Name of the Project
Coyote gold operation.

Location
Australia.

Project Owner/s
Black Cat Syndicate.

Project Description
A scoping study has detailed the potential development of an initial openpit and underground mining operation at the Coyote gold operation.

The study envisages a 200 000 oz mine grading at 3.6 g/t gold, mainly from one of Australia’s highest-grade deposits – the Coyote Central resource, with 1.6-million tonnes grading at 8.5 g/t gold for 430 000 oz. The current resources not included in the study amount to 2.4-million tonnes grading at 4.8 g/t gold for 372 000 oz. Average recovered ounces are estimated at 44 000 oz/y, with peak production of about 55 000 oz/y in years 3 and 4, and significant potential to increase production and mine life.

The main activities at the mine include the installation of an already-owned 700 000 t/y mill, refurbishment of the existing processing facility and initial mine development.

Mining involves openpits at Coyote Central (20 months) and Sandpiper (6 months), together with underground production from Coyote Central (initially 5 years), with all operations starting during the seven-month processing facility refurbishment period.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Capital expenditure is estimated at $80.2-million.

Planned Start/End Date
The scoping study envisages a rapid restart, with first gold estimated at about seven months from the start of the processing facility refurbishment.

Latest Developments
Based on the positive results of the scoping study, Black Cat expects to complete additional targeted drilling as it progresses to a more detailed restart study. Once Paulsens is in operation, focus will shift to potentially sequentially developing Coyote and then Black Cats’ Kal East project.

Key Contracts and Suppliers
None stated.

Contact Details for Project Information
Black Cat Syndicate, tel +61 458 007713 or email admin@bc8.com.au.