Planned developments to boost prospects

摘要

There are a number of factors at work which suggest Catalpa Resources Ltd is about to enter a significant growth phase as it consolidates its position in the domestic mid tier gold scene. Aside from the underground potential on offer at its one year-old Edna May operation in Western Australia, Catalpa's share in the Cracow mine in Queensland has become something of a cornerstone investment for the company. At least this was the opinion of Eagle Research Advisory Pty Ltd's Keith Goode who - in a note to punters issued during late March - suggested the life of Cracow may be increased from two to 10 years through exploration.