Catalpa has a committed and technically accomplished management team and a highly-experienced and supportive Board with a vision to utilise the cash flow from its flagship project, Edna May, to grow and develop the company into Australia's next mid tier gold producer.

Perth-based Catalpa Resources Limited (ASX: CAH) is on the cusp of a new phase of development, following the successful raising of more than $106 million in debt and equity to advance it’s A$92 million Edna May (open-pit gold) Operations to production by July 2010.

As part of the Edna May finance facility, Catalpa has sold forward 352,316 ounces of gold at an exceptional price of A$1,544 per ounce. Catalpa plans to utilise Edna May’s solid annual cash operating margins of A$75 million (based on an average gold price of A$1,400 per ounce) to fund its growth and become Australia’s next mid tier gold producer.
 
Catalpa has a sound Mineral Resource and Ore Reserve base at Edna May. Since October 2008 Catalpa has increased its Edna May Reserve by more than 50% from 544,000 to 817,000 ounces, extending the life of the Edna May Operations to more than seven years with planned production of more than 100,000 ounces per annum.
 
Catalpa has an experienced and focussed Board and management team that are committed to realising timely production and cash flow at the Edna May Operations. With a buoyant outlook on the gold price, the Board believes that Catalpa Resources presents a sound investment opportunity with significant upside potential.
 
Catalpa Resources has adopted best practice standards across all its activities, including its social, health and safety, environmental management and corporate governance functions.

Click here to view an Animated AV Presentation of the Edna May Gold Project >>