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Catalyst Metals shares rise 3.6% after Trident indicated gold resources climb 20% to 633,000 ounces

Catalyst Metals Ltd (ASX: CYL) updated the mineral resource estimate for its Trident underground gold project, lifting indicated resources by 20% to 633,000 ounces at an average grade of 6.3g/t, supporting a roughly 10-year steady-state mine plan. The company is progressing underground development and expects first production in the first half of calendar year 2027. The update strengthened expectations around project economics and delivery, alongside a firmer gold price and a modestly higher ASX 200, with CYL shares up 3.6%.
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