Catalyst Metals Limited · ASX:CYL
Catalyst Metals — Shareholder Meeting (November 2024)
23 slides from Catalyst Metals's shareholder meeting presentation, Nov 14, 2024
Slide 1: Chairman's AGM Address and Managing Director's Presentation
14 November 2024 ASX Market Announcements ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 CHAIRMAN’S AGM ADDRESS AND MANAGING DIRECTOR’S PRESENTATION Catalyst Metals Limited (Company) encloses a copy of the Chairman’s Address and the presentation to be made by the Managing Director at t
Slide 2: Chair's Address and Managing Director's Address
CATALYST METALS LIMITED ABN 54 118 912 495 CHAIR’S ADDRESS AND MANAGING DIRECTOR’S ADDRESS ANNUAL GENERAL MEETING 14 NOVEMBER 2024
Slide 3: Chair's Address
CATALYST METALS LIMITED CHAIR’S ADDRESS ANNUAL GENERAL MEETING 14 NOVEMBER 2024 AT 10.00 A.M. I am pleased to present my second annual general meeting address since my appointment in October 2023. Last year in my address, I had recently joined Catalyst and was very excited at the future growth prosp
Slide 4: FY24 production and maiden profit
Where 2023 was a year of transformation for Catalyst, with the purchases of both halves of the Plutonic Belt; 2024 has been a year of consolidating our purchases and driving operating performance. At an operational level, we were pleased to achieve gold production of 109,785 oz, which comprised 84,8
Slide 5: Operating turnaround and new management team
This excellent operating turnaround was achieved with a largely new management team, led by James Champion de Crespigny. The board is delighted with how the new team has progressed against our major priorities in operations and development. Operational cash flows were reinvested into the business al
Slide 6: Three-year guidance towards 200,000oz per annum
In September 2024, we provided our first three-year guidance and a roadmap to increasing group production towards 200,000oz per annum. We project this material increase in production to cost a modest $31m. This growth, and the low capital cost to do so, is made possible due to the existing, high-qua
Slide 7: Board expansion and outlook
Finally, as the scale of the Company expands, we intend to be adding further directors to your Board, to ensure we continue to have the relevant skills around the table to assist with the development of the business. The Board is excited about the Company’s future. We intend to remain disciplined an
Slide 8: Managing Director's welcome
Thank you David. And welcome shareholders to the Annual General Meeting. David spoke about how 2024 was transformative for Catalyst. I won’t spend too much time talking about the past 18 months, but would like to acknowledge for a moment our staff, management, consultants and contractors who have ta
Slide 9: Multi-asset gold producer
Today Catalyst is a multi-asset producer with 110koz of gold production per annum. We have a strong balance sheet with operational cashflows allowing us to self-fund our growth ambitions over the coming years. The Plutonic Gold Belt is the focus for the Company in the short to medium term. Under Cat
Slide 10: Reserve growth and stable Plutonic production
For example Plutonic has poured 7,000oz of gold every month under Catalyst’s ownership, bar the first month it took over. This reflects the stability of the operations – something we do not think has been well understood by the market as yet. During the year Catalyst increased Reserves by 105% after
Slide 11: Latent processing plant capacity
One of the key elements to Plutonic’s growth is the latent capacity within the existing infrastructure, in particular the Plutonic processing plant. This is currently operating at two- thirds capacity. Catalyst is studying opportunities to further increase the plant’s throughput without significant
Slide 12: Project development across the belt
Today, I want to spend a bit more time talking about Catalyst’s project development activities across the belt. We are fortunate to have an experienced team in this regard, led by Anthony Buckingham who is here with us today. [ASX release “1Moz Reserve allows Catalyst to double production for A$31m”
Slide 13: Four focus areas over the next 12-18 months
We will focus on four areas over the next 12-18 months: • In-mine at Plutonic – developing mineable stocks in known, virgin areas. This will serve to de-risk the Plutonic mine plan. • Plutonic East – an existing underground mine, 2km from Plutonic. Dewatering and rehabilitation is progressing well,
Slide 14: Virgin ore sources at Plutonic
At Plutonic we are focused on defining and developing virgin ore sources by targeting known areas of mineralization. These have been identified based on historical drilling. Catalyst’s performance to date at Plutonic has been achieved through remnant mining. We can continue to do this for 7 years, b
Slide 15: Plutonic East
Plutonic East was last mined by Barrick in 2012 when gold prices were A$1,500/oz. Catalyst has defined a three-year mine plan at 16koz per annum. Resource definition drilling has commenced and is targeting to grow the mine plan to 5 years. Dewatering and rehabilitation is progressing well and we rem
Slide 16: K2 and Trident developments
K2 was mined as an open pit in the 1990’s for 116koz at 4.0g/t. An underground decline was established and reached the orebody, but was abandoned at this point. As with Plutonic East this existing infrastructure significantly reduces Catalyst’s capital costs for K2 which will follow a similar develo
Slide 17: Combined mine plan and belt exploration potential
These developments are supported by a combined initial three-year mine life. Catalyst intends to continue Resource definition drilling once underground, targeting a five-year mine plan across four mines, feeding a central processing plant. Central to the Plutonic Gold Belt consolidation was the expl
Slide 18: Overthrust corridor exploration
The first area we are testing is the overthrust corridor. This is a structurally controlled granite overthrust which, despite hosting a number of deposits including Trident and K2, is underexplored. Our initial $3m reconnaissance program is targeting 20,000m across 20km, with a view to identifying f
Slide 19: Cinnamon corridor and Henty reserve
The second area of focus in the Cinnamon corridor. Similar to the overthrust corridor, this hosts a number of deposits but is poorly explored beyond these orebodies. At Henty, an updated Reserve of 154koz will underpin a 5 year mine life. This is the longest mine life at Henty since Barrick’s owners
Slide 20: Darwin Extension, Bendigo and Four Eagles
Catalyst commenced exploration drilling in the Darwin Extension zone earlier this quarter. This is an area long known about by geologists and Catalyst is excited by the progress to date. Bendigo remains a core asset for Catalyst. We continue to work with our joint venture partners and stakeholders t
Slide 21: Group Reserves and Resources
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Slide 22: Disclaimers
Az Disclaimers “seseintt FUTURE PERFORMANCE AND FORWARO.LOOKING STATEMENTS. ‘Sore statements inthis Presantation regarding estimates or future events are forward-looking statements. Thay include indications of, and guidance en, future matters. Forward ooking statements include, Dut are not ited to,
Slide 23: Contact
-22- catalyst 4°. METALS LTD Contact Craig Dingley Catalyst Metals E: investors@catalystmetals.com.au 1: +61 8 6107 5878 Fiona Marshall Strategic Communications White Noise Communications E: fiona@whitenoisecomms.com Tr +61 400512 109
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