Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Investor Presentation (September 2025)
34 slides from Catalyst Metals's investor presentation, Sep 10, 2025
Slide 1: Northern Hemisphere Roadshow
Northern Hemisphere Roadshow Doubling Reserves year-on-year September 2025 A S X : CY L
Slide 2: 1.5Moz Reserve – a significant step toward the 2Moz Reserve target
1.5Moz Reserve – a significant step toward the “2Moz Reserve” target CATALYST METALS LIMITED Reserve base supports increased production rate of 200koz pa for +10 years 100% year-on-year Reserve growth (after depletion) 1.5Moz Reserve Reserve Growth 0.7Moz 1.5 Moz Production (0.1Moz) Reserve Growth 0
Slide 3: 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 AISC Group Reserves Group Resources ~108ko
Slide 4: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Capital Structure (as at 9 September 2025) Balance Sheet Share Price A$8.22 Cash Available Liquidity Shares on Issue 252m A$230m A$330m Market Capitalisation A$2.1bn (Incl. undrawn corporate revolving debt facility of A$100m) Cash and Bullion (at 30 June 20
Slide 5: The Plutonic Gold Belt
The Plutonic Gold Belt 10 years at 200koz pa
Slide 6: Five deposits. One plant. A path to 200koz pa
Five deposits. One plant. A path to 200koz pa CATALYST METALS LIMITED Multiple mines feeding a central processing plant 40km Haul Road Pipeline Resources 50km Cinnamon, Hermes, 4 Triple P, Parrot/Rosella Underutilised central processing plant 1.4 Mt/2 Mtpa 9 3 8 K2 Underground (UG) Mine 7 Reserves:
Slide 7: Growing Reserves support future production
Growing Reserves support future production Doubling Reserves and increasing grade
Slide 8: Two-year timeline since consolidating the Plutonic Gold Belt
Two-year timeline since consolidating the Plutonic Gold Belt CATALYST METALS LIMITED Foundations in place to execute on strategy to increase production rate to ±200koz pa 24 months of bedding … resolving legacy issues, … and adding Reserves 40km Haul to Roadsupport down operations… strengthening bal
Slide 9: 1.5Moz Reserve – a significant step toward the 2Moz Reserve target
1.5Moz Reserve – a significant step toward the “2Moz Reserve” target CATALYST METALS LIMITED Reserve base will underwrite increased production rate of 200koz pa for +10 years 100% year-on-year Reserve growth (after depletion) 1.5Moz Reserve 2Moz 2 Moz Reserve Growth 0.7Moz 1.5 Moz +A$90m exploration
Slide 10: Two-thirds of 10-year plan underwritten by Reserves
Two-thirds of 10-year plan underwritten by Reserves CATALYST METALS LIMITED Lifting grade and throughput expected to lead to lower cost profile Gold Production (koz) Pipeline Resources Contingency Cinnamon, Hermes, (not included) 200koz pa Triple P, Parrot/Rosella 165-185 Steady state production and
Slide 11: 2026 Outlook
2026 Outlook Strong balance sheet ensures growth plans remain on-track
Slide 12: FY26 guidance
FY26 guidance CATALYST METALS LIMITED New mines lift production; exploration spend continues with 14 rigs across the belt 100 - 110koz 120,000 3,000 100,000 85koz 86koz • Production weighted toward 80,000 back end of FY2026 A$2,461/oz A$2,200 A$2,317/oz 60,000 to 2,000 • Production increase of 28% P
Slide 13: Strong balance sheet supported by stable operations
Strong balance sheet supported by stable operations CATALYST METALS LIMITED Well funded to support exploration and growth plans Cashflows invested in: Cashflows invested in 1. Operational turnaround growth 2. Repaying inherited debt 3. Cleaning up legacy matters 100 Well funded to Plutonic support s
Slide 14: Growing Production from ±100koz to ±200koz
Growing Production from ±100koz to ±200koz Projects under development
Slide 15: Trident
Trident CATALYST METALS LIMITED 20km Plutonic processing plant ASX:CYL Trident open pit mining commenced 15 12-month open pit before commencing underground 15
Slide 16: Plutonic K2
K2 CATALYST METALS LIMITED 20km Plutonic processing plant ASX:CYL K2 16 Dewatering and decline rehabilitation 16
Slide 17: Old Highway
Old Highway PLUTONIC GOLD MINE 20km Traditional owner engagement, Plutonic OHW processing plant approvals and drilling ASX:CYL 17 17
Slide 18: Growing Reserves from ±1Moz to ±2Moz
Growing Reserves from ±1Moz to ±2Moz Extending mine life by drilling known down dip extensions
Slide 19: Trident
Trident CATALYST METALS LIMITED Exploration program targeting extending mine life to 60koz for 10 years Indicated 527koz at 6.4g/t Open pit development commenced July 2025 Inferred 268koz at 3.9g/t Indicated Resource 4m at 2.1 g/t Au Inferred Resource 1m at 5.8 g/t Au 22m at 5.2 g/t Au ASX:CYL 4m at
Slide 20: Targeting year mine life – Plutonic Main Baltic Extension
Targeting 10 year mine life Plutonic Main – Baltic Extension CATALYST METALS LIMITED Exploration targeting extending Plutonic’s life from eight to ten years Resource conversion and exploration 11.6m at 6.6g/t Au (incl. 4.6m at 14.7g/t Au) 19m at 2.3g/t Au (incl. 2.0m at 11.3g/t Au) 20km 300m explora
Slide 21: Targeting year mine life – K2
Targeting 10 year mine life K2 CATALYST METALS LIMITED Resource conversion Development underway, limited drilling at depth and exploration 20km Plutonic processing plant Existing portal and underground development 200m ASX:CYL 5m at 19.3g/t Au Main lode 3m at 17.8g/t Au 21 K2 Reserves and Resources2
Slide 22: Targeting year mine life – Old Highway
Targeting 10 year mine life Old Highway Exploration program targeting growing mine life from four to ten years Resource conversion and exploration 9m at 2.3g/t Au 20km 4m at 4.0g/t Au 5m at 3.5g/t Au 11m at 8.4g/t Au 11m at 8.6g/t Au Plutonic processing plant 18m at 4.6g/t Au Zone 250 open pit Poten
Slide 23: Depth of field = 15km
Depth of field = 15km Plutonic Belt – what else lies beneath? 2x vertical exaggeration CATALYST METALS LIMITED 14 different owners of the Belt over last 30 years have limited its historical exploration 40km Trident Cinnamon K2 Plutonic Main Salmon Parrot/Rosella Triple P 811koz @ 5.0 g/t Marwest K1
Slide 24: Bendigo Gold Project
Maldon Processing Plant Bendigo Gold Project High grade gold Resource with production pathway secured
Slide 25: Bendigo Gold Belt – creating value through small incremental steps
Bendigo Gold Belt – creating value through small incremental steps CATALYST METALS LIMITED Since gaining access to a processing solution, the high grade Four Eagles gold project is becoming a realistic proposition Catalyst controls 75km of strike length immediately north of the historic 22Moz3 Bendi
Slide 26: 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 Newly identified Cunneen’s is a 1.4km trend, parallel to Boyd’s Dam CATALYST METALS LIMITED Road to Maldon 5m @ 13.1g/t Au 6m @ 82.7g/t Au Processing Plant 1m @ 5.4g/t Au 0.4m @ 152g/t Au 100km 3m @ 2.5g/t Au 8m @ 4.0g/t Au
Slide 27: Appendices
Lae LAD fA Appendices
Slide 28: Re-invigorating Plutonic
Re-invigorating Plutonic CATALYST METALS LIMITED The consolidated belt provides ore sources to allow Plutonic to return to a ±200koz pa production hub The early years A forgotten belt Reinvigorating Plutonic (av. 225koz pa) (av. 87koz pa) (200koz pa) Significant investment across Belt Harvesting pri
Slide 29: The benefits of being able to drill from surface – quick and low cost
The benefits of being able to drill from surface – quick and low cost CATALYST METALS LIMITED Adding low-cost, high-grade ounces to mine life ‣ Quick drill out of Resource within 6 months ‣ Indicated Resource discovery cost of A$70/oz Low discovery and production cost Increased 7 months ounces and g
Slide 30: 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 31: Disclaimers
Disclaimers CATALYST METALS LIMITED PRODUCTION TARGETS The Company’s production targets and forecast financial is extracted from the Company’s following ASX announcements: • “Plutonic Belt Reserves double, supporting growth plans” on 10 September 2025 which outlines the Company’s 10 year production
Slide 32: 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 33: 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 34: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6324 0090
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