metals FY26 Production Update
Record quarterly and annual gold production for the Plutonic Gold Belt under
Catalyst ownership
Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report quarterly gold production from the Plutonic Gold Belt of 31,812oz.
Gold production for the FY26 year was 104koz which is in line with the Company’s guidance range of 100,000oz to 110,000oz.
.Highlights
• Quarterly gold production of 31,812oz
• Annual gold production of 104koz, in line with FY26 guidance of 100–110koz
• Highest quarterly and annual gold production at Plutonic since 2013 under Barrick’s
ownership
• Production sourced from four mines across the Plutonic Gold Belt – Plutonic Main,
Plutonic East, Trident open pit and K2
• Cash and bullion at 30 June of A$323m, a A$46m increase since 31 March and A$85m increase in the six months to 30 June 2026 (after exploration, capital and corporate expenditure)
• Catalyst is debt free – undrawn debt facility of A$100m provides liquidity of A$423m
Catalyst’s management commented:
“Delivering +30koz, within our FY26 guidance range, reflects a year of consistent operating performance across the Plutonic Gold Belt.
“Three years’ ago, Plutonic was producing 15koz per quarter. This quarter we achieved ~30koz, – a doubling of production under Catalyst’s ownership and a pleasing milestone for those that have been with us on the journey.
“With the Trident gold deposit’s development progressing well, its expected production contribution of ~15-20koz gold per quarter is looking increasingly likely.”
Production update
Production during the quarter was sourced from four mines across the Plutonic Gold Belt – Plutonic Main, Plutonic East, the Trident open pit and K2 underground.
Ore sourced from Plutonic East and K2 is working well under the hub and spoke model.
K2’s progress from development into ore production occurred during the quarter.
Commercial production from the mine appears to be tracking as forecast with grade
reconciliations, ground conditions and other key operating metrics as expected.
Recoveries may be higher than forecast with further work required to understand this.
Open pit ore sources from Trident are also processing at higher recovery rates.
Should K2’s development continue as expected, it would become the third deposit
developed on time and budget by Catalyst within its three-year ownership of the Plutonic Belt.
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