Catalyst Metals reports strong profit, expands gold production

Catalyst Metals Limited reported a profit after income tax of A$119,272,000 for the year ended 30 June 2025, a notable increase from A$23,558,000 in fiscal year 2024. This was driven by consistent operational performance at the Plutonic Gold Belt in Western Australia, which produced 86,384 ounces of gold for the year at an All-In Sustaining Cost (AISC) of A$2,317 per ounce. Total gold production for the Group was 108,018 ounces, with sales reaching 107,036 ounces at an average realized price of A$4,238 per ounce.

The company strengthened its balance sheet through a A$150 million placement and a new A$100 million undrawn revolving credit facility, bringing total available liquidity to A$330 million as of 30 June 2025. Strategic asset rationalization included the sale of the Henty Gold Mine in Tasmania to Kaiser Reef Limited and the acquisition of the Old Highway Gold Project, which will become the fifth mine in Catalyst’s "hub and spoke" development strategy at Plutonic.

Exploration efforts have significantly ramped up, with 14 drilling rigs currently active on the Plutonic Belt, aiming to double annual gold production to 200,000 ounces. Key projects like Plutonic East, K2, and Trident are progressing, with Plutonic East achieving first ore in March 2025 and Trident commencing early site works.