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Gold|Mining|PROJECT|Resources|Underground
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Hancock Prospecting sells stake in Catalyst Metals

19th April 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

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ASX-listed Catalyst Metals reports that the entire remaining substantial shareholding held by Hancock Prospecting in Catalyst Metals’ ordinary shares has been acquired by directors and senior management of Catalyst and institutional investors.

Hancock has, therefore, ceased to be a substantial shareholder of the company.

“We are pleased to advise that the outstanding position held by Hancock has been taken up by Catalyst directors, senior management and institutional investors. This show of support is encouraging at a time of change for the company.

“The board believes this change in ownership structure to a broader support base of institutional investors, leaves Catalyst well-positioned for the future development of underground mining at the Plutonic Gold Belt in Western Australia and the Henty gold mine in Tasmania.

“Hancock Prospecting has been an extraordinary supporter of Catalyst since 2015, when it first partnered in a joint venture at Catalyst’s Four Eagles gold project immediately north of the historic Bendigo Goldfields. Since then, Hancock has not only been a considerable contributor to Catalyst, but also to the community in and around Bendigo. That support for the community and the Four Eagles Joint Venture remains,” says Catalyst MD and CEO James Champion de Crespigny.

Catalyst controls three highly prospective gold belts and has a multi-asset strategy.

It owns the 40-km-long Plutonic Gold Belt in Western Australia hosting the Plutonic gold mine and neighbouring underexplored, high-grade resources. It also owns and operates the high-grade Henty gold mine in Tasmania which lies within the 25 km Henty Gold Belt.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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