Australia's Black Cat Syndicate rises on increasing gold finds at WA project

Black Cat Syndicate

23/11/2021 04:00

** Shares of gold explorer Black Cat Syndicate Ltd  BC8.AX 
climb as much as 6.8% to A$0.625, post their biggest intraday
percentage gain since Nov. 15
    ** Co says mineral resource at Fingals mining centre,
located within Kal East Gold Project in Western Australia, has
increased over 200% to 4.0 Mt in less than 18 months
 urn:newsml:reuters.com:*:nASX5DnQYn
    ** Co eyes more potential for growth at the mine, adds area
will remain a strong focus for discovery efforts in future
    ** Co says future drilling will target deeper extensions of
higher-grade deposits for potential underground mining
    ** Stock down ~16.4% this year, as of last close 

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))