NEGOTIATIONS with the State Government by Catalyst Metals for approval to construct an exploration tunnel at its Four Eagles project continue.
The company first flagged plans more than two years ago.
A spokesman said last week: “We are continuing to meet regularly and work with the Victorian Government on approvals for the exploration tunnel.”
Ongoing talks come as Catalyst started drilling at the Cunneen’s prospect late last year. 
“An air core rig and diamond drill rig were mobilised to site, and a second diamond drill rig was planned to be mobilised in the new year,” the spokesman said.
“Diamond drilling will be focussed on following up previously identified shallow results from air core drilling. The objective of this program is to identify potential analogues of the high-grade Iris Zone as reported in June 2023.”
He said an air core and diamond drilling program is scheduled at Tandarra later this year.
Catalyst last week announced the sale of its  the Henty Gold Mine in Tasmania to ASX-listed Kaiser Reef Limited.
The sale comes with a 12-year option to acquire 50 per cent interest in a Bendigo processing plant, 100km from the Four Eagles gold project at Mitiamo.
The company said the option “secures a processing solution, and a future, for Catalyst’s Four Eagles gold project in Victoria in order to create value for our shareholders in an asset that was not being valued by the broader market”.
“There are a number of challenges to operating in Victoria. By entering into this option agreement, Catalyst has, for no cost, solved one of these.”