Black Cat Syndicate (ASX:BC8) completed the acquisition of the 1.2 million tonnes per annum (Mtpa) Lakewood processing facility, part of its Kal East Gold Operation in Western Australia, according to a Tuesday filing with the Australian bourse.
The consideration includes the payment of AU$24 million and the issue of 19.7 million shares, escrowed until March 2026, and deferred payments of AU$45 million due mid-2025, the filing said.
The Lakewood workforce has transitioned to Black Cat, with ore processing already underway, the filing added.
Over 100,000 tonnes of ore are stockpiled for processing through October 2025, the company said.
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