Catalyst Metals (CYL) Investor Presentation summary

Reserve growth and production targets

• Reserves doubled year-on-year to 1.5Moz, supporting a 200koz per annum production rate for over 10 years, with a target to reach 2Moz in reserves through ongoing exploration and development.

• Group resources stand at 4.2Moz at 3.2g/t, with a strong focus on organic growth from two large gold belts.

• A $90m exploration budget is allocated for FY26 to drive reserve growth and extend mine life.

Operational and financial performance

• FY26 gold production is forecast at 100-110koz, up 28% from the previous year, with new mines ramping up and production weighted toward the latter half of the year.

• All-in sustaining costs (AISC) are expected to range from A$2,200 to A$2,650/oz, with ongoing efforts to lower long-term costs to around A$2,000/oz.

• The balance sheet remains strong, with A$230m in cash and bullion, no drawn debt, and available liquidity of A$330m including undrawn facilities.

Asset portfolio and development projects

• The Plutonic Gold Belt is the flagship asset, featuring multiple mines feeding a central processing plant, with a plan to fill underutilized mill capacity and achieve steady-state production.

• Key projects under development include Trident, K2, and Old Highway, each targeting 10-year mine lives through resource conversion and exploration.

• The Bendigo Gold Belt project is advancing, with high-grade resources and a secured processing solution, focusing on exploration tunnel approval and resource growth.