Catalyst Metals Limited · ASX:CYL
Catalyst Metals — RIU Conference (May 2024)
34 slides from Catalyst Metals's conference presentation, May 2024
Slide 1: Stabilising Operations & Paving the Path for Growth
Stabilising Operations & Paving the Path for Growth CORPORATE PRESENTATION May 2024 ASX:CYL catalystmetals.com.au
Slide 2: Catalyst Summary and Timeline
Catalyst Summary and Timeline History Current Future In the last three years, In the last nine months, Catalyst has turned Catalyst plans to increase its through acquisitions, Catalyst has around two operating gold mines – Plutonic annual gold production to +200koz2 matured from explorer to and Hent
Slide 3: The Catalyst Asset Portfolio
The Catalyst Asset Portfolio Controls three Australian gold belts, driving an attractive organic growth pipeline Group Production Group AISC ~110koz pa1 $2,436oz1 OPERATING OPERATING EXPLORATION Plutonic Gold Mine Henty Gold Mine Bendigo Western Australia Tasmania Victoria Production: ~85koz pa1 Pro
Slide 4: Corporate Overview
Corporate Overview APPENDICES Capital Structure Board of Directors Share Price (3 May 2024) $0.87 David Jones AM Robin Scrimgeour Shares on Issue 222m Non-Executive Chairman Non-Executive Director Market Capitalisation A$193m James Champion de Crespigny Bruce Kay Managing Director & CEO Non-Executiv
Slide 5: Plutonic Gold Mine
WESTERN AUSTRALIA Plutonic Gold Mine Operating
Slide 6: Consolidation Completed
Consolidation Completed Plutonic Gold Belt PHB K2 Hub & Spoke Strategy Production increasing, Trident 508koz @ 3.7g/t High Grade Resource 107koz @ 8.9g/t Consolidation allows regional development projects to be processed at costs falling Trident Cinnamon currently under-utilised, central Operational
Slide 7: What we have been doing since July 2023
What we have been doing since July 2023 PLUTONIC GOLD MINE Step change in Plutonic operations Understand Focus on Re-investment Cleaning up the Resource Execution acquired companies • Re-estimation of • New management team • 9 new items of • $15m debt repaid; $13m Plutonic Resource equipment working
Slide 8: Gold production up 38%; stoped tonnes mined up 46%
Gold production up 38%; stoped tonnes mined up 46% PLUTONIC GOLD MINE Step change in Plutonic operating performance under Catalyst Catalyst took control of Gold Produced +38% Average Plutonic on 1 July 2023 20koz Since then, there has been a deliberate step change in performance Average 14koz Stope
Slide 9: Processing up 41%; Development metres up 25%
Processing up 41%; PLUTONIC GOLD MINE Development metres up 25% Step change in Plutonic operating performance under Catalyst Development Metres +25% Average • Plutonic mill capacity 1.8Mtpa 2,194m • Current run rate 1.3Mtpa Average 1,754m • 0.5Mtpa capacity available for growth projects Tonnes Proce
Slide 10: Production drilling up 64%; Total material movement up 42%
Production drilling up 64%; PLUTONIC GOLD MINE Total material movement up 42% Step change in Plutonic operating performance under Catalyst Total Material Movement +42% Average 406kt Production drilling has increased due to: Average 286kt • Drilling larger stopes • Lower rig movement/repositioning Q1
Slide 11: Plutonic's quarterly results
Plutonic’s quarterly results AISC reflects capital investments and non-recurring items Physicals Sept 2023 Dec 2023 Mar 2024 • Higher production to drive lower unit costs Ore Mined Tonnes 292,447 312,849 317,746 Milled Tonnes Tonnes 291,194 302,126 340,960 • AISC expected to fall as historical figur
Slide 12: Impacts of declining unit costs
Impacts of declining unit costs As unit costs reduce, new areas of the mine become economic Plutonic unit cost $/t (3-month rolling average) Lower unit costs drive: Cut-off grade (COG) at 1. Greater profitability from mined tonnes; and acquisition 2.7g/t 2. Potential to increase Reserves by introduc
Slide 13: Investing in and standardizing fleet
Investing in and PLUTONIC GOLD MINE standardizing fleet Pre-Catalyst Catalyst 20 20 Focussing on increasing reliability and standardising fleet Fleet size Fleet size Step change in KPI’s without increasing fleet size Equipment investment includes CYL has standardised fleet to 100% Sandvik: ASX:CYL 6
Slide 14: Consequences of the step change in Plutonic's performance
Consequences of the step change in Plutonic’s performance
Slide 15: $30m generated from group operations over nine months
$30m generated from group operations over nine months Operational cash flows expected to continue, building future cash reserves $30m operational cashflows generated after Used to pay non-recurring costs such as debt, capex and corporate costs. Operational legal settlements, inherited creditors, Tri
Slide 16: Repaying debt; cleaning up the capital structure
Repaying debt; cleaning up the capital structure Catalyst is generating operating cashflows to repay debt Nine months operational cashflows of A$30m 9-Month Financial Results 9 months 12 months (after all site capital and corporate costs) Mar-242 Jun-23 Revenue A$m 230 64 EBITDA A$m 56 (1) Repaid $1
Slide 17: Improving the capital structure
Improving the capital structure Unproductive debt repaid, equipment finance secured on attractive terms Catalyst inherited considerable debt when Mar 20241 it consolidated the Plutonic operations Convertible Note A$m 3 Gold Loan2 A$m 10 42% of this debt repaid in just nine months Working Capital Fac
Slide 18: Plutonic Gold Belt Project Pipeline
WESTERN AUSTRALIA Plutonic Gold Belt Project Pipeline
Slide 19: Fractured historical ownership creates attractive exploration opportunity
Fractured historical ownership creates attractive exploration opportunity PLUTONIC GOLD MINE Plutonic ownership – never consolidated under Australian ownership with a dedicated exploration team with access to capital Historically high quality deposits: Plutonic Main Pit produced 2.5Moz1; Timor UG zo
Slide 20: In-mine exploration planned at Plutonic's Western Front
In-mine exploration planned at Plutonic’s Western Front Drilling platforms in development at the Western Front CASPIAN INDIAN BALTIC ASX:CYL Exploration objective ~100koz Cost A$4.8m 20 200m of development already completed 20
Slide 21: Plutonic East – currently assessing near term production opportunity
Plutonic East – currently assessing near term production opportunity All approvals in place to recommence mining, dewatering underway, drilling program commencing Q2 CY2024; study to follow Big Fish Historical production of 137koz at 5.3g/t1 ASX:CYL Average underground production of ~30koz per annum
Slide 22: Trident – near term development project
Trident – near term development project; all infrastructure in place Studies focussed on optimisation and minimising execution risk Trident – 508koz @ 3.7g/t Au ASX:CYL Study considerably advanced; undergoing optimization A$4m expended to date All historical technical work being updated 22 Approvals
Slide 23: Stage 1 exploration program commencing
Stage 1 exploration program commencing A$7m program targeting high Stage 1 exploration priority prospects program 2024 Commencing July 2024 Drilling and optimization results to be released throughout 2024 Aim of the program is: Converting inferred MRE to indicated ASX:CYL Identifying new prospects F
Slide 24: Henty Gold Mine
TA S M A N I A Henty Gold Mine Operating
Slide 25: Henty Gold Mine
Henty Gold Mine Historical production of 1.4Moz at 8.9g/t1, located in a world class mineral province Learnings from Plutonic turnaround being applied at Henty Investments and cost reduction initiatives, reflected in improved operating results ASX:CYL 25 25 (1) Sourced from Henty historical producti
Slide 26: Henty: Second quarter results demonstrating improvement
Henty Second quarter results demonstrating improvement Learnings from Plutonic being Oct Nov Dec Jan Feb Mar applied at Henty Development metres m 311 330 363 313 311 385 Total material movement t 32,443 31,553 33,673 36,588 35,595 44,064 Improvements evident in second quarter results – mining and T
Slide 27: Bendigo
VICTORIA Bendigo Exploration
Slide 28: Bendigo
Bendigo 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 Refer to inset Progressing a
Slide 29: Four Eagles Gold Project – Boyd's Dam Prospect
Four Eagles Gold Project – Boyd’s Dam Prospect 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 29 29 (1) JORC Resource Announcement 15 June 2023 “Maiden Mineral Resource at Four Eagles project”
Slide 30: Appendix 1: Group Reserves and Resources
Appendix 1: Group Reserves and Resources Reserves Proven Probable Total Ore Reserve Tonnes (Mt) Grade (g/t Au) Ounces (koz) Tonnes (Mt) Grade (g/t Au) Ounces (koz) Tonnes (Mt) Grade (g/t Au) Ounces (koz) Henty1 - - - 1.0 3.6 115 1.0 3.6 115 Plutonic 3 - - - 5.2 2.9 490 5.2 2.9 490 Group Total - - -
Slide 31: Important Notices
Important Notices IMPORTANT NOTICE AND DISCLAIMER This investor presentation (the Presentation) is dated 11 September 2023. It has been prepared by Catalyst Metals Limited (ASX: CYL) (Catalyst or the Company). SUMMARY INFORMATION This Presentation contains summary information about Catalyst its resp
Slide 32: Disclaimers
Disclaimers SCIENTIFIC AND TECHNICAL INFORMATION General Unless otherwise indicated, all scientific and technical information relating to (i) the Bendigo Project is based on and derived from the technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Min
Slide 33: Compliance Statements
Compliance Statements JORC CODE It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). Investors outside Austr
Slide 34: Contact
Contact James Champion de Crespigny Managing Director & CEO Catalyst Metals E: admin@catalystmetals.com.au T: +61 8 6107 5878 Fiona Marshall Strategic Communications White Noise Communications E: fiona@whitenoisecomms.com T: +61 400 512 109