Black Cat Syndicate Ltd (BC8) - ASX Release

Black Cat Syndicate Limited (“Black Cat”) is pleased to announce that diamond drilling has commenced at the Bulong Gold Project (“Bulong”).

Queen Margaret

The first of four diamond drill holes has begun at Queen Margaret for a total program of ~1,400m (Figure 1). This deeper drilling will be 50% funded (up to $138,000) under the WA Government Exploration Incentive Scheme (“EIS”).

Pre-WW1 mining at Queen Margaret (Figure 2) was focused on the high grade hangingwall contact of a mineralised felsic porphyry. To date, Black Cat drilling has focused on the unmined footwall to the historic workings which extend to ~240m below surface (Figure 3). This will be the deepest drilling ever at Queen Margaret, testing 60m below the old workings.

In addition, shallow geotechnical and metallurgical diamond holes (~480m) will also be drilled at Queen Margaret at the conclusion of the deeper drilling. The results of this drilling will be used for resource modelling.

The information contained has been prepared by third parties. No warranty of accuracy or reliability is given in relation to any advice or information contained in this document and no responsibility for any loss or damage whatsoever arising in any way for any representation, act or omission, whether express or implied (including responsibility to any persons by reason of negligence), is given by DJ Carmichael Pty Limited or any officer, agent or employee of DJ Carmichael Pty Limited.