Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Shareholder Meeting (November 2025)
24 slides from Catalyst Metals's shareholder meeting presentation, Nov 13, 2025
Slide 1: Chairman's AGM Address and Managing Director's Presentation
13 November 2025 ASX Market Announcements ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000 CHAIRMAN’S AGM ADDRESS AND MANAGING DIRECTOR'S PRESENTATION Catalyst Metals Limited (Company) encloses a copy of the Chairman’s Address and the presentation to be made by the Managing Director at the Annua
Slide 2: Chair's Address and Managing Director's Address, AGM 13 November 2025
CATALYST METALS LIMITED ABN 54 118 912 495 CHAIR’S ADDRESS AND MANAGING DIRECTOR’S ADDRESS ANNUAL GENERAL MEETING 13 NOVEMBER 2025
Slide 3: Chair's Address
CATALYST METALS LIMITED CHAIR’S ADDRESS ANNUAL GENERAL MEETING 13 NOVEMBER 2025 AT 10.00 A.M. I am pleased to present my third Annual General Meeting Address. Two years ago at my first Catalyst AGM we were only a few months into our operating turnaround, however we laid out a broad vision then for h
Slide 4: Operating progress at Plutonic
Two years ago we decided the best way to develop Catalyst for the benefit of all shareholders was sequentially: drive an operating turnaround, then strengthen the balance sheet, then build head office and further develop our board and governance. We are pleased today that we are well down this path,
Slide 5: Key transactions simplifying the Catalyst business
A number of key transactions through the year have simplified the Catalyst business and set up the Company to deliver its 200,000oz growth plan at Plutonic. The first of these was the successful divestment of the Henty Gold Mine in Tasmania to Kaiser Reef Limited in May 2025. Importantly, this allow
Slide 6: Strengthen the balance sheet
2. Strengthen the balance sheet We completed a A$150m placement to institutional investors in May this year. This introduced a number of high-quality, supportive institutions to our register and ensured Catalyst has the balance sheet to execute its growth plan over the coming years. Operational cash
Slide 7: FY25 financial results summary
Figure 2: FY25 financial results summary During the year, Catalyst was elevated to the ASX 300 index in March 2025, and subsequently to the S&P Dow Jones ASX 200 index, in early September 2025. These developments further enhance the quality of our share register as more institutions come on board, a
Slide 8: 10-year production plan for the Plutonic Belt
Figure 3: Catalyst’s 10-year production plan for the Plutonic Belt The Board is incredibly proud of the progress made by James and the management team in delivering on our major priorities. They have built an outstanding team that is focused on safety, operational excellence and value creation for s
Slide 9: Managing Director's Report: Senior management team
Thank you David. And welcome shareholders to the Annual General Meeting. 2025 has been a year of significant growth for our business. With us today are members of our senior management team who have been responsible for driving that growth. Anthony Buckingham, our Head of Projects leads the team res
Slide 10: Catalyst is a simplified business
Today, Catalyst is a simplified business. Plutonic forms a primary pillar of our business, producing some 100koz pa at an AISC of around A$2,300/oz. In Victoria, we have made significant strides in 2025 pulling together a number of the pieces of the puzzle to advance the Bendigo Gold Project. -9-
Slide 11: Plutonic 200,000oz gold production target
We have long felt that Plutonic has the foundations to be a 200,000oz gold producing asset. As we spend more time with the asset, we become more comfortable that this is achievable. Our target is to delineate 2Moz of Reserves to support a 10-year production rate at 200,000oz. This visibility is uniq
Slide 12: Two year journey of operational turnaround
It has been a two year journey to this point. Central to everything that has been achieved to date was turning around operations at Plutonic. Stable production has delivered consistent cashflows which, in the first 12 months, were reinvested in the business to address historical underinvestment and
Slide 13: Doubling of Reserves
In September 2025, we announced a doubling of Reserves. This is the second year Catalyst has doubled Reserves and we are well on our way to achieving our target of 2Moz of Reserves. - 12 -
Slide 14: Reserves underpin long-term production target
These Reserves underpin our long-term production target at the Plutonic Gold Belt. Through our ongoing drilling, we are targeting 2Moz of Reserves to underpin 10 years of production at 200,000koz per annum. As new projects are brought on-line – Trident, K2, Old Highway – we hope to see processed gra
Slide 15: Trident and K2 development
At Trident, mining of the open pit has commenced. Over the next 9-12 months we will mine the Trident open pit before transitioning to the higher grade underground mine. At K2, dewatering and rehabilitation of the underground workings is progressing well. We look forward to mining commencing here. -
Slide 16: Old Highway acquisition
Old Highway is an advanced exploration deposit acquired from Sandfire Resources in May 2025. We were fortunate to inherit a number of studies which we have been able to leverage off. Our existing relationships with Traditional Owners has allowed us to progress surveys in recent months and we thank t
Slide 17: A$90m exploration program
Across the belt, we have a A$90m exploration program for the coming 12 months. The purpose of this program is two-fold: 1. Drilling down-dip extensions of known deposits to grow Resources, and ultimately Reserves to 2Moz 2. Drilling at previously underexplored areas of the Plutonic Belt. Trident was
Slide 18: Baltic Deeps drilling at Plutonic
At Plutonic we are focused on defining and developing virgin ore sources. One area of focus is the Baltic Zone. A drill drive has been established to drill out the lower portions of Baltic, creatively named “Baltic Deeps”. Areas such as Baltic represent new ore source which, if successful, will allo
Slide 19: Drilling at Old Highway
Drilling has recently started at Old Highway. Drilling is focused on growing the existing Resources and extending mine life from the current four years, to ten years. We look forward to updating the market as results come in. CYL announcement 23 Oct 2025 "Gold intersected along strike and below Cinn
Slide 20: Cinnamon prospect
Cinnamon is an exciting prospect. The open pit potential of Cinnamon has long been recognized, but like much of the belt, drilling in this corridor was old and shallow. Drilling by Catalyst has identified a number of high-grade hits including 22m at 14g/t beneath the current open pit. 1km to the sou
Slide 21: Bendigo Gold Project achievements
A number of key achievements through the year have brought together the pieces of the puzzle to allow Catalyst to begin to realise value from Bendigo. In May, a processing solution was secured with Kaiser Reef, following the sale of Henty. In more recent months, approvals from the Victorian governme
Slide 22: Bendigo drilling focus
The focus at Bendigo now turns to drilling. The drilling season recently started and a program of works will be undertaken to follow up on numerous high-grade intercepts around Boyd’s Dam. We look forward to updating the market as this drilling progresses. - 21 -
Slide 23: Disclaimers
Disclaimers FUTURE PERFORMANCE AND FORWARD-LOOKING STATEMENTS, Same tment nh Pearson gag exit tr evr naan sinner, The nl indtot ot nuance tar, oar atng staan ut rnd, aera preceded by words such as “planned”, “expected”, “projected”, “schoduled”, tintonds", “anticipates”, “balieves", ‘potential, “cou
Slide 24: Contact
-23- A catalyst 4°, METALS LTD Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: 461 863240090
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