Black Cat Syndicate (BC8) Diggers & Dealers Mining Forum 2026 summary

Leadership and Industry Context

• New managing director brings extensive operational and financial expertise from global mining roles.

• Emphasized gold's historic and ongoing importance to Australia's economy and wealth.

• Highlighted consistent shareholder returns of 19% per annum since listing, with a 19% CAGR in share price since IPO.

Strategic Growth and Operational Highlights

• Transitioned from explorer to multi-hub gold producer, remaining debt-free and unhedged with $105M in cash and liquid investments as of June 2026.

• Achieved FY26 gold production of 90,833oz, with a market capitalization of $656M at $0.90/share.

• Proven ability to acquire, develop, and operate assets efficiently, focusing on cash generation and capital-efficient growth.

• Maintains a disciplined, milestone-gated development approach, targeting assets supporting over 100koz per annum for 7+ years.

• Commitment to updating stakeholders on progress over the next three to five years.

Asset Portfolio and Operational Performance

• Operates three main hubs: Paulsens (high-grade underground), Kal East (open pit and underground), and Coyote (development-stage high-grade asset), all 100% owned.

• Holds a substantial resource base of 2.5Moz @ 2.7g/t Au and reserves of 330koz as of July 2026.

• Ongoing exploration and drilling programs are designed to grow resources and extend mine life across all assets.

• All assets are 100% owned, providing full operational and strategic control.

• Holds AUD 105 million in cash, supporting ongoing growth and expansion plans.