Catalyst Metals (CYL) investor relations material

Financial and Operational Highlights

• Added AUD 150 million in cash over 12-24 months after significant capital investments and operational turnaround, with market capitalization at A$1.5bn and A$331m cash as of August 2026.

• Increased reserves from 0.5Moz in 2023 to 1.5Moz in 2025, targeting 2Moz and 200,000 oz annual production for a decade, supported by 4.5Moz in resources.

• Over AUD 250 million invested in mine development and infrastructure upgrades, with capital expenditure expected to decline as mines transition to production.

• Gold production has increased over the past three years, with FY26 output at 104koz and Q4 annualized run-rate exceeding 125koz; higher grade ore from new deposits expected to lower costs.

• Ongoing focus on building cash reserves while leveraging high gold prices and digesting recent capital investments.

Infrastructure and Project Development

• Major upgrades include new crushers, expanded camp, upgraded power plant, and ongoing processing plant enhancements, with FY27 capex allocated for further improvements.

• Constructed the largest tailings dam in 15+ years at Plutonic and expanded ROM pad to build large stockpiles for stabilized cash flow and production.

• Processing hub supports economies of scale and stable, long-term production, with six mines feeding a central 2Mtpa plant.

• Continued investment in plant throughput and infrastructure improvements.

Exploration and Mine Expansion

• Successfully completed Trident open pit, transitioning to underground mining, and brought three mines into production within 12 months, with two more in the pipeline.

• Discovery and development of high-grade Cinnamon deposit, with a study forthcoming to support a 10-year, 200,000 oz plan.

• Old Highway deposit targeted for production this year, following the Trident model.

• Grade control drilling advanced 12-18 months ahead at key deposits to ensure stable long-term cash flows.

• Over 40 shallow open pits identified across the belt, with ongoing exploration and resource definition targeting further growth.