** Shares of Catalyst Metals rise as much as 1.2% to A$3.055, their highest level since Nov. 25 ** The gold producer says an Australian regulator approved the underground mining proposal at Trident Gold Project in Western Australia
** Says final approval required to commence mining, the open pit mining proposal is pending
** Co says Trident's pre-production costs are estimated at A$15 mln ($9.28 mln)
** Stock gained 220.5% in 2024
($1 = 1.6160 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru) ((mailto:Jasmeenaraislam.shaikh@thomsonreuters.com))
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