Producer · Mid-Tier · Gold · Australia
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Portfolio Aggregate · 1 project
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
Catalyst Metals Plutonic Gold Belt Portfolio
Portfolio
Project information
As at 30 June 2025
Description
As at 30 June 2025
Consolidated Plutonic Gold Belt portfolio in Western Australia comprising Plutonic Main + East (operating), Trident, K2, Old Highway, Cinnamon, Hermes (in development) and Four Eagles (exploration). Hub-and-spoke model centered on the latent Plutonic processing plant. Plutonic Gold Belt consolidation completed during FY2025 with the acquisition of Old Highway Gold Project. Plan to grow production to 200 koz pa by developing Plutonic East (commissioned March 2025), K2, Trident and Old Highway. Plutonic Main + East FY25 production of 86,384 oz at A$2,317/oz AISC. Henty Gold Mine (Tasmania) divested in May 2025 (not included in this portfolio per §0.5). Total Reserves and Resources across the belt support a >10-year mine life at 200 koz pa target.
Portfolio Aggregate
As at 30 June 2025
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Operating · 2 projects
Plutonic Underground
Asset
Project information
As at 30 June 2025
Description
As at 30 June 2025
Underground gold mine forming the central hub of the Plutonic Gold Belt operations. Located in Western Australia. Property includes a central processing plant and power station. Operated continuously with recent operational improvements delivering strong cash flows. Flagship Western Australian gold asset.
Mining metrics
Multiple effective dates · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Plutonic East
Asset
Project information
As at 30 June 2025
Description
As at 30 June 2025
Underground gold mine located 3 km east of the Plutonic underground mine and associated infrastructure. Last mined by Barrick Gold in 2012 and placed on care and maintenance until Catalyst recommenced development. Dewatering began in April 2024 with first ore achieved in March 2025, representing the first new mine developed on the belt in over 25 years.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
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Development · 5 projects
Cinnamon
Asset · Pre-feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Open pit gold deposit located within the Plutonic Gold Belt.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Hermes
Asset · Pre-feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Open pit gold deposit located within the Plutonic Gold Belt.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Old Highway
Asset · Pre-feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Gold deposit located 40 km south of Plutonic along the Great Northern Highway. Sits on existing mining leases and was the subject of detailed studies by Sandfire Resources in 2022. Acquired during the year to become the fifth mine developed under the hub and spoke model. Initial mine plan demonstrates a four-year mine life at a steady state production rate of 35koz of gold per annum and an AISC of A$1,558/oz.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Trident
Asset · Pre-feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Undeveloped gold project located 30 km north-east of the Plutonic processing plant. Comprises the Trident underground deposit and Trident West open pit. Following receipt of all required environmental and regulatory approvals in Q4 FY2025, early site works and open pit mine contractors mobilisation commenced. July 2024 mine plan estimated average annual gold production of 37koz over five years at an AISC of A$1,592/oz.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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K2
Asset · Pre-feasibility · Ownership 95.9%
Project information
As at 30 June 2025
Description
As at 30 June 2025
Historic open pit mine located 40 km north-east of the Plutonic processing plant. An existing portal and underground decline was established in the late 1990s by Resolute Mining. All mining approvals received during the year, with dewatering, decline rehabilitation, and early site works commenced. Mine plan of three years producing an average of 18koz annually.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Exploration · 1 project
Four Eagles
Asset · Pre-feasibility · Ownership 50%
Project information
As at 30 June 2025
Description
As at 30 June 2025
High-grade gold exploration project located immediately north and along strike of the historic 22Moz Bendigo Goldfields. 50:50 joint venture with Gold Exploration Victoria Pty Ltd. Progressing approvals to construct an access tunnel to explore underground. Aircore and diamond drilling programs completed during the year targeting analogues of the high-grade Iris Zone.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Precious Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Precious metals
- Resources vs Reserves. Resources are geological estimates that could one day be mined; Reserves are the subset with a feasibility study and plausible positive economics. Measured → Indicated → Inferred describe increasing geological uncertainty; Proven → Probable are reserve labels from Measured/Indicated. Inferred resources are not convertible to reserves under most codes.
- Grade (g/t) is the headline number on gold/silver pages. High-grade is often above 5 g/t; >10 g/t is bonanza territory; below 1 g/t is bulk low-grade. Open-pit cut-offs are typically lower than underground.
- AISC (All-In Sustaining Cost) is direct cash costs + sustaining capex + royalties + corporate overhead + reclamation, per ounce produced. C1 strips sustaining capex and corporate overhead. Both are non-GAAP and defined differently across issuers.
- By-product credits. Polymetallic deposits credit by-product value against the main metal cost; negative AISC after credits does not mean the main metal is sold below cash cost.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Gold
Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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