Overview
Elemental’s Paulsens royalty covers the Northern Anticline area of the Paulsen Gold Operation, including the Merlin deposit. Paulsens is 100% owned by Black Cat Syndicate and located in Western Australia, 190km west of Paraburdoo.
Paulsens is situated within the Neerambah Complex of the Lower Proterozoic Wyloo Group, on the southern margin of the Diligence Dome. Mineralization at Paulsens is typical WA orogenic gold, but some areas including Merlin are considered to have characteristics of sediment-hosted Carlin-style gold.
The Ashburton Basin shares several similarities with the Carlin trend of the Great Basin, Nevada. The region around Paulsens has been historically underexplored, with modern exploration delineating four main prospect areas along 15km of strike of the Paulsens Structural Corridor. The main gold-bearing fault in this corridor is the Hardey Fault, which is the focus of operations at the Paulsens Underground Mine.
The Northern Anticline property was acquired by Black Cat Syndicate in 2022 and incorporated into the Paulsens Project. Merlin represents a potential future ore source at Paulsens and shows indications of Carlin-style mineralization, with thick low-grade intersections in calcareous sediments, and locally concentrated higher-grade veins associated with cross-cutting faults that overprint the Northern Anticline structure.
A Restart Study completed by Black Cat Syndicate in May 2024 includes the potential for Merlin to be incorporated into the near-term mining scheduling.
Cornerstone assets
