A$65m two-tranche placement, with the ability to accept overs (T1 A$53m).
Offer Price: A$0.76 per share.
Discounts:
- Last close price of A$0.855/sh: 11.1%.
- 5 trading day VWAP of A$0.879/sh: 13.6%.
- 15 trading day VWAP of A$0.847/sh: 10.3%
BC8
Lead Manager
Offer Price
A$0.760
per share
Offer Size
A$65,000,000
Issue Price (Per Share)
A$0.760
Discount
26.21%
Offer Size
A$65,000,000
Shares Available
85,526,316
A$65m two-tranche placement, with the ability to accept overs (T1 A$53m).
Offer Price: A$0.76 per share.
Discounts:
Black Cat Syndicate Limited has rapidly positioned itself as a prominent gold producer in Western Australia. The company's strategic acquisitions and exploration efforts have culminated in a substantial portfolio of high-grade gold resources across three key operations:​
Black Cat's commitment to exploration and development is underscored by its goal to expand resources from 2 to 3 million ounces within the next five years. This objective is being pursued through targeted exploration campaigns and the strategic restart of operations to generate internal cash flow and drive sustainable growth.
Kal East
Paulsens
Coyote
Non-Executive Chairman
Paul is a chartered accountant with over thirty years’ experience in the resources sector gained in Australia and the United States. Paul has experience across a range of commodity businesses including gold, nickel, uranium, manganese, bauxite/alumina and oil/gas. Paul has held managing director and other senior management roles in public companies. Paul was a founding shareholder and/or director of the following ASX listed companies: Reliance Mining, Encounter Resources, Rex Minerals, Silver Lake Resources, Paringa Resources, Dreadnought Resources and Avanco Resources. Paul is Non-Executive Chairman – Meeka Metals (ASX:MEK), Non-Executive Chairman – Dreadnought Resources (ASX:DRE), Non-Executive Director – Sunshine Metals (ASX:SHN).
Managing Director
Gareth has a First Class Honours degree in Earth Science from the University of Melbourne. Gareth’s career incorporates over 24 years mining industry experience covering numerous ore body types in both underground and surface environments with a proven ability in leading mine geology, resource development and near mine exploration teams. He has worked his way up from mine geologist to chief operations geologist and registered mine manager positions in both open cut and underground operations which includes 11 years senior management experience with organisations including Saracen Minerals, Silver Lake Resources and Norilsk. Of particular relevance, Gareth was the Chief Geologist and late Resident Manager at Mount Monger which is similar in many ways to Bulong and involved managing a workforce of approximately 200.
Non-Executive Director
Les has a Master’s Degree in Mineral Economics from Curtin University of WA and over 42 years mining industry experience including 17 years hands-on experience in mine development and narrow vein mining. Les career incorporates over 25 years senior management and executive experience including roles as Mine Manager, Technical Services Manager, Concentrator Manager, Resident Manager and GM Expansion Projects with organisations including WMC Resources, Reliance Mining and Consolidated Minerals. Les was the founding Managing Director of Silver Lake Resources (ASX:SLR) in 2007 and Non-Executive Director of Spectrum Metals (ASX:SPX) in 2019. Les is currently a Non-Executive Director of Sunshine Metals Limited (ASX:SHN).
Non-Executive Director
Davide is an experienced company director with significant resources and gold sector experience including having served on the board of De Grey Mining Ltd as well as Spectrum Metals Ltd which was ultimately acquired by Ramelius Resources Ltd. In addition, Davide is currently a non-executive director at Yojee Ltd (ASX:YOJ).
Most recently, Davide served as the WA State Manager and Director of Corporate Finance at investment and wealth management firm Shaw and Partners having overseen the sale of the historic WA broking firm, DJ Carmichael Pty Limited to Shaw in 2019. For over 23 years, Davide has been immersed in the WA finance industry offering corporate services and strategic advice to private and public organisations, specifically in relation to capital management and M&A.
Non-Executive Director
Richard, a graduate of the WA School of Mines, is a mining engineer with broad experience in the resources sector – specifically in copper, gold and nickel – both corporately and operationally.
Richard is currently a founding director, Chief Executive Officer and Managing Director of Rex Minerals (ASX:RXM). Before becoming CEO of Rex Minerals, Richard was CEO of Indophil Resources (ASX:IRN) which had ownership in and management of one of the world’s largest undeveloped copper projects (Tampakan). Previous roles include CEO of Ballarat Goldfields (ASX:BGF) and General Manager of Gold for Western Mining Corporation. Of particular relevance to Black Cat, Richard ran the large St Ives Gold Operation south of Kalgoorlie. Richard is a past Chairman of the State Council of the Minerals Council of Australia (Victorian division) at the time the State Council merged into the national MCA.
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