https://www.miningweekly.com
Gold|Mining|Resources|Equipment
Gold|Mining|Resources|Equipment
gold|mining|resources|equipment

Black Cat raises funds for Paulsens restart

4th June 2024

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Black Cat Syndicated has secured the immediate funding required to start major refurbishment works and mining activities at its Paulsens gold mine,  in Western Australia.

The company has received firm commitments for A$36-million through a two-tranche placement at A$0.27 a share, with strong support from existing shareholders, as well as several new North American and Australian institutional shareholders.

The placement was upscaled to introduce additional equity funding and to replace the A$6-million Sundy convertible note that had been terminated at no cost.

The funds would provide for the full implementation of Black Cat’s high-grade stockpile strategy, early mobilisation of a twin boom jumbo to Paulsens in July for rehabilitation activities, the ordering of new frontline mobile equipment and the advancement and mining approvals to potentially mine other openpit resources at Kal East.

Black Cat will also use the funds to upgrade the Coyote May 2024 scoping study to a prefeasibility study and to advance studies for the Mt Clement antimony deposit.  

 

Edited by Creamer Media Reporter

Comments

Showroom

Victaulic
Victaulic

Since 1919, Victaulic’s innovative solutions and design services continue to increase construction productivity and reduce risk, ensuring projects...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
19th June 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.248 0.284s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: