Catalyst Metals (CYL) AGM 2025 Presentation summary

Strategic progress and operational transformation

• Achieved significant progress in simplifying the asset portfolio and strengthening the balance sheet, building on the FY2024 foundation.

• Sequential strategy focused on operational turnaround, balance sheet improvement, and governance development has delivered tangible shareholder benefits.

• Divested Henty Gold Mine, acquired Old Highway Gold Project, and advanced the hub-and-spoke model at Plutonic.

• Elevated to ASX 300 and subsequently ASX 200 indices, increasing institutional ownership and liquidity.

• Board renewal and head office capability investments, including new CFO and Independent Non-Executive Director appointments.

Financial performance and capital management

• FY2025 group gold production was 108,018 oz, with revenue of A$453m, EBITDA of A$193m, and NPAT of A$119m.

• All-in sustaining cost (AISC) for FY2025 was A$2,317/oz, in line with guidance.

• Completed A$150m institutional placement and ended the year with A$230m in cash and bullion.

• Secured a new undrawn A$100m revolving credit facility post-year-end.

• Repaid debt and resolved legacy matters, supporting a strong balance sheet for growth.

Growth strategy and production targets

• Five-mine hub-and-spoke model at Plutonic aims to support 200,000oz annual production and 2Moz reserves over 10 years.

• Three mines (Plutonic, Plutonic East, Trident) currently in production; K2 and Old Highway advancing toward production.

• Reserve base doubled to 1.5Moz in September 2025, with a target of 2Moz supported by a A$90m exploration program.

• Production plan expects to lift grade and throughput, aiming for long-term AISC of ~A$2,000/oz.

• Exploration and development ramped up, with 13 drill rigs active and significant progress at Trident, K2, and Old Highway.