MMS secures a significant contract for Black Cat Syndicate’s Kal East Gold Project.

We’re proud to announce that MMS has recently secured a new contract with Black Cat Syndicate for the development and processing of the Myhree and Boundary open pits, part of the Kal East Gold Project.

Under this arrangement:

• Funding: MMS will provide all funding to develop and haul Ore from the fully approved Myhree and Boundary open pits for processing at Paddington, located ~35km north of Kalgoorlie.
• Reserves: MMS will mine the open pit Ore Reserves at Myhree (46koz @ 2.4g/t Au) and Boundary (6koz @ 1.5g/t Au). These reserves were calculated at A$2,500/oz, with additional upside potential at the current gold price
• Timeline: MMS plans to commence mining in June/July 2024, with the first ore expected to be hauled in September 2024. The open pits are planned to be mined and processed over approximately 18 months.
• Profit: Following the recovery of start-up costs, the first $30M of cash flow generated will be received by Black Cat. Following this, MMS and Black Cat will share profits.

Black Cat’s Managing Director, Gareth Solly, said
“The profit share arrangement incentivises both parties to deliver the best possible result, with Black Cat to receive the first $30M in cashflow after the recovery of start-up costs. We are looking forward to working with Mineral Mining Services and Paddington Gold on the mine development, haulage and processing of Ore from the Myhree and Boundary open pits.”

MMS is looking forward to leveraging our expertise in turn-key mining services to efficiently develop and process the Myhree and Boundary open pits. This partnership underscores MMS’s commitment to delivering exceptional mining solutions

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