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Catalyst Metals Limited (ASX:CYL)

ALERT: Price-sensitive ASX Announcement for CYL
Current share price for CYL : $5.350 -1.31 (-19.67%)+
Announcement
Release
19 Mar 2026 8:48AM
Price at Release
$6.660
Full Release
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Summary
Star Minerals Limited announced the completion of an agreement with Catalyst Metals Limited for the sale of its West Bryah copper-gold project. The transaction, valued at $2.75 million, consists of $1 million in cash and 230,536 shares of CYL. Additionally, Catalyst Metals will take a $1 million strategic stake in Star Minerals, becoming a major shareholder with a 6.59% interest. This deal enables Star Minerals to advance its Tumblegum South Gold Project and secure a toll treatment agreement with Catalyst for processing material at the Plutonic Plant Gold Mill. The project aims for a production target ranging from 11.8koz to 15.9koz of gold, generating a significant cash surplus. The transaction injects non-dilutionary cash, aiding Star Minerals in further development opportunities.
Key Points
  • Completion of sale agreement for the West Bryah copper-gold project to Catalyst Metals.
  • The sale includes $1M cash and 230,536 CYL shares, totaling $2.75M.
  • Catalyst Metals to take a $1M strategic placement in Star Minerals.
  • Catalyst becomes a major shareholder with a 6.59% stake in Star Minerals.
  • The agreement assists Star Minerals in progressing the Tumblegum South Gold Project.
  • A toll treatment agreement with Catalyst for processing at Plutonic Plant Gold Mill.
  • Updated Production Target for Tumblegum South ranges from 11.8koz to 15.9koz of gold.
  • The transaction provides non-dilutionary cash for Star Minerals' project developments.
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.