Catalyst Metals (CYL) Corporate Presentation summary

Company overview and recent performance

• Transitioned from explorer to +100koz gold producer in three years through acquisitions and operational turnarounds.

• Achieved full-year group production of 110koz with group AISC of A$2,338/oz, selling unhedged at spot prices.

• Strong cash generation with A$54m operating cashflow and A$37m cash and bullion as of June 2024.

• Repaid A$28m of A$36m debt, maintaining available liquidity and unhedged gold sales.

• Market capitalization stands at A$398m with an enterprise value of A$374m.

Asset portfolio and growth strategy

• Controls three Australian gold belts: Plutonic (WA), Henty (Tasmania), and Bendigo (Victoria).

• Group reserves total 793koz @ 3.3g/t and resources 3.5Moz @ 2.9g/t (JORC), plus 0.2Moz @ 1.4g/t (NI 43-101).

• Focused on organic growth with plans to open four new underground mines in the next 12–18 months, targeting +200koz annual production.

• Existing infrastructure, including a 1.8Mtpa processing plant and extensive underground development, enables rapid project ramp-up.

• Hub-and-spoke strategy leverages underutilized central processing to support regional mine developments.

Plutonic gold belt (Western Australia)

• Annualized production of ~85koz with AISC of A$2,291/oz and processing capacity of 3Mtpa (1.8Mtpa operational).

• Operational improvements post-acquisition led to a 46% increase in gold output and 40–50% improvement in mine performance.

• Four near-term underground projects: Plutonic in-mine, Plutonic East, K2, and Trident, all leveraging existing declines and infrastructure.

• Trident project targets first production in 2025, with a 5.5-year LOM, 37koz average annual output, and AISC of A$1,583/oz.

• Exploration across the belt highlights significant resource upside, with multiple high-grade drill intercepts and large mineralized systems.