Black Cat Syndicate Secures Myhree Underground Mining Approval: A Step Towards More Gold Sooner

In a significant milestone for the gold mining sector, Black Cat Syndicate (ASX: BC8) has received approval to commence underground mining operations at its Myhree site in Western Australia. This strategic decision marks a pivotal moment in the company's “more gold sooner” initiative, aiming to enhance production while optimising resource extraction.

Unlocking Potential at Myhree

Located just 24 kilometres from the 1.2 million tonnes per annum (Mtpa) Lakewood processing facility, Myhree has an existing resource of 815,000 tonnes at a grade of 4.0 grams per tonne (g/t) of gold, with significant potential for further depth exploration. The approval for underground mining operations comes as Black Cat prepares to finish its open-pit operations by October 2025, allowing for a seamless transition into underground mining activities based on operational needs.

Managing Director Gareth Solly expressed his optimism regarding the approval, stating, “The Myhree underground mining approval provides optionality for Kal East, and mining approvals for other deposits are also expected soon.” With the Lakewood facility operating smoothly and open-pit operations ahead of schedule, Black Cat is well-positioned for a robust mining future.

Strategic Initiatives Underway

As part of its ongoing efforts, Black Cat is actively reoptimising its Kal East open pits and underground mines in response to current gold price fluctuations. The company is engaging in several key activities, including:

• Tendering Contracts: Seeking competitive bids for both underground and open pit contracts to ensure cost-effective and efficient operations.

• Dewatering Initiatives: Preparing the Majestic open pit for upcoming mining activities.

• Drilling Programs: Conducting drilling for grade control and resource extensions to maximise yield.

These initiatives reflect Black Cat’s proactive approach to mining and resource management, ensuring they are ready to capitalise on the opportunities presented by the gold market.

Looking Ahead

With additional mine approvals on the horizon, Black Cat Syndicate is poised to expand its operations and enhance its production capabilities. The strategic developments at Myhree and Kal East underscore the company's commitment to achieving its goal of delivering more gold sooner.