Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Non-Deal Roadshow (September 2026)
33 slides from Catalyst Metals's roadshow presentation, September 2026
Slide 1: Northern Hemisphere Roadshow
Northern Hemisphere Roadshow Catalyst’s journey in building a gold mining business September 2026 A S X : CY L
Slide 2: Corporate Overview
Corporate Overview CATALYST METALS LIMITED Market capitalisation A$1.6b Plutonic Gold Belt Operating (104koz pa) Available funds Debt A$531m Nil Perth Head office Bendigo Gold Belt (A$331m cash plus undrawn A$200m Exploration revolving debt facility at 30 June 2026) FY26 production2 104koz Substanti
Slide 3: The journey to today
CATALYST METALS LIMITED The journey ASX:CYL to todayPivotal moments in Catalyst’s history and our view on shareholder 3 returns in gold mining 3
Slide 4: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Victoria ASX:CYL 4 Pre-2021 2022 2023 2024 2025 2026 4
Slide 5: 2011 Bendigo Gold Belt: an early strategy to control gold belts
2011 Bendigo Gold Belt CATALYST METALS LIMITED An early strategy to control gold belts In 2011, as a microcap junior explorer, Catalyst secured 75km of strike length immediately north of the historic 22Moz3 Bendigo Goldfields. The thesis was securing a large landholding neighbouring world scale mine
Slide 6: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Henty Victoria acquisition & turnaround ASX:CYL 6 Pre-2021 2022 2023 2024 2025 2026 6
Slide 7: 2021 to 2025 Henty Gold Belt
2021 to 2025 Henty Gold Belt (sold March 2025) Acquired January 2021 – sold March 2025 CATALYST METALS LIMITED An attempt to fund exploration from cashflows via a cheaply acquired belt scale operation in Western Tasmania, Australia Operational turnaround by Catalyst ~40% increase in production +500%
Slide 8: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Victoria Henty acquisition & turnaround Plutonic consolidation ASX:CYL 8 Pre-2021 2022 2023 2024 2025 2026 8
Slide 9: Plutonic Gold Belt consolidation
January 2023 to June 2023 Plutonic Gold Belt consolidation CATALYST METALS LIMITED Combining high-grade undeveloped deposits with latent infrastructure An opportunity to upgrade Catalyst’s assets In the short term, paired high-grade deposits with latent processing capacity; longer term it gave Catal
Slide 10: Catalyst history
Catalyst history CATALYST METALS LIMITED Victoria Henty acquisition Operational & turnaround Plutonic turnaround consolidation ASX:CYL 10 Pre-2021 2022 2023 2024 2025 2026 10
Slide 11: Plutonic Gold Belt – operational turnaround
July 2023 to June 2024 Plutonic Gold Belt – operational turnaround CATALYST METALS LIMITED Experiences from Henty turnaround applied at Plutonic 40% improvement in key operating metrics → 46% increase in gold production Stoping Tonnes +47% Average 258kt Gold Produced +46% Average 21koz Average 175kt
Slide 12: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Plutonic 10- year vision Victoria Henty acquisition & turnaround Operational Plutonic turnaround consolidation ASX:CYL 12 Pre-2021 2022 2023 2024 2025 2026 12
Slide 13: Catalyst's Vision for Plutonic
September 2024 Catalyst’s Vision for Plutonic CATALYST METALS LIMITED Hub and spoke – 2Moz of Reserves, supporting 10 years at ±200koz pa The potential for a long-term stable gold producer of scale within a well known, large gold belt The Hub Centralised infrastructure … required refurbishment The S
Slide 14: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Corporate reset Plutonic 10-year vision Victoria Henty acquisition & turnaround Operational Plutonic turnaround consolidation ASX:CYL 14 Pre-2021 2022 2023 2024 2025 2026 14
Slide 15: Setting up Catalyst for success
May 2025 – July 2025 Setting up Catalyst for success CATALYST METALS LIMITED Management need time and money to ensure success Early 2025 was a pivotal six months in the company’s history While continuing to run Plutonic, it was important to simplify management’s focus and ensure it had a ‘fortress’
Slide 16: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Trident expansion Corporate reset Plutonic 10-year vision Victoria Henty acquisition & turnaround Operational Plutonic turnaround consolidation ASX:CYL 16 Pre-2021 2022 2023 2024 2025 2026 16
Slide 17: Trident: +60-80koz per year for +10 years
Trident: +60 - 80koz per year for +10 years CATALYST METALS LIMITED Exploration success 600m 600m 600m 20241 20252 20263 1.4 5.2 g/t 5.4 g/t 1.2 ASX:CYL 1 3.6 g/t 1.1 Moz 0.8 0.6 0.8 Moz 0.4 0.5 Moz 17 0.2 0 17 Resources (Moz) Grade (g/t Au) So urces: (1) ASX An nouncement 11 Sep tember 2024 “1Moz R
Slide 18: Catalyst history
Catalyst history CATALYST METALS LIMITED 15 years in 15 minutes… Cinnamon discovery Trident expansion Corporate reset Plutonic 10-year vision Victoria Henty acquisition & turnaround Operational Plutonic turnaround consolidation ASX:CYL 18 Pre-2021 2022 2023 2024 2025 2026 18
Slide 19: Cinnamon: +40-50koz per year
Cinnamon: +40-50koz per year CATALYST METALS LIMITED A base load ore source 400m 400m 400m 600m 2024 20241 20252 20263 2.5g/t ASX:CYL 1.8g/t 1.5g/t 541koz 19 119koz 145koz 19 Resources (Moz) Grade (g/t Au) So urces: (1) ASX Annou ncement 11 September 2024 “1Moz Reserve allows Catalyst to double prod
Slide 20: Catalyst history
New mine Catalyst history developments CATALYST METALS LIMITED 15 years in 15 minutes… Cinnamon discovery Trident expansion Corporate reset Plutonic 10-year vision Victoria Henty acquisition & turnaround Operational Plutonic turnaround consolidation ASX:CYL 20 Pre-2021 2022 2023 2024 2025 2026 20
Slide 21: Delivering six ore sources
Delivering six ore sources CATALYST METALS LIMITED Four mines developed over two years ASX:CYL 3x operating mines 1x mine in development 1x operating mine 2x mines in approval stage 21 No development pipeline Strong exploration pipeline 2023 2026 21
Slide 22: Catalyst history
New mine Catalyst history developments CATALYST METALS LIMITED 15 years in 15 minutes… Cinnamon discovery Trident expansion 2Moz Corporate Reserve reset Plutonic 10-year vision Victoria Henty acquisition & turnaround Operational Plutonic turnaround consolidation ASX:CYL 22 Pre-2021 2022 2023 2024 20
Slide 23: Two-Million-Ounce Reserve
Two-Million-Ounce Reserve CATALYST METALS LIMITED Adding high-grade inventory 1.8Moz Reserve growth over 3 years 2.0Moz at 2.6g/t Addition of higher-grade Reserves Cost of ~A$125 per Reserve ounce* Underground 1.0 Moz 1.0Moz at 3.8g/t Au 1.8Moz 0.5Moz Underground at 0.8Moz at 2.9g/t 2.3g/t Au 1.0 Mo
Slide 24: Catalyst today
CATALYST METALS LIMITED Catalyst ASX:CYL today A focus on delivering the vision for Plutonic 24 24
Slide 25: Plutonic Belt Overview
Plutonic Belt Overview CATALYST METALS LIMITED The vision becoming reality 40km Haul Road 3 Keillor Underground UG Mine Plutonic Belt Strategy 30km 3 Operating UG Reserves: 0.8Mt at 3.8g/t for 101koz 6 mines into 1 processing plant 20km Mining rate: 150ktpa (~20koz pa) 4 6 Delineate ±2Moz Reserve 10
Slide 26: Plutonic – executing the vision and the plan
Plutonic – executing the vision and the plan CATALYST METALS LIMITED All components now in place – focus shifts to ramping up developments L AST 3 YE ARS COMING YEARS Infrastructure Ramping up refurbishment production Setting mines up for Well underway long term success ✓ Delivered ✓ Delivered ✓ Del
Slide 27: The vision in 2025…
The vision in 2025… CATALYST METALS LIMITED A vision showing the longer-term potential of Plutonic Gold Production (koz) Pipeline Resources Contingency Cinnamon, Hermes, (not included) 200koz pa Triple P, Parrot/Rosella Catalyst’s 2025 vision / 165-185 Steady state production and grade1 A$2,200/oz t
Slide 28: The vision in 2025: a sixth ore source increases contingency
The vision in 2025… CATALYST METALS LIMITED A sixth ore source increases contingency Gold Production (koz) Sixth ore source displacing Resources/exploration Pipeline Resources Contingency Cinnamon Reserve increase to 320koz Hermes, (not included) 200koz pa Triple P, Parrot/Rosella Catalyst’s 2025 vi
Slide 29: Summary
Summary CATALYST METALS LIMITED A foundation asset of a gold business Catalyst is a business first, a gold miner second Plutonic has the foundations to be a long-term, stable pillar of the business Inorganic opportunities are being looked at - opportunities are rare ASX:CYL In the meantime, the orga
Slide 30: Group Reserves and Resources
Group Reserves and Resources APPENDICES Reserves 2,3,4,8 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 Low-Grade - - 15.5 2.0 1,012 15.5 2.0 1,013 Plutonic Belt High-Grade - - 7.
Slide 31: 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 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: Contact
Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au T: +61 8 6324 0090