A process for the preparation of a catalyst or catalyst precursor, comprising the steps of: (a) admixing: (i) a catalytically active metal or metal compound (ii) a carrier material (iii) a gluing agent; and (iv) optionally one or more promoters, and/or one or more co-catalysts; (b) forming the mixture of step (a); and (c) drying the product of step (b) for more than 5 hours at a temperature up to 100 C to form the catalyst or catalyst precursor. The catalyst material mixture does not need to be calcined after forming to achieve the required minimum strength for use in a suitable reaction, such as Fischer Tropsch.