Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Diggers & Dealers 2025
27 slides from Catalyst Metals's conference presentation, August 2025
Slide 1: Putting meat on the bones of Catalyst's path to 200,000oz annual gold production
Putting meat on the bones of Catalyst’s path to 200,000oz annual gold production Corporate Presentation – Diggers & Dealers Catalyst Metals Limited August 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: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Capital Structure (as at 1 August 2025) Balance Sheet Share Price A$5.08 Cash Available Liquidity Shares on Issue 252m A$230m A$330m Market Capitalisation A$1.3bn (Incl. undrawn corporate revolving debt facility of A$100m) Cash and Bullion A$230m Drawn debt
Slide 4: Trident Updated Resource
Trident Updated Resource Doubling Resource and increasing grade An important step in Catalyst achieving its aim of doubling both Reserves and annual gold production
Slide 5: Release of a new Trident Resource estimate
Release of a new Trident Resource estimate CATALYST METALS LIMITED Underground of 795koz at 5.3g/t Au (at 2.0g/t cut-off) Plutonic processing plant 30km 0m Open pit development commenced July 2025 100m 200m 300m Indicated 527koz at 6.4g/t 400m Indicated Resource Inferred 268koz at 3.9g/t ASX:CYL Inf
Slide 6: 105% increase in Resource and still growing
105% increase in Resource and still growing CATALYST METALS LIMITED Shallow deposit with high ounce per vertical meter Plutonic processing plant 30km 2,000 4,000 6,000 20 0m Open pit development 40 commenced July 2025 Ounces per vertical metre (OVM) 60 80 100 100m 120 140 160 180 200 200m 220 240 26
Slide 7: 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 Increased ounces and grade Low discovery and production cost 5.3g
Slide 8: Plutonic Belt – what else lies beneath?
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 Plutonic Main Salmon Parrot/Rosella Triple P Trident Marwest Cinnamon K2 K1 Plutonic East 7Mo
Slide 9: Two new mines under development
Two new mines under development Clear pathway to 200,000oz annual gold production
Slide 10: Trident development underway
Trident development underway CATALYST METALS LIMITED 12-month open pit before commencing underground ASX:CYL 10 20km 10 Plutonic processing plant
Slide 11: K2 dewatering and decline rehabilitation
K2 CATALYST METALS LIMITED Dewatering and decline rehabilitation ASX:CYL 11 20km 11 Plutonic processing plant
Slide 12: Exploration at Plutonic
Exploration at Plutonic Extending mine life by drilling known down dip extensions
Slide 13: Resource conversion
Resource conversion Trident – first on the belt to be drilled; others to follow and exploration CATALYST METALS LIMITED High-grade intercepts outside current Resource envelope present opportunity for Resource growth Plutonic processing plant 30km 0m Open pit development commenced July 2025 100m 200m
Slide 14: Plutonic Main – Baltic Extension Resource conversion and exploration
Plutonic Main – Baltic Extension Resource conversion CATALYST METALS LIMITED and exploration Significant new area sitting outside the Resource and Reserve envelope 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 exploration drive 4m at 17.7g/t Au u
Slide 15: K2 – Another Trident in the making?
K2 CATALYST METALS LIMITED Resource conversion Another Trident in the making? 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 15 K2 Reserves and Resources2,3 Category Tonnes (Mt) Grade (g/t) Ounces (K
Slide 16: Old Highway
Old Highway Resource conversion and exploration Newly acquired high grade Resource with potential to grow 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 Potential parallel trend with limited drilling
Slide 17: Plutonic Belt long section
Depth of field = 15km Plutonic Belt long section 2x vertical exaggeration CATALYST METALS LIMITED 14 different owners of the Belt over last 30 years have limited its historical exploration 40km Plutonic Main Salmon Parrot/Rosella Triple P Trident Marwest Cinnamon K2 K1 Plutonic East 7Moz1 orebody ?
Slide 18: Bendigo Gold Project
Bendigo Gold Project High grade gold Resource with production pathway secured Maldon Processing Plant
Slide 19: 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 realistic proposition Catalyst controls 75km of strike immediately north of the historic 22Moz3 Bendigo Goldfields 26
Slide 20: 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 100km 0.4m @ 152g/t Au 3m @ 2.5g/t Au 8m @ 4.0g/t Au
Slide 21: Appendices
catalyst Appendices
Slide 22: 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 23: 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 24: 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 25: Disclaimers – Future Performance and 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 26: 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 27: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6324 0090