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Aggressive Western Australian gold miner Black Cat Syndicate (ASX: BC8) has today completed the acquisition of strategic tenements in close proximity to key infrastructure near Kalgoorlie-Boulder in the western state.
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The 90 square kilometre tenements are adjacent to the 1.2 million tonnes per annum Lakewood processing facility, part of the company’s Kal East gold operation.
Black Cat’s managing director, Gareth Solly, said this ground offers strategic support to the explorer’s WA operations, including the capacity for additional tailings storage facilities to extend the Kal East processing for decades.
“The acquisition ticks numerous boxes, including providing longer-term TSF capacity and potential additional water sources,” he told shareholders today.
An expansion study on expanding Lakewood to approximately 1.5Mtpa is well underway, Black Cat also confirmed today, with outcomes expected in the March CY26 quarter. “Consequently, we look forward to ongoing production growth from Kal East as part of our ‘more gold sooner’ strategy,” Mr Solly said.
The acquisition sets up a possible extension of the current tailings capacity, to around 20 years. The size and location of the ground, within 10km of Lakewood, should also extend current TSF capacity from seven years to well beyond 20.
The tenements also provide potential new water sources for expanded production.
Black Cat took control of Lakewood on March 31 last year, and has since achieved a number of improvements, including the commissioning of the newly installed TSF and the installation of a new gravity circuit.
The new tenements, E26/209, P26/4316, P26/4317, P26/4319 to P26/4345 and P26/4350, have been acquired for $200,000, for 100% ownership.
BC8 has been up 4.8pc and is trading at $1.48 on Wednesday arvo.
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