Catalyst Metals (CYL) Noosa Mining Investor Conference summary

Strategic vision and operational focus

• Consolidated five deposits in Western Australia, enabling centralized processing at Plutonic and supporting a simplified business model.

• Aims to double production from 100,000 to 200,000 ounces and reserves from 1 million to 2 million ounces, leveraging underutilized mill capacity.

• $330 million in liquidity and no debt support aggressive drilling, development, and growth plans.

• Recent sale of a Tasmanian mine sharpened focus on Western Australia, with operations in both Western Australia and Bendigo, Victoria.

• Two large gold belts form the basis for long-term organic growth, supported by a strong balance sheet and stable operating cashflows.

Project development and exploration

• Three new mines under development: Trident (all approvals in place), Plutonic East (ramping up), and K2 (rehabilitation progressing), with Old Highway and Baltic also advancing.

• Trident is under active drilling with 10 rigs and open pit mining has commenced.

• Old Highway acquisition adds 206koz resources and is subject to a 42,000m drill program targeting mine life extensions and new zones.

• Extensive drilling and resource conversion underway at Plutonic Main, K2, Trident, and Old Highway to extend mine life and support future production.

• Aspirational goal to sustain 200koz annual production for 10 years, contingent on further exploration and resource conversion.

Financial performance and reinvestment

• Generated $42 million in operating cash flow, with $22 million reinvested in surface exploration.

• Maintains a cost of production around $2,300 per ounce, with FY25 AISC at A$2,317/oz.

• Quarterly and FY25 results met guidance, reflecting operational stability.

• Capital structure as of June 2025 includes A$1.3bn market cap, A$230m cash and bullion, and a pro-forma enterprise value of A$1.0bn.

• A$150m institutional placement completed to fund growth and mine development.