Black Cat Syndicate is set to accelerate and extend mining at its Paulsens gold mine in Western Australia.
Underground operations at the site are continuing to progress and jumbo ground support is ongoing, with additional locations available for development and sampling.
“Based on the success of the high-grade stockpile strategy, available capacity in the processing facility and the rising gold price, planning has commenced to accelerate and extend gold production,” Black Cat managing director Gareth Solly said.
“These plans include extending the high-grade selective mining strategy for the life of the mine plan and advancing the Belvedere underground to mine readiness. On the debt front, due diligence has been satisfactorily completed and the legal documentation is being finalised.”
Planning has started to advance mining at the Belvedere deposit, located 6km from the processing facility.
Based on the success of the high-grade stockpile strategy, scheduled throughput of the processing facility and the rising gold price, planning has commenced to accelerate and extend gold production.
Development drives are continuing further than expected and more stopes are being exposed exposed, leading additional miners to commence in October, immediately accelerating the high-grade stockpile build ahead of commissioning in December 2024.