- Drilling at Trident continues to extend mineralisation.
- Potential for Trident resource to continue to grow.
- Located near the under-utilised Plutonic processing plant.
- Largest of the five mines to be developed as part of growth strategy.
Catalyst Metals (ASX:CYL) has confirmed the Trident deposit as the leading component of a strategic Plutonic Gold Belt 10-year production plan in Western Australia.
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The latest results from exploration at Trident has continued to be successful in converting the inferred resource and testing extensions of the known mineralisation.
Triton was identified by Catalyst in September 2025 as the largest of the five mines to be developed as part of the company’s plan to increase annual gold production at the under-utilised Plutonic processing plant from over 100,000 ounces of gold to more than 200,000.
The Trident underground deposit comprises a probable reserve of 2.5 million tonnes (Mt) at 5.0 grams per tonne (g/t) for 397,00 of gold and a resource of 4.7Mt at 5.3 g/t for 795,000 ounces.
The underground mine is expected to operate at a run rate of around 60,000 per annum and will form the second base load ore source feeding the Plutonic processing plant.
MD and CEO, James Champion de Crespigny, said during 2025 Trident was the focus of a substantial drilling program with two broad objectives, firstly infill drilling targeting conversion of inferred resource to indicated, and secondly, drilling outside of the current resource envelope to identify new mineralisation and grow the inferred resource.
“The drilling programs at Trident have delivered a resource base which will underwrite a 10-year mine plan at more than 60,000 ounces per annum,” he said.
“In time, we expect continued drilling will convert this resource base into reserves.
“Catalyst’s business plan is to have multiple ore sources to feed the Plutonic processing plant for the reason that by doing so, Plutonic becomes a more stable, long term, lower cost operating centre able to provide sustained exposure to gold.”
Catalyst is building on this strategy with drilling at other prospects Cinnamon, Old Highway and K2.
“Accordingly, these projects are consuming exploration resources now that Trident has such an established mine life. Once Trident is up and running, we will return and fill in the drilling at depth to further extend its life.”
CYL is steady at $5.35. Mkt cap $1.394B.
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