Ann: Best-ever gold intersections recorded at Four Eagles, page-48

Esh

There are two joint ventures to look at. The qtrly released today is good reading and will give you details of the JVs and their respective tenements. I've pasted a couple of extracts from the qtrly below re the JVs.

Strongly suggest you read today's qtrly in full, would be very interested in your geological thoughts re the projects ...


FOUR EAGLES JOINT VENTURE (RL 6422, EL 5295, EL 5508) (CATALYST 50%)
Catalyst holds a 50% interest in the Four Eagles Gold Project, whilst Gold Exploration Victoria Pty Ltd (GEV) (a wholly-owned subsidiary of Hancock Prospecting Pty Ltd) earned a 50% interest by spending $4.2 million on exploration. Under the terms of the joint venture, future exploration will continue to be
managed by Catalyst and will be jointly funded by Catalyst and GEV.

The Four Eagles Gold Project covers an envelope of gold mineralisation about 6 kilometres long and 2.5 kilometres wide. Three prospects have produced high grade gold mineralisation (Hayanmi, Boyd’s Dam and Discovery).

A Retention Licence (RL6422) for the Four Eagles Gold Project was granted and registered by the Victorian Department of Economic Development, Jobs, Transport and Resources (DEDJTR) during the March 2018 Quarter. The Retention Licence has a term of 10 years and provides the Company with security of tenure to conduct advanced drilling and assessment programmes aimed at progressing the project to resource estimation, scoping studies and possible feasibility and mining. The Retention Licence replaces Exploration Licence EL4525.


TANDARRA GOLD PROJECT (EL4897/RL006660)) (CATALYST HAS EARNED 51%
FROM NAVARRE MINERALS LIMITED)
Catalyst has received notification from Navarre Minerals Limited (Navarre) confirming the expenditure of $3 million by Catalyst’s subsidiary Kite Operations Pty Ltd to earn a 51% interest in the Tandarra Gold Project in accordance with the Heads of Agreement entered into with Navarre in September 2014. A Joint Venture agreement for the project is now being finalised.

The Tandarra Gold Project is situated along the Whitelaw Fault Corridor which is considered to be a major structural control of gold mineralisation north of Bendigo. It is located about 15 kilometres south of the Four Eagles Gold Project (Figure 1).
The Tandarra Gold Project comprises Exploration Licence EL4897. In December 2017, an application was lodged with the DEDJTR for the conversion of EL4897 into a Retention Licence (RL006660). A detailed Mineralisation Report and Programme of Works was lodged in conjunction with this application as part of the requirement to show that significant gold mineralisation had been discovered in the project area. The DEDJTR has subsequently advised Navarre and Catalyst that some additional information is required to be included in the Mineralisation Report, which will be submitted before 31 July 2018. These minor modifications have been made by Catalyst technical personnel with input from an external consultant and Navarre.