Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Diggers and Dealers Mining Forum 2024
35 slides from Catalyst Metals's conference presentation, Aug 6, 2024
Slide 1: Organic growth: Four new underground mine developments
Organic growth Four new underground mine developments Diggers and Dealers Mining Forum August 2024 ASX:CYL catalystmetals.com.au
Slide 2: Catalyst History
Catalyst History History Current Future In last three years, through acquisition, Catalyst has turned around two operating Catalyst plans to open four new Catalyst has matured from explorer to mines – Plutonic and Henty – lifting mine’s on its path to increasing +100koz gold producer comparative pro
Slide 3: Catalyst's Asset Portfolio
Catalyst’s Asset Portfolio CATALYST METALS LIMITED Controlling three Australian gold belts, driving an attractive organic growth pipeline Group Reserves 793koz @ 3.3g/t2 (JORC) Group Production Group AISC Group AIC 110koz pa1 $2,338oz1 $2,571oz Group Resources (Unhedged, selling at spot) 3.5Moz @ 2.
Slide 4: Plutonic Gold Mine Operational Improvements
WESTERN AUSTRALIA Plutonic Gold Mine Operational Improvements
Slide 5: Plutonic Gold Belt
Plutonic Gold Belt 40km Haul PLUTONIC GOLD MINE Road Multiple satellite underground mines feeding a large scale central processing facility Hub & Spoke Strategy K2 Underground Mine Central infrastructure allows regional development projects to 81koz @ 3.6g/t Au be processed at currently under-utilis
Slide 6: What have we been doing in 12-months since consolidating Plutonic Gold Belt?
What have we been doing in 12-months since consolidating Plutonic Gold Belt? PLUTONIC GOLD MINE Increased operational focus leading to greater cash generation Improved accountability and planning 40–50% ∼46% $54m Improved operational performance Improvement in Increase in gold of operating cashflow
Slide 7: Increased operational focus has led to an increase in cash generation
Increased operational focus has led to an increase in cash generation CATALYST METALS LIMITED Strong cash position ASX:CYL Balance Sheet (June 2024) A$37m A$45m 1,850oz gold loan (July) Unhedged 7 Cash and bullion Available Liquidity (5 x 370oz / mth) Selling at spot 7
Slide 8: The value of existing infrastructure
The value of existing infrastructure
Slide 9: Existing infrastructure allows projects to be brought online quickly
Existing infrastructure allows projects to be PLUTONIC GOLD MINE brought online quickly 1 Processing plant 1.8 Mtpa capacity, operating at 1.25Mtpa • Latent mill capacity allows existing resources to be brought online quickly 2 Infrastructure +10 years of tailings approved, 40km haul road, 500-perso
Slide 10: Organic Growth
Organic Growth Four near term projects seeking development in next 12-18 months
Slide 11: Seeking four underground mine developments in next 12-18 months
Seeking four underground mine developments in next 12-18 months PLUTONIC PROJECT DEVELOPMENT Focus on the next 12-18 months is opening up four new areas 1 Plutonic in-mine 3 K2 • 9 new areas identified • Existing decline and 3 development already in place • Transition Plutonic away from remnant mini
Slide 12: Growing in-mine exploration areas at Plutonic
1 Growing in-mine exploration areas at Plutonic CATALYST METALS LIMITED 7.2Moz1 gold mineral endowment to date and growing • 35-year operating history, further extensions likely • Ongoing review of in-mine exploration areas beginning to yield results Zone C Historical drill intercepts in virgin area
Slide 13: Baltic Extension
CATALYST METALS LIMITED Baltic Extension Resource 23koz1 Low sample Baltic Extension MRE is count with high currently 105koz at 2.7g/t Au OVM indicates Infill drill program requires only greater resource 50m of development potential with Resource infill drilling 83koz1 - 300 600 900 1,200 ASX:CYL No
Slide 14: Plutonic East – significant potential once underground
2 Plutonic East – significant potential once underground CATALYST METALS LIMITED First ore expected March 2025 Surface grade control drilling already underway ASX:CYL Target Exploration Areas 14 Grade Control Drilling (currently drilling) 14 (1) Historical production sourced from internal records
Slide 15: Plutonic East – second mine underway
Drill rig mobilised and drilling underway 2 Plutonic East – second mine underway CATALYST METALS LIMITED Current drill program from surface targeting resource infill for first ore zones Rehabilitation of decline has commenced ASX:CYL Resource in-fill drilling targets with historical 15 assays 15
Slide 16: K2 Underground Mine
3 K2 Underground Mine K2 Mineral Resource1 PLUTONIC PROJECT DEVELOPMENT Category Tonnes (Mt) Grade (g/t) Ounces (Koz) Historical open pit production (116koz at 4.0g/t)2, underground decline in place Indicated Resources 0.2 4.2 31 Inferred Resources 0.5 3.4 49 Total Resources 0.7 3.6 81 ASX:CYL 16 16
Slide 17: K2 Underground Mine
3 K2 Underground Mine PLUTONIC PROJECT DEVELOPMENT 1 • New underground mine, 40km from Plutonic processing plant • Existing infrastructure means quick, low-cost path to production ASX:CYL 17 17 (1) Sourced from internal production records
Slide 18: Trident
4 Trident CATALYST METALS LIMITED ASX:CYL Trident Reserves and Resources1 18 Category Tonnes (Mt) Grade (g/t) 16Ounces (Koz) Probable Reserves 1.3 4.4 188 18 Indicated Resources 2.0 5.0 273 Inferred Resources 2.6 3.0 251 (1) Resources sourced from CYL announcement 8 December 2023 “Plutonic and Tride
Slide 19: Trident gold project – targeting first production in 2025
4 Trident gold project – targeting first production in 2025 PLUTONIC PROJECT DEVELOPMENT Low start-up capital high-grade underground mine development Annual production profile 60,000 6.0 Base Case# Spot case 50,000 5.0 Gold produced (oz) (A$2,700/oz) (A$3,400/oz) 40,000 4.0 Grade (g/t) 30,000 3.0 NP
Slide 20: Sneak peak at exploration across the Belt
Sneak peak at exploration across the Belt
Slide 21: Limited drilling, large mineralised system – creates the opportunity
Limited drilling, large mineralised system – creates the opportunity CATALYST METALS LIMITED Large mineralised system with +11Moz Mineral Endowment Plutonic East Marwest & Mareast Cinnamon / Cobalt UG 0.4Moz2,4 0.1Moz5 0.1Moz5 + MRE pending (Outcropping) (Outcropping) (Outcropping) K2 K1 Salmon 0.1M
Slide 22: Cinnamon
Cinnamon PLUTONIC PROJECT DEVELOPMENT Ineffective historical drilling creates the opportunity CINNAMON COBALT (119koz @ 1.8 g/t)1 Resource Pending ASX:CYL 22 (1) CYL announcement 22 February 2023 “Marymia Gold Project Mineral Resource - Updated”. 22
Slide 23: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Capital Structure Board of Directors Share Price (5 August 2024) $1.76 David Jones AM Robin Scrimgeour Shares on Issue 226m Non-Executive Chairman Non-Executive Director Market Capitalisation A$398m James Champion de Crespigny Bruce Kay Managing Director &
Slide 24: Henty Gold Mine
LX zataivst METALS LTD TASMANIA Henty Gold Mine
Slide 25: Henty Gold Mine
Henty Gold Mine CATALYST METALS LIMITED 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 H
Slide 26: Henty
Henty CATALYST METALS LIMITED Operations at nameplate throughput Last 12 months production rising, Q1 Q2 Q3 Q4 costs falling, production stabilising Development metres m 996 957 1,009 1,088 Operational improvements evident Total material movement kt 107 98 116 137 throughout the year Total mined ore
Slide 27: Henty exploration
Henty exploration CATALYST METALS LIMITED Targeting new, clean ore zones to de-risk Henty production ASX:CYL 27 27
Slide 28: Henty exploration – Darwin extension
Henty exploration – Darwin extension CATALYST METALS LIMITED First exploration in 20 years 1.4Moz system System would not just end, displacement more likely New exploration drive completed to commence targeting Darwin extensions ASX:CYL 28 28
Slide 29: Bendigo Exploration
VICTORIA Bendigo Exploration
Slide 30: Bendigo
Bendigo CATALYST METALS LIMITED 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 Refe
Slide 31: Four Eagles Gold Project – Boyd's Dam Prospect
Four Eagles Gold Project – Boyd’s Dam Prospect CATALYST METALS LIMITED 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 31 31 (1) JORC Resource Announcement 15 June 2023 “Maiden Mineral Resource at Four Eagles project”
Slide 32: Group Reserves and Resources
Group Reserves and Resources APPENDICES 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 Trident 5 - - - 1.3
Slide 33: Important Notices
Important Notices IMPORTANT NOTICE AND DISCLAIMER This investor presentation (the Presentation) is dated 17 July 2024. It has been prepared by Catalyst Metals Limited (ASX: CYL) (Catalyst or the Company). SUMMARY INFORMATION This Presentation contains summary information about Catalyst its respectiv
Slide 34: Disclaimers
Disclaimers 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 not limited to, statements
Slide 35: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6107 5878 Fiona Marshall Strategic Communications White Noise Communications E: fiona@whitenoisecomms.com T: +61 400 512 109
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