Highlights

  • Catalyst Metals has acquired the remaining 49% interest in the Tandarra Gold Project for AUD 1.3 million, resolving an ongoing legal case.
  • The acquisition consolidates ownership of the 75km Bendigo Gold Belt, enhancing alignment with the company’s Four Eagles project.
  • Catalyst shares were trading 0.41% higher at AUD 7.40 on 11 November 2025.

Catalyst Metals Limited (ASX:CYL) has completed the acquisition of its joint venture partner’s 49% stake in the Tandarra Gold Project for AUD 1.3 million, granting the company full ownership and resolving a pending legal case. The transaction strengthens Catalyst’s control over its Victorian assets, which include the high-grade Four Eagles Gold Project, and simplifies management of its gold exploration portfolio in the region.

Full Ownership Secured in Key Victorian Project

The Tandarra Gold Project, located immediately south of the Four Eagles Gold Project in Victoria, was previously a joint venture in which Catalyst held 51%. With the acquisition, the company now owns 100% of the project, paving the way for unified management and streamlined exploration activity across the area.

Tandarra hosts multiple prospects — Lawry, Tomorrow, Macnaughtan, and Tandarra North — which lie along the same mineralised trend as Four Eagles. Historical drilling at these prospects has produced significant intersections such as 12.9 metres at 31.1 g/t gold, 2.45 metres at 54.8 g/t gold, and 3 metres at 44.6 g/t gold, demonstrating continued exploration potential.

Consolidation Across the Bendigo Gold Belt

Catalyst’s latest move consolidates ownership across its 75km landholding in the Bendigo Gold Belt, a region recognised for its gold endowment. The company has delineated a 163,000-ounce resource at 7.7 g/t at Four Eagles and holds access to a permitted carbon-in-leach (CIL) processing facility, as well as regulatory approval for the construction of an underground exploration decline.

The acquisition supports Catalyst’s broader strategy to manage and expand its Victorian portfolio efficiently while progressing exploration and development activities that can complement its Western Australian operations in the Plutonic Gold Belt.

Growing Interest in Victorian Gold Prospects

Industry interest in Victoria’s gold assets remains active. Earlier this year, Agnico Eagle Mines, one of the world’s leading gold producers, purchased S2 Resources’ exploration licence EL007795 for AUD 20 million. The tenement, located about 50 kilometres from Catalyst’s Four Eagles Project, does not contain a defined resource but highlights continued investment momentum in the region.

Catalyst’s projects are located roughly 50 kilometres north of the historic Bendigo Goldfield, which has produced over 20 million ounces of gold, and about 80 kilometres north of the Maldon processing plant. The company’s exploration programs continue to identify high-grade lodes within the Tomorrow, Macnaughtan, and Lawry zones at Tandarra.

Outlook and Market Reaction

With a fully consolidated ownership structure and access to infrastructure, Catalyst aims to advance exploration and expand resources across both Tandarra and Four Eagles.

During trading on 11 November 2025, Catalyst Metals shares were up 0.41% to AUD 7.40.