Black Cat Syndicate Limited (ASX:BC8) Announces First Gold at Lakewood
First Gold Pour
Black Cat Syndicate Limited has successfully poured its first gold at the newly acquired Lakewood processing facility. Since acquiring the 1.2Mtpa Lakewood site on 31 March 2025, the company has hauled approximately 60kt of Myhree Ore and achieved a throughput of up to 1.2Mtpa. The first gold was poured on 16 April 2025, resulting in the production of 757oz of gold.
Operational Achievements
In the first two weeks of operation, unreconciled production totals reached 42kt at 2.10g/t Au with over 95% recovery, producing 2,740oz of gold. Crushed stocks are steadily building with more than 10kt on the ROM.
Executive Comments
Managing Director Gareth Solly stated, “The commencement of processing through Lakewood has started well with throughputs, grade and recoveries all above expectation. First gold at Lakewood is yet another successful milestone in the accelerated Kal East plan. With an active drilling program now underway, Black Cat enters an exciting period of gold production with substantial exploration potential. Black Cat is now transforming into a significant WA gold producer – producing more gold, sooner.”
Planned Activities
Planned activities over the coming months include ongoing underground drilling at Paulsens, mining optimisations at Kal East, surface drilling from April to July 2025, mining at Myhree/Boundary open pits until October 2025, a general meeting on 6 May 2025, seismic target drilling, Mt Clement antimony drilling, and regional exploration from June to September 2025.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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