Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Noosa Mining Conference 2025
32 slides from Catalyst Metals's conference presentation, July 2025
Slide 1: Noosa Mining Conference Corporate Presentation
Noosa Mining Conference Corporate Presentation Catalyst Metals Limited July 2025 ASX:CYL catalystmetals.com.au
Slide 2: 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 operating cashflows provide a stable foundation for organic growth Group Production AISC Group Reserves Group Resources ~108koz pa1 (FY25) A$2,317/oz1 0.9Moz @ 2.9
Slide 3: The Past, Present and Future
The Past, Present and Future Consolidation now complete setting up a pathway to 200koz of annual gold production
Slide 4: Brief history of the consolidation of the Plutonic Gold Belt
Brief history of the consolidation of the Plutonic Gold Belt CATALYST METALS LIMITED Two years and three acquisitions to consolidate the belt Great 1 March 2023 Northern Acquisition of Vango Mining Highway A$66m2 (~25% of CYL scrip) 2 June 2023 2 Acquisition of Superior Gold 2 A$60m3 (~25% of CYL sc
Slide 5: Five core deposits processed through a central processing hub
Five core deposits processed through a central processing hub CATALYST METALS LIMITED The recent acquisition of Old Highway builds on strategy to consolidate the belt and leverage existing processing infrastructure 40km Haul Road 50km 3 Underutilised central processing plant 1.4 Mt/2 Mtpa 4 K2 Under
Slide 6: Filling the 2Mtpa Plutonic processing plant
Filling the 2Mtpa Plutonic processing plant CATALYST METALS LIMITED Processing ore sourced from five nearby underground mines • With all the ore sources now consolidated, Plutonic has the ingredients for a long life, stable operation • Deposits each with down dip extension of known Resources & Reser
Slide 7: Track record and milestones to date
Track record and milestones to date CATALYST METALS LIMITED To date, Catalyst has met several key milestones which have in turn improved its valuation Plutonic Operational Operations Mine M&A M&A Exploration Turnaround 18 months of stable Development Henty disposal/ Acquisition of Trident Resource F
Slide 8: Quarterly results
Quarterly results Near record production from Plutonic
Slide 9: Stable fourth quarter
Stable fourth quarter CATALYST METALS LIMITED Results in-line with guidance; strong balance sheet 35.0 Quarterly production and AISC Henty 4,500 24 months of stable production at Plutonic sold 15 May 4,000 30.0 7 FY25 production of 86koz at A$2,317/oz AISC 7 7 5 7 3,500 25.0 4 3,000 5 6 20.0 2,861 2
Slide 10: A$42m operating cashflow supporting development of satellite deposits
A$42m operating cashflow supporting development of satellite deposits CATALYST METALS LIMITED Operating cashflows supporting development and exploration A$42m operating cashflow supporting … … A$22m growth and 148 230 exploration $11m growth capital $11m exploration – 10 drill rigs 44 (2) (13) 98 (2
Slide 11: Three new mines under development
Three new mines under development Clear pathway to 200koz production
Slide 12: Trident development underway
Trident development underway CATALYST METALS LIMITED All approvals in place to commence mining ASX:CYL 12 12
Slide 13: Plutonic East
Plutonic East CATALYST METALS LIMITED Ramping up - Opening up additional working areas ASX:CYL 13 13
Slide 14: K2
K2 CATALYST METALS LIMITED Rehabilitation progressing – currently 400m down the decline ASX:CYL 14 14
Slide 15: Drilling down-dip extensions
Drilling down-dip extensions Extending mine life across future developments
Slide 16: Plutonic Main – Baltic Extension Resource conversion and exploration
1 Plutonic Main – Baltic Extension Resource conversion CATALYST METALS LIMITED and exploration Exploration target of ~420koz to 610koz at ~4.2 to 5.1 g/t Au#; 39,000m drill program already underway 19m at 2.3g/t Au (incl. 2.0m at 11.3g/t Au) 11.6m at 6.6g/t Au (incl. 4.6m at 14.7g/t Au) 300m explora
Slide 17: K2 Resource conversion and exploration
3 K2 CATALYST METALS LIMITED Resource conversion and exploration Existing portal and underground development 200m ASX:CYL 5m at 19.3g/t Au Main lode 3m at 17.8g/t Au 17 K2 Reserves and Resources2,3 Category Tonnes (Mt) Grade (g/t) Ounces (Koz) 17 Total Reserves 0.1 4.3 20 1. Comprises historical pro
Slide 18: Trident Resource conversion and exploration
Resource conversion 4 Trident and exploration PLUTONIC GOLD MINE 200m 400m 600m 200m ASX:CYL 400m 18 600m 18
Slide 19: Old Highway Resource conversion and exploration
5 Old Highway Resource conversion and exploration 42,000m drill program testing: (1) Zone 400 mine life extensions (2) underground potential of Zone 250 (3) Old Highway parallel trend 9m at 2.3g/t Au 4m at 4.0g/t Au 5m at 3.5g/t Au 11m at 8.4g/t Au 11m at 8.6g/t Au 18m at 4.6g/t Au Zone 250 open pit
Slide 20: Bendigo Gold Project
Bendigo Gold Project Two final pieces remain to pull the investment proposition together Maldon Processing Plant
Slide 21: Bendigo Gold Belt – creating value through small incremental steps
Bendigo Gold Belt – creating value through small incremental steps CATALYST METALS LIMITED Since securing a processing solution, the high grade Four Eagles gold project is becoming a more realistic proposition Over last ten years, pieces have been falling into place: 1) 2015 – completed consolidatio
Slide 22: Four Eagles Gold Project – new trend identified parallel to Boyd's Dam trend
Four Eagles Gold Project – new trend identified parallel to Boyd’s Dam trend CATALYST METALS LIMITED Cunneen’s is a 1.4km trend, parallel to Boyd’s Dam 5m @ 13.1 g/t Au 1m @ 5.4 g/t Au 3m @ 2.5 g/t Au Cunneens Trend ASX:CYL 22 JORC resource1 Iris Zone 70koz @ 26g/t 22 Boyd’s Dam 93koz @ 5g/t (1) JOR
Slide 23: Many new areas for potential repeats of the Iris Resources
Many new areas for potential repeats of the Iris Resources CATALYST METALS LIMITED Discovering a second high-grade resource Multiple areas to test to discover another high-grade deposit There is drilling into each of these prospects Boyd’s Dam • High-grade mineral Resource - 163koz at 7.7g/t Au Boyd
Slide 24: Maldon processing plant
Maldon processing plant CATALYST METALS LIMITED A long-term strategic option – provides a pathway for development ASX:CYL When Catalyst sold its former asset, the Henty Gold Mine, it received an option to acquire 50% of the Maldon 200ktpa processing plant for A$1, the right to use any spare capacity
Slide 25: Appendices
catalyst Appendices
Slide 26: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Capital Structure (as at 30 June 2025) Board of Directors Share Price A$5.07 David Jones AM Robin Scrimgeour Shares on Issue 252m Non-Executive Chairman Non-Executive Director Market Capitalisation A$1.3bn James Champion de Crespigny Bruce Kay Cash and Bull
Slide 27: 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 28: Disclaimers – Exploration Targets
Disclaimers CATALYST METALS LIMITED EXPLORATION TARGETS Methodology Exploration targets for Baltic Deeps 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
Slide 29: Disclaimers – Production Targets
Disclaimers CATALYST METALS LIMITED PRODUCTION TARGETS Production Targets The Company’s production targets and forecast financial is extracted from the Company’s following ASX announcements: • “1Moz Reserve allows Catalyst to double production for A$31m” on 11 September 2024 which outlines the Compa
Slide 30: Disclaimers – Forward-Looking Statements
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 31: Disclaimers – Important Notice and Disclaimer
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 32: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6324 0090