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Catalyst Metals Limited (ASX:CYL)

ALERT: Price-sensitive ASX Announcement for CYL
Current share price for CYL : $5.750 -3.25 (-36.11%)+
Announcement
Release
19 Jan 2026 9:15AM
Price at Release
$9.000
Full Release
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Summary
Catalyst Metals Limited has announced the discovery of a new high-grade gold zone beneath the Cinnamon Resource, which could serve as a sixth underground ore source for the Plutonic Gold Belt in Western Australia. The Cinnamon Resource, located 25km from the Plutonic processing plant, has shown promising drilling results, including significant gold intercepts. The discovery extends approximately 400 meters and remains open for further exploration, highlighting its potential to contribute to Catalyst's 10-year production plan and annual production ambitions. The company's efforts have already resulted in a tripling of the Plutonic Reserves, underscoring the strategic impact of this new find.
Key Points
  • Catalyst Metals Limited (ASX:CYL) has discovered a new high-grade zone below the Cinnamon Resource.
  • This discovery offers a potential sixth underground ore source beneath an existing open pit reserve.
  • Cinnamon is an undeveloped gold resource located 25km from the Plutonic processing plant.
  • Drilling results included significant intercepts such as 33m at 7.4 g/t, 22m at 14.3 g/t, and 37m at 4.2 g/t.
  • The high-grade zone extends approximately 400m and remains open along strike and at depth.
  • Further drilling is planned to explore the area along strike and at depth while confirming mineralisation along the identified 400m target area.
  • The discovery has potential to support Catalyst's 10-year production plan and 200koz targeted annual production level.
  • Under Catalyst's ownership, Plutonic's Reserves have tripled as of 2025.
  • The Cinnamon trend is a 3km trend with little to no exploration drilling at depth or outside of the known Cinnamon Resource.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.