Acquisition of Vango Mining by Catalyst Metals marks the first step to controlling a third highly prospective Australian gold belt

By Wendy McEvoy | News | 0 comment | 15 March, 2023 | 0

Argonaut PCF acted as Financial Advisor to Catalyst Metals Limited (ASX:CYL) (Catalyst) on its all scrip $66.0m off market takeover of Vango Mining Limited (ASX:VAN) (Vango).

Vango owns the Marymia Gold Project which is located in the mid west region of Western Australia and hosts a 1Moz gold Resource and over 40km of prospective strike.

Both Vango’s Board and key shareholders showed great support towards the transaction.

The takeover offer from open to reaching the 90% compulsory acquisition threshold was rapidly achieved in 35 days.

The transaction acts as the first step to unlocking the Plutonic-Marymia gold belt, a world class gold district with over +14Moz of gold endowment.

Argonaut is delighted to have supported Catalyst and looks forward to Catalyst’s ongoing success.

Additional information regarding Catalyst can be found on the Company’s website at https://catalystmetals.com.au/

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Acquisition of Vango Mining by Catalyst Metals marks the first step to controlling a third highly prospective Australian gold belt

Acquisition of Vango Mining by Catalyst Metals marks the first step to controlling a third highly prospective Australian gold belt

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