Kaiser to acquire Henty Gold Mine in Australia from Catalyst for $ 19.8 million

Australian -based Kaiser REEF has concluded a final agreement with Catalyst Metals to get the Henty Gold Mine and the associated exploration in the northwest of Tasmania in a $ 31.6 million deal.

According to the deal, Kaiser will pay $ 15 million and $ 16.6 million in shares, providing Catalyst 19.99 % in the company.

The deal also includes the post -postponed payments per month, with a maximum of 3000 ounces, a royal agreement and a payment of $ 3.9 million in environmental bond payments.

In addition, the agreement includes an option agreement that allows the catalyst for the formation of a joint venture (JV) with Kaiser for the Maldon processor in Victoria. The option can facilitate the expansion of the factory and increase the operating scale.

After the acquisition, the value of the Kaiser Foundation will reach $ 67 million, and includes three gold mines, including one under care and maintenance and gold processing manufacturers.

“Catalyst has done a great job in building a profitable process in Henty over the past four years, with clear production and clarity of mines, as well as some wonderful exploration targets,” said Jonathan Downs, Managing Director of Caeser.

“Kaiser will continue to re -invest in Henty and build on what the catalyst actually achieved. We are very pleased to have a continuous participation in Catalyst and to be declined to Henty, as a major contributor to Kaiser and by representing the Board of Directors.

“The Kaiser and Catalyst option to enter the 50/50 JV partnership in the Maldon processing factory gives both parties a clear path that supports their Victorian ambitions. A joint project can open the benefits that will come with the factory expanding and increasing the operational range, and we look forward to working with Catalyst as a JV weapon if it is implementing the option.”

Kaiser has also announced that it had obtained binding obligations of $ 30 million through two modes of new shares to finance the acquisition.

Money will cover cash consideration and the costs of transactions and provide working capital for growth initiatives.

Obligations include $ 9.1 million guaranteed under the current capacity, with shareholders ’approval of $ 20.9 million remains in May.

An additional amount of $ 10 million has been secured by a guaranteed and priorly guaranteed golden loan with Auramet International.

A general meeting for shareholders is scheduled to be held in early May 2025 to agree to the relevant treatment and financing arrangements.

The Henty Gold is a golden production platform with a historical return of 1.4 million ounces at 8.9 grams per ton (G/T). The current foam reserves of the mine keep 1.2 million tons in 4G/T for 154,000oz.