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2026-11-06
◂ Monitor CYL ASX

Catalyst Metals Limited

Producer · Gold · AU Rating locked: sign in to view v8.1 · cyl-20261031t172755-full
Last 2026-11-06
A$4.08
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$1.1B
EV
A$731.7M
Cash
A$371M
Debt
A$24.2M
1 newer ASX announcement not yet reflected in this valuation

Portfolio detail

Assets

3 assets

Core asset

Plutonic Gold Belt

AU

Producer100% ownedGold

Producing from Plutonic Main, Plutonic East and Keillor; Trident underground in development (decline about 100 m behind plan), Old Highway and Cinnamon in approvals; central 2 Mtpa CIL plant being refurbished.

Producer · Producer
Production annualised (attributable)
88.9k ozd
Production (last FY, 100%)
103.8k oz
AISC (latest quarter)
A$3,512/oz
AISC margin at spot
40.0%m
Delivery vs guidance
98.8%d
Reserve life
19.0 yrsd
Head grade
2.08 g/t
Resources & reserves4
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal (Indicated and Inferred)48.8 Mt3.2 g/t Au, 4,953 kozGold2026-09-23
Mineral ResourceIndicated38.1 Mt3.2 g/t Au, 3,979 kozGold2026-09-23
Mineral ResourceInferred10.7 Mt2.8 g/t Au, 974 kozGold2026-09-23
Ore ReserveProbable23.4 Mt2.6 g/t Au, 1,971 kozGold2026-09-23
Milestones3
  1. Trident first underground stoping ore (CY2027)

    At Risk · High materiality

  2. Old Highway mining start (CY2027)

    Pending · Medium materiality

  3. Cinnamon permit submissions

    Pending · Medium materiality

Permits & approvals3
PermitJurisdictionStatusExpiryCritical path
Old Highway native vegetation clearing permitWestern AustraliaPending—Yes
Great Northern Highway intersection approval (Main Roads)Western AustraliaPending—Yes
Tailings cells 4/5 approvalWestern AustraliaGranted—No
Economic studies1
StudyStageStatusDateSummary
Plutonic 10-year vision (September 2025 general guidance)Operating PlanSuperseded2025-09-10About 200 koz pa for about 10 years from six ore sources at A$2,200-2,650/oz AISC; re-organised in October 2026 with Trident and Old Highway production deferred from FY27 to FY28.

Material

Four Eagles gold project (Bendigo Belt)

AU

Resource Stage50% ownedGold

163 koz at 7.7 g/t resource (including Iris Zone 70 koz at 26 g/t); exploration tunnel work plan approved in October 2025; 50% option over the Maldon plant exercisable from May 2030.

Resource / scoping · Resource stage
Contained metal (attributable)
81.5k ozd
Resource grade
7.70 g/t
% Measured + Indicated
44.8%d
Resource tonnes
0.66 Mtd
Our value per attrib. contained unit
Locked
Mining method
—
Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal (Indicated and Inferred)0.7 Mt7.7 g/t Au, 163 koz (100% basis; CYL 50%)Gold2026-09-23
Milestones1
  1. Drilling programmes planned for FY27

    Pending · Low materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Boyd's Dam exploration tunnel work planVictoriaGranted—No

Other

Bryah Basin tenements

AU

Early ExplorerGold

About 1,100 sq km acquired or agreed from Star Minerals and Albright Metals, taking holdings to over 2,280 sq km; ownership varies by package (JV interest 80% per annual report).

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)

Stock database

Other assets

Plants, holdings and assets valued inside a project
Kaiser Reef Limited shareholding · Equity investment · Held
Investee
Kaiser Reef Limited (ASX: KAU)
Holding
19.6%
Shares held
118.60m
Market value
A$17.8mm
% of holder's market cap
1.7%m
Cost basis
A$19.6m