Black Cat Syndicate Limited Achieves 757oz First Gold Pour at New Lakewood Facility, Boosting 1.2Mtpa WA Operations for Rapid Growth
Thursday, April 17, 2025
at
4:19 pm
Black Cat Syndicate Limited has marked a significant milestone, pouring its first gold at the new Lakewood processing facility. Strong production and high recovery rates signal exciting growth prospects as the company accelerates its plan to become a major WA gold producer.
Black Cat Syndicate Limited recently announced a major milestone with the first gold pour from its newly acquired Lakewood processing facility, located just 6km southeast of Kalgoorlie and within 40km of its flagship Kal East operation. The facility, with a capacity of 1.2 million tonnes per annum, commenced operations immediately after the acquisition on 31 March 2025, as ore from the Myhree deposit began being hauled over from 1 April 2025.
During the initial two weeks of operation, the facility processed approximately 60,000 tonnes of ore and achieved a throughput of up to 1.2 million tonnes per annum. Operational highlights indicate that the plant is building up its crushed stockpile steadily with over 10,000 tonnes on the ROM. Notably, production results showed unreconciled production of 42,000 tonnes of ore at an average grade of 2.10 grams per tonne gold, achieving more than 95% recovery with 2,740 ounces produced, including a notable 757 ounces in the very first pour on 16 April 2025.
The announcement further outlined several upcoming activities that signal an ambitious growth trajectory. Black Cat Syndicate Limited plans to continue its underground and surface drilling programs at various locations including Paulsens and Kal East, along with mining activities at the Myhree/Boundary open pits through October 2025. Additional initiatives such as seismic target drilling and antimony drilling at Mt Clement Eastern Zone are slated for the coming months, and a general meeting is scheduled for 6 May 2025.
The latest production results and operational efficiencies point to a bullish outlook for the company. With throughput rates and recovery metrics exceeding initial expectations, Black Cat Syndicate Limited appears well-positioned to accelerate gold production and capitalize on the exploration potential in its operating regions. The swift start-up at Lakewood and the strategic integration with the larger Kal East project underscore the company’s commitment to growing as a significant gold producer in Western Australia.
Conversely, a more cautious perspective highlights potential challenges in the integration of the new facility into existing operations. While early production figures are promising, the success of future drilling programs and sustained high performance will be key to maintaining momentum. Additionally, beginner traders may note that commodity price fluctuations and operational risks inherent in mining ventures warrant careful monitoring as Black Cat Syndicate Limited navigates this transformative period.