Black Cat Syndicate - BC8 (ASX) News & Expert Insights from Stockhead

Black Cat Syndicate Limited (ASX:BC8) is a fast-growing Western Australian gold explorer and developer with a substantial +2 million ounce resource across three advanced projects.

BC8 acquired two assets with established processing infrastructure from gold major Northern Star Resources in mid-2022. The Company is now drilling to expand the mining inventory at the two projects, Coyote in the Tanami and Paulsens in the East Pilbara, to support low-capital restarts of the high-grade mines.

The third project, Kal East in the Eastern Goldfields, has a completed Pre-Feasibility Study which shows a viable, longer-term development option.

The Company listed in 2018 and is led by an experienced Board and Management team who were involved in the founding and growth of many successful companies including Silver Lake Resources, Spectrum Metals and Dreadnought Resources.

BC8 aims to move quickly to self-sustaining operations to continue to grow and deliver value to their employees, shareholders, and the communities in which they operate.

KEY PEOPLE

Gareth has a First Class Honours degree in Earth Science from the University of Melbourne. Gareth’s career incorporates over 21 years mining industry experience covering numerous orebody types in both underground and surface environments with a proven ability in leading mine geology, resource development and near mine exploration teams. He has worked his way up from mine geologist to chief operations geologist and registered mine manager positions in both open cut and underground operations which includes 11 years senior management experience with organisations including Saracen Minerals, Silver Lake Resources and Norilsk. Of particular relevance, Gareth was the Chief Geologist and later Resident Manager at the Mount Monger gold mine which is similar in many ways to Coyote and Paulsens and involved managing a workforce of approximately 200.

Paul is a chartered accountant with over 30 years’ experience in the resources sector gained in Australia and the United States. Paul has experience across a range of commodity businesses including gold, nickel, uranium, manganese, bauxite/alumina and oil/gas. Paul has held managing director and other senior management roles in public companies. Paul was a founding shareholder and/or director of the following ASX listed companies: Reliance Mining, Encounter Resources, Rex Minerals, Silver Lake Resources, Paringa Resources, Dreadnought Resources and Avanco Resources. Paul is Non-Executive Chairman of ASX listed copper/gold explorer Encounter Resources (ASX:ENR) and copper/gold explorer Dreadnought Resources (ASX:DRE).

Philip is a prominent and well respected barrister specialising in commercial law. Since 2015, Philip was chairman of highly successful financial services company Zip Co Limited (ASX:Z1P) until his resignation in March 2021. Philip is currently chair of share trading platform, Superhero Holdings Pty Ltd, a director of minerals explorer Encounter Resources Limited (ASX:ENR) and a director of recruitment facilitator Applyflow Limited (ASX:AFW). Philip is a board member of the Geelong Grammar School Council, Bell Shakespeare Theatre Company and the Victorian Bar Foundation Limited. Philip is also a former partner of Mallesons Stephen Jaques (now King & Wood Mallesons) and his directorships is a Non-Executive Director of gold explorer Hamelin Gold (ASX:HMG).