Catalyst in talks for Vango takeover

Western Australian company Catalyst Metals has flagged a takeover of Vango Mining, confirming it was already in talks to acquire the Sydney-based gold explorer.

The Subiaco-based explorer today announced on the ASX that it was in confidential discussions with Vango Mining over a potential combination transaction with Catalyst as the acquirer.

“However, as no transaction has been agreed and the discussions are ongoing, Catalyst is not yet in a position to provide further details," the company said.

“There is no certainty that the discussions will lead to a transaction being agreed. Catalyst will keep the market informed in accordance with its continuous disclosure obligations."

Catalyst Metals owns a 90 per cent interest in the Minnie Creek project, which covers 872 square kilometres of land in the Upper Gascoyne region of Western Australia.

Vango Mining, based in Sydney, is focused on the exploration and development of its Plutonic Dome Gold project in WA's Mid West.

Both Catalyst Metals and Vango Mining are in a trading halt from today.