Catalyst Metals has signed formal documentation to increase its revolving credit facility from A$100 million to A$200 million and extend its tenor from three to four years, expanding total available treasury liquidity to A$531 million.

The facility remains undrawn. Alongside the upsize and term extension, HSBC has joined the existing lender syndicate comprising Westpac, National Australia Bank, and Societe Generale to provide hedging facilities.

The expanded credit line builds on a strong treasury position. As of 30 June 2026, Catalyst held A$331 million in cash and bullion with zero debt. The added facility provides increased financial flexibility as the company advances operations across its flagship Plutonic Gold Belt in Western Australia.

The 40km-long belt currently produces approximately 100,000 ounces per annum from mines at Plutonic Main, Plutonic East, and K2. Catalyst is currently bringing three new mines into production—Trident UG, Cinnamon, and Old Highway—with all ore processed through the centrally located 2-million-tonne-per-annum CIL plant.

“We would like to thank NAB, Westpac and Societe Generale for their continued support of Catalyst. We also welcome, and thank, HSBC in joining the syndicate.

Over the past two years, Catalyst has progressively de-risked the longer terms ±200koz organic growth strategy 3. The ongoing support of our relationship banks in this upsize, reflects that progressive de-risking.”

— James Champion de Crespigny, Managing Director & CEO

An updated Ore Reserve for the Trident underground deposit is scheduled for release in September 2026. First stoping ore from the underground mine is expected to follow in the first half of calendar year 2027.

Read the full announcement: Catalyst increases its corporate credit facility to A$200m