Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Investor Presentation (January 2023)
30 slides from Catalyst Metals's investor presentation, January 2023
Slide 1: Targeting Control of three Australian Gold Belts
Targeting Control of three Australian Gold Belts Investor Presentation January 2023 ASX:CYL | catalystmetals.com.au
Slide 2: Targeting Control of Three High Grade Australian Gold Belts
Targeting Control of Three High Grade Australian Gold Belts Funding exploration through cashflow Marymia Gold Belt1 • 1Moz at 3.3 g/t Au; includes 517koz at 8.2 g/t Au2 Australian Gold Fields Henty Gold Mine • Proven high-grade mine; historical gold production of +1.4Moz at ~9 g/t Bendigo Gold Field
Slide 3: Corporate Overview
Corporate Overview Attractive capital structure Capital Structure Share Price (LTM) Share Price1 $1.42 $2.50 Shares on Issue1 98.5m Market Capitalisation1 $139.9m $2.00 100% of Cash2 $18.1m Drummartin Managing Bendigo Exploration Project Director Tunnel Approval Enterprise Value1 $121.8m Secured App
Slide 4: Strong Experienced Team
Strong Experienced Team Proven capabilities across exploration, mining and corporate Board of Directors Management Stephen Boston James Champion de Crespigny John McKinstry Donna Thornton Non-Executive Chairman Managing Director and CEO Chief Operating Officer Chief Financial Officer • Chairman sinc
Slide 5: Catalyst and Vango Combined Group
Catalyst and Vango Combined Group1 Three complementary high grade gold projects with belt scale Marymia Henty Bendigo Project Henty Gold Mine (CYL 100%) Key Projects Marymia (VAN 100%) Four Eagles (Flagship – CYL 50%), Tandarra (CYL Key Projects 51%) & Golden Camel (CYL 50.1%) Location North West Ta
Slide 6: Vango Asset Overview
Vango Asset Overview ASX:CYL 6
Slide 7: Acquisition Rationale
Acquisition Rationale Dominant land position in underexplored gold belt with consolidation potential Vango holds high-grade deposits which have been significantly Catalyst has offered to acquire Vango Mining Limited (ASX:VAN)1 underexplored Transaction Implied Vango value of A$66m2 Terms4 Acce
Slide 8: Plutonic Greenstone Belt Overview
Plutonic Greenstone Belt Overview 1. Superior Gold Inc October 2022 Investor Presentation – October 12 2022 2. Vango's ASX announcement dated 20 May 2020 entitled “Marymia Mineral Resource Increases to One Million Ounces”
Slide 9: Marymia – an underexplored belt
Marymia – an underexplored belt 1Moz at 3.3 g/t Au; including 517koz at 8.2 g/t Au1 Located ~160km south of Newman, Western Australia Overview Historical open pit production of 580koz2 1Moz at 3.3g/t1 including: Resources 410koz @ 8g/t (Trident) 107koz @ 9g/t (K2) All Mining Leases – fas
Slide 10: Trident only visible under 100m
Trident only visible under 100m • Minimal drilling >100m • Deposits on gold belt only appear >100m Note: Historical drilling data reported by previous owners
Slide 11: Regional Exploration Targets
Regional Exploration Targets • High priority exploration targets identified along mineralized trends • Targets remain highly prospective due to historical drilling being limited to shallow depths Note: Historical drilling data reported by previous owners ASX:CYL 11 ASX:CYL 11
Slide 12: Trident
Trident Vango’s flagship project • Resource of 410koz at 8g/t1 • Opportunity to optimise drilling • Still open in all directions • PFS completed but remains underexplored 2,3,4 2,3,4 1. Vango Mining Investor Presentation 2 November 2022 4. Vango Mining ASX Announcement 12/06/2019 “New High-Grade Gol
Slide 13: Cinnamon
Cinnamon Open in all directions; underground potential • Resources of 119koz Au1 • Under-drilled and open all directions • Numerous high-grade intersections • Opportunity for open pit and underground mining (in combination) 1. Vango Mining Limited Investor Presentation 2 November 2022 3. Vango Minin
Slide 14: Salmon
Salmon Consolidation synergies • Historical open pit on Vango / Superior border • Historical production of 158koz at $224/oz1 cost • Drilling intersections demonstrate opportunity for mineralization to extend at depth • “Patty” target highlights opportunities for consolidation synergies 1. Historica
Slide 15: Henty Gold Mine
Henty Gold Mine History of high-grade production 1. Controlling entire gold belt 2. Foundations of low-cost producer 3. Historical under-investment leads to lower hanging fruit in near mine exploration 4. Strategy to increase production and reduce unit costs ASX:CYL 15
Slide 16: A history with strong foundations
A history with strong foundations High grade, attractive mining widths Historic Gold Production Avg true width of lens Darwin 5-15m 2.3Mt @ 8.6 g/t Au 646,400oz Z96 4.5m 0.74Mt @ 14 g/t Au 334,800oz IZ 2.2m 0.21Mt @ 14 g/t Au 94,600oz Newton 6m 0.72Mt @ 4.3 g/t Au 99,500oz Mt Julia 6m 0.29Mt @ 7.5 g
Slide 17: Henty History
Henty History Historical owners demonstrate good foundations but with lack of attention/capital Period of minimal exploration Low gold price environment 160 2,500 140 2,000 120 Gold price (US$/oz) 100 Production (koz) 1,500 80 1,000 60 40 500 20 - - 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Slide 18: Revitalising the Henty Mine
Revitalising the Henty Mine Generating operating cashflows Improving mine performance1… … and an increase in gold recoveries1… 100 12.0 100% 300,000 90 10.0 250,000 Head grade (%) 80% Recoveries (%) Throughput (tpa) 200,000 80 8.0 Availability (%) 60% 150,000 70 6.0 40% 100,000 60 4.0 20% 50,000 50
Slide 19: Cradle Zone
Cradle Zone Historically under-explored target; close to existing infrastructure • Historically, few holes drilled due to poor surface access • Recent underground drilling has generated encouraging results: • 4.6m @ 56.7g/t Au, 220g/t Ag • 4.2m @ 10.2g/t Au • 3.3m @ 18.2g/t Au • Exploration drive pl
Slide 20: Significant landholding in an attractive mineral province
Significant landholding in an attractive mineral province Underexplored tenement package EL8/2009 mN Lakeside Roseberry Mine • 80km2 package located; 25km strike length Lorrigan’s Luck Sterling Valley • Very limited regional exploration ORDOVICIAN Wurawina Group • Track record of high-grade explor
Slide 21: Bendigo Gold Fields
Bendigo Gold Fields +22Moz Historical Gold Field1 1. Control over gold belt 2. Closing in on next Bendigo Goldfield 3. Establish multiple Resources in close proximity (Baseload) 4. Develop exploration tunnel 5. Leverage existing infrastructure to production 1. https://earthresources.vic.gov.au/geolo
Slide 22: Bendigo Goldfields – Proven Gold Field
Bendigo Goldfields – Proven Gold Field High grade, highly concentrated mineral endowment • Most advanced exploration project in Bendigo/Fosterville area • Fosterville’s Swan Zone – 2.3Moz @ 50g/t1 • Control entire gold belt Note 1: Fosterville-Gold-Mine-Victoria-Australia-Updated-NI-43-101-Technical
Slide 23: Four Eagles Gold Project
Four Eagles Gold Project Multiple recurring high-grade zones in close proximity • Scale of discovery can fit Bendigo-sized goldfield • Catalyst’s most advanced exploration project in Victoria • Continuously recurring high- grade gold zones in close proximity to one another • Tunnel development targe
Slide 24: Boyd’s Dam Prospect
Boyd’s Dam Prospect Maiden Resource pending • Continuously recurring high-grade mineralization • Demonstrated potential for repeats at depth – classic Bendigo style mineralisation ASX Announcement 13 September 2022 – “Strong Drilling Results at Four Eagles Gold Project” ASX:CYL 24
Slide 25: News Flow & Upcoming Events
News Flow & Upcoming Events Pipeline of organic and inorganic growth opportunities FY Q3 FY Q4 FY Q1 FY Q2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Bendigo FEJV Exploration Tunnel Work Plan ERR approvals process Boyd’s Dam Resource Estimate Hayanmi Resource Estimate Pickles Resource Estimate
Slide 26: Investment Thesis
Investment Thesis Building the next mid-tier, high grade gold mining company Three high grade gold belts in world class districts1 Proven exploration and operator capabilities Henty turnaround well progressed – proof of concept Active M&A strategy 1. Assumes Catalyst acquires 100% of Vango under its
Slide 27: Combined Group Reserves & Resources
Combined Group Reserves & Resources1 Henty Classification Tonnage (Mt) Grade (g/t) Contained Au (koz) Reserves Proven - - - Probable 1.0 3.6 115 Total Reserves 1.0 3.6 115 Resources Indicated 1.8 4.5 257 Inferred 0.9 4.0 111 Total Resource 2.6 4.3 368 Marymia Classification Tonnage (Mt) Grade (g/t)
Slide 28: Disclaimer
Disclaimer IMPORTANT NOTICE AND DISCLAIMER This investor presentation (the Presentation) has been prepared by Catalyst Metals Limited (ASX: CYL) (Catalyst or the Company). For the purposes of ASX Listing Rule 15.5, Catalyst confirms that this Presentation has been authorised for release to the ASX b
Slide 29: Disclaimer
Disclaimer FUTURE PERFORMANCE AND FORWARD-LOOKING STATEMENTS This Presentation contains certain “forward-looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are intended
Slide 30: ASX:CYL | catalystmetals.com.au
ASX:CYL | catalystmetals.com.au
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