Name of the Project
Paulsens gold mine restart.

Location
Ashburton basin, in the eastern Pilbara region, Australia.

Project Owner/s
Black Cat Syndicate.

Project Description
Paulsens was placed on care and maintenance in 2017 and acquired by Black Cat in 2022. The project has resources of 406 000 oz, which will deliver 163 000 oz of recovered gold over a 4.2-year mine life.

Production will be predominantly sourced from the Paulsens underground mine (156 000 oz), with additional feed from the Belvedere underground deposit (20 000 oz).

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
A$60-million funding package is in place.

Planned Start/End Date
First gold is expected in the second half of 2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Black Cat Syndicate, tel +61 458 007 713 or email admin@bc8.com.au.