Calendar 2024 Australia Printable

Trident underground project, Australia

Name of the ProjectTrident underground project.

LocationIn the newly consolidated Plutonic gold belt, Western Australia.

Project Owner/sCatalyst Metals.

Project DescriptionA scoping study has demonstrated that the Trident mine has the potential to produce an estimated 230 000 oz of gold over an initial four-and-a-half-year mine life at an average grade of 6.7 g/t gold.

Potential Job CreationNot stated.

Net Present Value/Internal Rate of ReturnThe project has an estimated internal rate of return (IRR) of 132% and a pretax net present value (NPV) of $246-million, with a payback of one year, at a gold price of A$2 700, increasing to an NPV of $276-million and an IRR of 145% at spot gold prices.

Payback is estimated at one year.

Capital ExpenditureA$36-million.

Planned Start/End DateThe project is targeting first ore in the fourth quarter of 2024.

Latest DevelopmentsA definitive feasibility study is under way, which is targeted for completion in the second half of 2023. Regulatory approvals, licensing and construction are targeted for the 2024 calendar year.

Key Contracts and SuppliersNone stated.

Contact Details for Project InformationCatalyst Metals, tel +61 8 6324 0090 or email [email protected].