The purchase of Unity's plant is a major achievement for a...

The purchase of Unity's plant is a major achievement for a junior like Catalyst and reflects the quality of the board.

This means that Catalyst now has its foot on the only large gold plant in the Bendigo area. Plus it can acquire it for a fraction of the original cost of $65M.

This will enable Catalyst to start production with a much lower resource base than if it had to build a plant from scratch. It also means that all the other explorers in the area, like NML will have to talk to Catalyst now about any toll treating.

With further drilling planned, this little company could be a real bolter in 2012.