Black Cat Syndicate (BC8) investor relations material

Strategic Overview and Financial Position

• Achieved a 100,000oz annual gold production run rate, with AUD 92 million in cash, no debt, and no hedging.

• High-grade resources total 2.5Moz at 2.7g/t Au, supporting a strong balance sheet and internal cash generation.

• Market capitalization reached $656M with 729M shares on issue as of July 2026, reflecting a 19% CAGR in share price since IPO.

• Focused on high-grade, profitable ounces from self-managed operations and disciplined, milestone-gated growth.

• Board and management team have extensive experience in resources, capital markets, and operational delivery.

Operational Updates and Recent Discoveries

• Paulsens mine restarted in 2024, repaid acquisition capital, is cash flow positive, and has 3.1 million tons at 5.5 g/t in resources.

• Two significant new gold discoveries at Paulsens (Regulus and Lynx) with high-grade intercepts and rapid development.

• Belvedere deposit near Paulsens identified with 30,000 ounces at 6.6 g/t, with further drilling planned.

• Kal East expanded through acquisitions, with processing upgrades underway and new resource growth at Trojan.

• Mt Clement upgraded antimony resource, leveraging Paulsens infrastructure, positioned as one of Australia’s largest high-grade antimony deposits.

Multi-hub Production and Development Pipeline

• Operates three main hubs: Paulsens (high-grade underground), Kal East (open pit and underground), and Coyote (development-stage high-grade asset).

• Kal East hub includes Lakewood Mill (1.2 Mtpa), Majestic underground, and Fingals open pit, with a combined 22 million tons at 1.9 g/t resource.

• Majestic mine ramping up, currently producing at 3–3.5 g/t, with further expansion planned.

• Fingals open pit supplies majority of Lakewood feed, with plans for further drilling and potential underground development.

• Additional resources at Imperial and Trojan pits to extend mine life and production.