Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Diggers & Dealers 2026
23 slides from Catalyst Metals's conference presentation, August 2026
Slide 1: Building momentum behind a ten-year, stable operating centre
Diggers & Dealers Building momentum behind a ten-year, stable operating centre August 2026 A S X : CY L
Slide 2: Disclaimers
Disclaimers CATALYST METALS LIMITED IMPORTANT NOTICE AND DISCLAIMER This investor presentation (the Presentation) has been prepared by Catalyst Metals Limited (ASX: CYL) (Catalyst or the Company). SUMMARY INFORMATION This Presentation contains summary information about Catalyst its respective subsid
Slide 3: Disclaimers
Disclaimers CATALYST METALS LIMITED 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 no
Slide 4: Simple portfolio – two large strategic gold belts underpinning long-term organic growth
Simple portfolio – two large strategic gold belts underpinning long-term organic growth CATALYST METALS LIMITED Strong balance sheet and existing operations provide a strong foundation to achieve ±200koz production and ±2Moz Reserve targets Group Production (FY26A) AISC Cash Group Reserves Group Res
Slide 5: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Capital Structure (at 4 August 2026) Balance Sheet Share Price A$5.82 Shares on Issue 261m Cash Available Liquidity A$331m A$431m Market Capitalisation A$1.5bn (Incl. undrawn corporate revolving Cash and Bullion (at 30 June 2026) A$331m debt facility of A$1
Slide 6: The Plutonic Gold Belt
The Plutonic Gold Belt ±200koz pa of production for ±10 years
Slide 7: Plutonic Belt Overview
Plutonic Belt Overview CATALYST METALS LIMITED Considerable infrastructure allows for sustainable, organic growth at lower cost 40km Haul Road Plutonic Belt Strategy K2 Underground UG Mine 30km 3 Operating UG Reserves: 0.1Mt at 4.3g/t for 20koz 6 mines into 1 processing plant Mining rate: 150ktpa (~
Slide 8: Three years of investment, while building cash
Three years of investment, while building cash CATALYST METALS LIMITED A$150m cash build after A$250m re-investment to increase Reserves and double production Investment phase – A$150m cash build after: • ±A$133m in exploration ➔ Reserves increased from 0.5Moz to 1.5Moz • ±A$77m on Trident, K2 & Plu
Slide 9: 2026 Results (unaudited)
2026 Results (unaudited) Continuing to build cash after capital and exploration
Slide 10: FY26 full year results (unaudited)
FY26 full year results (unaudited) CATALYST METALS LIMITED Production and costs in-line with revised guidance • New ore sources lifting average underground grade • Annualised run-rate +125koz in Q4 of FY26 110koz 2.7 g/t 2.8 g/t 2.6 g/t 100koz 2.3 g/t 2.4 g/t 90koz 2.2 g/t 104koz 2.1 g/t 2.2 g/t 80k
Slide 11: Project development update
Project development update Targeting 10 year mine lives and ± 2Moz of Reserves
Slide 12: Historical investment in infrastructure
CATALYST METALS LIMITED Historical investment in infrastructure A$250m spent on mine development and infrastructure upgrades that is set to decline in coming years Central Processing Plant - Modern liners - New crushers Expanded Camp - 750 Rooms Upgraded power plant ASX:CYL Expanded Standardised ROM
Slide 13: Processing plant upgrades
Processing plant upgrades CATALYST METALS LIMITED Upgraded power plant, camp and ongoing processing plant upgrades Mill expansion optionality FY27 capex to upgrade back-end of Study underway processing plant - tails thickener, pumps, Board to assess FID post study pipes, elution circuit (additional
Slide 14: Trident development on track
Trident development on track CATALYST METALS LIMITED 20km Open pit complete, underground mine development progressing; 5g/t Reserve grade Plutonic processing plant Digesting upfront capital during current investment phase; capital expenditure to decline as mine enters production phase ASX:CYL Curren
Slide 15: Keilor (formerly K2)
Keilor (formerly K2) CATALYST METALS LIMITED First ore achieved – ramp up to commercial production underway 20km Haul road Plutonic processing plant Established new office, maintenance workshops and power Ongoing exploration continues to replace ASX:CYL and expand Reserves 15 K2 Reserves & Resources
Slide 16: Cinnamon drilling
Cinnamon drilling CATALYST METALS LIMITED Resource infill and extension drilling; Resource and Reserve update pending Plutonic processing plant ASX:CYL New discovery below planned open pit 16 Cinnamon OP Reserves & Resources Category Tonnes (Mt) Grade (g/t) Ounces (koz) 16 OP Reserves 1.3 1.5 65 OP
Slide 17: Old Highway – permitting; growing Reserves and Resources
Old Highway – permitting; growing Reserves and Resources PLUTONIC GOLD MINE Plutonic processing plant Targeting doubling of the current 4 year mine life at Main 250, which lies within a broader, untested, 4km strike Old Highway West Resource pending Main West Old Highway Main 250 Resource pending Un
Slide 18: Growing Reserves across the Belt
Growing Reserves across the Belt CATALYST METALS LIMITED Adding high-grade inventory • Growth target 2Moz – underwrites 200koz pa for 10 years1 Production 104koz Target Reserves after depletion Production 86koz 2025 Reserves after depletion Production 85koz 2024 Reserves 2023 2.0Moz 1.5Moz ASX:CYL 0
Slide 19: Catalyst beginning to prove itself as a mine developer
Catalyst beginning to prove itself as a mine developer CATALYST METALS LIMITED Three mines brought into production in 12 months, while progressing two in the pipeline • Catalyst is developing a reputation of being able to move projects forward through development • Plutonic’s existing infrastructure
Slide 20: Plutonic to transition to capital light in coming years
Plutonic to transition to capital light in coming years CATALYST METALS LIMITED Renovation of inherited infrastructure nearing completion • Catalyst inherited substantial capital with its acquisition of Plutonic • The last three years have seen considerable investment to renovate this infrastructure
Slide 21: Project pipeline – open pit across the Plutonic Belt
Project pipeline – open pit across the Plutonic Belt CATALYST METALS LIMITED +40, shallow open pits – mined in 1990’s Target Resource Project Exploration Production identification definition development Overthrust Callop 88% of historical drilling Corridor Fifi Catfish <100m Barramundi Parrot Bream
Slide 22: Group Reserves and Resources
Group Reserves and Resources APPENDICES Reserves3,4 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) Plutonic Belt Underground - - 14.7 2.9 1,370 14.7 2.9 1,370 Plutonic Belt Open Pit - - 3.4 1.6
Slide 23: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6324 0090