Sandfire Sells Old Highway Gold Project to Catalyst for $32.5M

Konrad Forrest
Catalyst Metals

8 May 2025 | West Perth, WA – Sandfire Resources (ASX:SFR) has announced the sale of its Old Highway Gold Project to Catalyst Metals (ASX:CYL) for $32.5 million, under a binding Sale and Purchase Agreement finalised this week.

Located just 20km west-south-west of Sandfire’s DeGrussa Copper-Gold Mine in Western Australia, the Old Highway Project has been extensively drilled and studied over the past few years. The deal includes:

  • A $2.5 million cash deposit, and

  • A $30 million final payment on completion

The agreement also includes a cooperative transfer of the DeGrussa aerodrome to Catalyst, while ensuring Sandfire retains necessary access for its future operations.

Sandfire CEO Brendan Harris said:

“This sale increases the likelihood of future development at Old Highway and creates opportunities for local stakeholders. It also helps offset DeGrussa rehabilitation costs as we transition the site.”

Completion of the transaction is subject to standard regulatory and third-party approvals, including Ministerial consent and permit transfers under the Rights in Water and Irrigation Act.

For more information, visit sandfire.com.au