Catalyst Metals (CYL) Mining Forum Americas 2026 summary

Strategic milestones and achievements

• Achieved 2 million ounces of gold reserves, marking a significant milestone after years of growth and transformation from a micro-cap explorer to an ASX 200 producer.

• Built a resource base of approximately 5 million ounces, with board and management holding about 5% equity.

• Transitioned from exploration-focused to a business model prioritizing risk management and shareholder returns.

• Consolidated assets in Western Australia, notably the Plutonic belt, and divested non-core assets like Henty to focus on core operations.

• Raised significant capital and established a strong balance sheet, enabling operational independence from market cycles.

Operational developments and production strategy

• Increased gold production by 46% following operational turnaround at Plutonic, leveraging lessons from previous smaller mines.

• Developed a hub-and-spoke model at Plutonic, targeting a 10-year mine life and integrating multiple deposits.

• Achieved competitive reserve replacement costs (AUD 100–120/oz) and prioritized high-grade reserves.

• Six deposits now support the 2 million ounce reserve, providing risk mitigation and production flexibility.

• Strategy centers on maximizing mill utilization by ensuring abundant ore feed from multiple sources.

Exploration success and future growth

• Significant discoveries at Trident and Cinnamon have doubled and tripled reserves, respectively, with further upside expected.

• Cinnamon deposit evolved from low-grade open pit to a high-grade source, now contributing 40,000–50,000 ounces per year.

• Ongoing exploration along the belt aims to further extend mine life and resource base.

• Focus for the next 12 months is on developing new deposits and ramping up production.

• Clear strategy to reach 200,000 ounces annual production within two years, leveraging existing infrastructure and ore sources.