Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Investor Presentation (September 2024)
35 slides from Catalyst Metals's investor presentation, September 2024
Slide 1: Renewing the Plutonic Gold Belt
Renewing the Plutonic Gold Belt Building a stable foundation for the Company’s future Corporate Presentation September 2024 ASX:CYL catalystmetals.com.au
Slide 2: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Capital Structure Board of Directors Share Price (6 September 2024) $2.17 David Jones AM Robin Scrimgeour Shares on Issue 226m Non-Executive Chairman Non-Executive Director Market Capitalisation A$490m James Champion de Crespigny Bruce Kay Managing Director
Slide 3: Brief History of Plutonic Gold Mine
Brief History of PLUTONIC GOLD MINE Catalyst Average 21koz Average 14koz • Plutonic previously known in North America via previous owners Superior Gold Inc. Average 313kt • Catalyst acquired TSX listed Superior Gold Average 213kt in July 2023 • Since then, Catalyst has significantly changed operatio
Slide 4: Catalyst's Asset Portfolio
Catalyst’s Asset Portfolio CATALYST METALS LIMITED Two operating gold mines, controlling three Australian gold belts, driving an attractive organic growth pipeline Group AISC Group Reserves A$2,338oz1 Group Production Cash and Bullion US$1,559oz5 1.0Moz @ 3.0g/t2 110koz pa1 A$44m (Unhedged, selling
Slide 5: A Stable Operating Platform Funding Organic Growth Along the Belt
P LU T O N I C G O L D B E LT A Stable Operating Platform Funding Organic Growth Along the Belt
Slide 6: Plutonic Gold Mine
Plutonic Gold Belt 40km Haul PLUTONIC GOLD MINE Road A neat, compact site with self contained logistics and all necessary infrastructure, simplifying its management Hub & Spoke Strategy Central infrastructure allows regional development projects to be processed at currently under-utilised, processin
Slide 7: What we have been doing since taking ownership of Plutonic
What we have been doing since taking ownership of Plutonic in July 2023 PLUTONIC GOLD MINE Step change in Plutonic operations Focus on execution Re-investment and balance sheet repair • New management team • A$28m debt repaid; A$13m working capital improvement • Focus on small set of key KPI’s • 10
Slide 8: What we have been doing since taking ownership of Plutonic
What we have been doing since taking ownership of Plutonic in July 2023 PLUTONIC GOLD MINE Catalyst acquired Superior Gold, owner of Plutonic on 1 July 2023 40–50% Total Material Moved Average 415kt Stoped Tonnes +47% Average 258kt +45% Improvement in mine performance Average 286kt Average 176kt ∼46
Slide 9: 105% Reserve growth in months
105% Reserve growth in 12 months CATALYST METALS LIMITED Reserve base underpins three-year growth plan 1Moz Group Reserves1 at September 2024 105% Reserve Growth 0.5 Moz Increase in Reserves after depletion Production 1.0 Moz 0.1 Moz 0.6 Moz ASX:CYL 9 Sept 2023 Sept 2024 9 (1) Group Reserves include
Slide 10: Doubling Plutonic's Production for A$31 million
The value of existing infrastructure PLUTONIC GOLD MINE Doubling Plutonic’s Production for A$31 million1 Plutonic mill throughput (quarterly) 1 Processing plant – latent capacity • 1.8 Mtpa plant, currently operating at 1.25Mtpa 2 Infrastructure lowers future capital Throughput (tonnes) requirements
Slide 11: Doubling Plutonic production for A$31m
Doubling Plutonic production for A$31m Developing three new mines in 12-18 months
Slide 12: Three-year plan
Three-year plan1 PLUTONIC PROJECT DEVELOPMENT 1Moz Reserve lays foundation for increasing production 180-220 2,700 $2,555 200 AISC 2,600 1Moz Trident Gold prodn (koz) $2,300 - $2,500 140-165 2,500 AISC Reserve 150 2,400 K2 110 105-120 2,300 Plutonic East No new 100 2,200 mill capacity $2,100 - $2,30
Slide 13: Developing four underground areas in next 12-18 months
Developing four underground areas in next 12-18 months PLUTONIC PROJECT DEVELOPMENT Focus on the next 12-18 months is opening up four new areas 1 Plutonic in-mine 3 K2 • 7-year mine life; 85koz pa gold 40km haul road • First ore 2H FY2025 • 9 new areas identified adjacent to existing 3 workings • St
Slide 14: Plutonic's 7-year mine (and growing)
1 Plutonic’s 7 year mine (and growing) CATALYST METALS LIMITED 7.2Moz1 gold mineral endowment to date PLUTONIC OPEN PIT • 7-year mine life on Reserves Past prod. (1990 – 2005) Zone A Mined approx. 2Moz • A$9m committed to drilling out virgin areas to Reserve status Zone B • Virgin areas in close pro
Slide 15: Moving Plutonic into virgin areas – Zone F
1 Moving Plutonic into virgin areas – Zone F CATALYST METALS LIMITED Low discovery cost, low capital cost, known production costs Planned stopes ASX:CYL • Drilling commenced - A$1.5m to drill to Reserve status • Exploration target 30-45koz • Low est. discovery cost of A$55/oz – A$35/oz 15 • Adjacent
Slide 16: Plutonic East – rapidly progressing to first ore
2 Plutonic East – rapidly progressing to first ore PLUTONIC PROJECT DEVELOPMENT Start up costs of A$6 million April 2024 Dewatering commences June 2024 Dewatering progress July 2024 Mine starter pack installed July 2024 Rehabilitation commences August 2024 Surface drilling of first ore zones ASX:CYL
Slide 17: Plutonic East Reserves and Resources
Plutonic East Reserves and Resources2 2 Plutonic East extensions Category Tonnes (Mt) Grade (g/t) Ounces (Koz) CATALYST METALS LIMITED Total Reserves 0.5 2.5 36 Last mined at gold price of A$750/oz, opportunity to extend mine life beyond 3 year mine life Total Resources 2.2 2.5 182 1 Big Fish 1 Expl
Slide 18: K2 – new mine with exploration potential
3 K2 – new mine with exploration potential PLUTONIC PROJECT DEVELOPMENT Current LOM is 3 years at 18koz pa 1 5m @ 12.5g/t 8m @ 13.4g/t ASX:CYL 9m @ 10.3g/t 4m @ 27.8g/t 18 • First ore H2 2025 K2 Reserves and Resources2 Category Tonnes (Mt) Grade (g/t) Ounces (Koz) • $10m startup costs Total Reserves
Slide 19: Trident
4 Trident CATALYST METALS LIMITED ASX:CYL 19 Trident Reserves and Resources1 • +5 year mine life2 Category Tonnes (Mt) Grade (g/t) 16Ounces (Koz) • Average 37koz pa2 Total Reserves 1.3 4.4 188 Total Resources 4.6 3.6 524 • $15m pre-production capital2 19 (1) Resources sourced from CYL announcement 8
Slide 20: Exploration across the Plutonic Belt
Exploration across the Plutonic Belt
Slide 21: Exploration – Overthrust Corridor
Exploration – Overthrust Corridor CATALYST METALS LIMITED New exploration approach to an historically underexplored but prolific corridor • Overthrust corridor – structural corridor hosting Plutonic, Plutonic East, Trident, K1 and K2 deposits • 20,000m reconnaissance RC program of 125 holes, 800m x
Slide 22: Exploration – Cinnamon corridor
Exploration – Cinnamon corridor CATALYST METALS LIMITED Drilling successful below 100m, however remains under drilled • Exploration corridor along strike from Cobalt and Budgie remains open and hosts similar geology • Limited drilling at depth within, and along strike from Cinnamon corridor 119koz a
Slide 23: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6107 5878 Fiona Marshall Strategic Communications White Noise Communications E: fiona@whitenoisecomms.com T: +61 400 512 109
Slide 24: Appendices
LX sataivst Appendices
Slide 25: Henty Gold Mine
LX sataivst METALS LTD TASMANIA Henty Gold Mine
Slide 26: Henty Gold Mine
Henty Gold Mine CATALYST METALS LIMITED Historical production of 1.4Moz at 8.9g/t1, located in a world class mineral province Ore Reserve of 154koz2 underpins +5 year mine life Investments and cost reduction initiatives, reflected in improved operating results ASX:CYL 26 26 (1) Sourced from Henty hi
Slide 27: Henty exploration
Henty exploration CATALYST METALS LIMITED Targeting new, clean ore zones to de-risk Henty production Darwin Target Zone ASX:CYL 27 27
Slide 28: Henty exploration – Darwin extension
Henty exploration – Darwin extension CATALYST METALS LIMITED First exploration in 20 years 1.4Moz system System would not just end, displacement more likely New exploration drive completed to commence targeting Darwin extensions ASX:CYL 28 28
Slide 29: Bendigo Exploration
VICTORIA Bendigo Exploration
Slide 30: Bendigo
Bendigo CATALYST METALS LIMITED Immediately along strike from 22Moz Bendigo Goldfields JORC resource1 Significant landholding immediately north of Iris Zone 70koz @ 26g/t historic 22Moz Bendigo goldfields Boyd’s Dam 93koz @ 5g/t Joint venture with Hancock Prospecting at Four Eagles Gold Project Refe
Slide 31: Four Eagles Gold Project – Boyd's Dam Prospect
Four Eagles Gold Project – Boyd’s Dam Prospect CATALYST METALS LIMITED High grade maiden resource at Boyd’s Dam and Iris Zone JORC resource1 Iris Zone 70koz @ 26g/t Boyd’s Dam 93koz @ 5g/t ASX:CYL 31 31 (1) JORC Resource Announcement 15 June 2023 “Maiden Mineral Resource at Four Eagles project”
Slide 32: Group Reserves and Resources
Group Reserves and Resources APPENDICES Reserves Proven Probable Total Ore Reserve Tonnes (kt) Grade (g/t Au) Ounces (koz) Tonnes (kt) Grade (g/t Au) Ounces (koz) Tonnes (kt) Grade (g/t Au) Ounces (koz) Plutonic Underground5 - - - 7,448 2.6 616 7,448 2.6 616 Plutonic East Underground5 - - - 456 2.5
Slide 33: Disclaimers
Disclaimers EXPLORATION TARGETS Methodology Exploration targets for Plutonic Main were generated as follows: • Each exploration area used an adjacent portion (with similar scale extents) of the 2023 Plutonic MRE as a proxy for total mineralization endowment. • As Plutonic is a stacked lode system, e
Slide 34: Disclaimers
Disclaimers FUTURE PERFORMANCE AND FORWARD-LOOKING STATEMENTS Some statements in this Presentation regarding estimates or future events are forward-looking statements. They include indications of, and guidance on, future matters. Forward-looking statements include, but are not limited to, statements
Slide 35: Important Notices
Important Notices IMPORTANT NOTICE AND DISCLAIMER This investor presentation (the Presentation) is dated 17 July 2024. It has been prepared by Catalyst Metals Limited (ASX: CYL) (Catalyst or the Company). SUMMARY INFORMATION This Presentation contains summary information about Catalyst its respectiv
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