Diminishing risk a major part of company's growth strategy as it expands on two fronts

摘要

With its Edna May gold mine in Western Australia expected to go into production this month - and exciting new discoveries confirmed nearby at the Golden Point prospect - it was perhaps surprising that Catalpa Resources Ltd's managing director Bruce McFadzean should speak of debt restructure as well as resource developments at a recent conference in Perth. Given the line-up of projects anticipated in the coming months, the capital raising and debt restructuring came at a good time for the company, and reflected an awareness of the need to operate conservatively in the midst of rapid development.