Edna May still on track for mid 2010

摘要

EMERGING MID TIER gold producer Catalpa Resources Ltd is looking to acquire a third project in two to three years time and grow its business into a 250,000 ounce per annum money machine. Speaking recently at a mining conference in Sydney, Catalpa managing director Bruce McFadzean said the company was forecast to generate 80 million dollars a year in cash operating margins from 2010 at its Edna May mine in Western Australia (100,000 ozpa) and Cracow operation (30,000 ozpa) in Queensland.