Catalyst Metals (CYL) 2025 Precious Metals Summit - Beaver Creek summary

Key announcements and strategic updates

• Doubled reserves in the Plutonic Gold Belt over the past year, now at 1.5 million ounces, with a 10-year mine life plan in place.

• Secured a $100 million undrawn working capital facility and raised $150 million in equity, strengthening liquidity to $300 million.

• Targeting an increase in production from 100,000 to 200,000 ounces annually, with a focus on bringing new deposits like Trident, K2, and Old Highway into production.

• Allocated $90 million for exploration this year to support reserve growth toward a 2 million ounce target.

• Fast-tracking permitting and development at multiple sites, leveraging an experienced team for efficient project execution.

Operational performance and outlook

• Current production steady at 100,000 ounces, with all-in sustaining costs between $2,200 and $2,600 per ounce.

• Trident open pit has commenced mining, with resource grade increased to over six grams per tonne and significant near-surface potential.

• K2 and Old Highway projects are being rapidly advanced, with drilling and permitting underway to extend mine life and resource base.

• Exploration efforts are focused on both expanding existing resources and discovering new high-grade zones across the belt.

• The company is leveraging a centralized processing facility to optimize operations across multiple deposits.

Financial position and growth strategy

• Balance sheet transformed from a weak position to strong liquidity through cash generation, equity raising, and new debt facility.

• Strategic consolidation of the Plutonic Gold Belt has enabled capital deployment for reserve expansion and operational improvements.

• The business is valued at $2 billion, with an enterprise value of $1.8 billion.

• Focused on sustainable growth through disciplined capital allocation and exploration-driven resource growth.

• Aims to deliver long-term value by increasing reserves, production, and mine life across its Western Australian assets.