Black Cat Syndicate Ltd. · ASX:BC8
Black Cat Syndicate — Diggers and Dealers Mining Forum 2025
23 slides from Black Cat Syndicate's conference presentation, Aug 6, 2025
Slide 1: A Fast Growing Western Australian Gold Producer
For personal use only A FAST GROWING WESTERN AUSTRALIAN GOLD PRODUCER ASX: BC8 BC8O bc8.com.au Aug 2025
Slide 2: Disclaimer, Distribution, and Disclosure
DISCLAIMER, DISTRIBUTION, AND DISCLOSURE Disclaimer and not for US distribution The information in this announcement that relates to Mineral Resources was compiled by Mr. Iain Levy, who is a Member of the AIG and an employee, shareholder and option holder of the Company. Mr. Levy has sufficient expe
Slide 3: More Gold Sooner, Growing Faster, Held Longer
MORE GOLD SOONER, GROWING FASTER, HELD LONGER Multi-asset Australian gold producer positioned for rapid growth For personal use only MORE GOLD SOONER GROWING FASTER HELD LONGER Targeting production rate of Accelerated growth strategy Focused on cash generation 100koz gold by end-20251 underway and i
Slide 4: Corporate Overview
CORPORATE OVERVIEW Myhree Myhree Paulsens Lakewood Lakewood Growing SUMMARY mining first gold first gold acquisition completion Production commenced announced ~708M Shares on Issue For personal use only ~43M Options & Performance Rights ~$600M Market Cap (5 Aug 2025) @ $0.855 ~4.5M/day Liquidity (av
Slide 5: Superior Gold Exposure
SUPERIOR GOLD EXPOSURE “More gold, sooner” bullion strategy provides increased leverage to gold price • Black Cat intends to retain a portion of production in dedicated gold bullion storage For personal use only • ~4,078oz (~$20.5M) has been retained and is in storage (as of June 30, 2025) • Black C
Slide 6: Quality Assets in a Top Jurisdiction
QUALITY ASSETS IN A TOP JURISDICTION Operating prolific, high-growth mines in Western Australia Coyote For personal use only KAL EAST (PRODUCING) PAULSENS (PRODUCING) • Open pit mines ahead of • Underground mining Paulsens schedule ramping up throughout 2025 • 37% q-o-q increase in gold • 30% q-o-q
Slide 7: Operations
For personal use only OPERATIONS ASX: BC8 I BC8O 7
Slide 8: Kal East: 1.3Moz on the Doorstep of Kalgoorlie
KAL EAST: 1.3MOZ ON THE DOORSTEP OF KALGOORLIE Production ramping up ahead of plan • Newly acquired 1.2Mtpa Lakewood facility brings forward Kal East production by ~15 months For personal use only • +50% throughput capacity increase compared to initial Kal East study • 37% q-o-q increase in gold pro
Slide 9: Kal East: Upcoming Growth Drivers
KAL EAST: UPCOMING GROWTH DRIVERS GOLD ACCELERATION STRATEGY LAKEWOOD EXPANSION UNDERWAY For personal use only • Lakewood (throughput expansion) • Fingals open pit (base load ore) • Majestic underground (dewatering) • Myhree underground (approved) • Jones Find (reoptimising) • Imperial (new open pit
Slide 10: Paulsens: First Gold on Time and on Budget
PAULSENS: FIRST GOLD ON TIME AND ON BUDGET Strong production and Resource growth underway For personal use only • 29% q-o-q increase in gold production to 4,600oz for June Quarter • 36% q-o-q increase in development to 1,684m with over 4,000m completed to date • Operations ramping up; expected effic
Slide 11: Paulsens: 1Moz Gold Mined; Growing Resource
PAULSENS: 1MOZ GOLD MINED; GROWING RESOURCE Extending mine life at a prolific past producer • Paulsens operated for 13 years averaging ~70,000oz pa For personal use only • Average historical Resource of 270koz (<2.5 years mine life) • Drilling underway to support mining and grow near-mine targets: •
Slide 12: Organic Growth Projects
For personal use only ORGANIC GROWTH PROJECTS ASX: BC8 I BC8O 12
Slide 13: Coyote: Third Gold Operation, Already in the Portfolio
COYOTE: THIRD GOLD OPERATION, ALREADY IN THE PORTFOLIO One of Australia’s highest-grade gold mines • Current Resource of 645koz Au (3.7Mt @ 5.5g/t Au) For personal use only • Underground Resource 360koz Au (14.6g/t Au) • 300ktpa plant: only processing plant in West Tanami; village/airstrip • Future
Slide 14: Mt. Clement: High-Grade Antimony Potential
MT. CLEMENT: HIGH-GRADE ANTIMONY POTENTIAL Australia’s largest undeveloped antimony deposit • 4th largest antimony Resource in Australia: 794kt @ 1.7% Sb (~13kt), +Au, +Ag For personal use only • Only 20% of mapped veins drilled to date • JORC Exploration Target1: 3.4-5.9Mt @ 1.2-1.9% Sb for 47-103k
Slide 15: Summary
SUMMARY Multi-asset gold producer positioned for rapid growth Coyote For personal use only Accelerated gold production: More gold, sooner • Targeting ~100,000ozpa production rate by end of 20251 Paulsens • Organic growth to aspirational target of over 200kozpa2 Two assets in production: Group Resour
Slide 16: Appendices
APPENDICES For personal use only Level 4, 507 Murray Street, Perth WA 6000 PO Box 184, West Perth WA 6872 +61 (0)458 007 713 [email protected] www.bc8.com.au ABN 63 620 896 282 16
Slide 17: Proven, Skilled Leadership Team
PROVEN, SKILLED LEADERSHIP TEAM BOARD OF DIRECTORS Gareth Solly • Former Senior Management roles with Norilsk Nickel, Silver Lake Resources and Saracen Minerals For personal use only Managing Director BSc (1st Class Hons.), Dip Business • Registered Mine Manager at Daisy Milano Gold Mine Paul Chapma
Slide 18: Paulsens: 1Moz Deposits Are Not Formed in Isolation
PAULSENS: 1MOZ DEPOSITS ARE NOT FORMED IN ISOLATION • ~3,650 km2 of granted and pending tenure • Extensive strike of highly prospective fault zones For personal use only • Limited regional drilling • Exploration in 2025, including: • Paulsens Near Mine (Au) • Belvedere (Au) • Big Sarah (Au) • A JORC
Slide 19: Big Sarah: Big Potential – Undrilled!
BIG SARAH: BIG POTENTIAL – UNDRILLED! • ~90km southeast of Paulsens • Historical gold production at Big Sarah pre-WWII ~220oz @ 52.6g/t Au For personal use only • Paulsens at the same time produced ~840oz @ 9.5g/t Au • 5km long gold in soil anomaly around old workings • ~35km strike length of the
Slide 20: Gold Resource Summary
GOLD RESOURCE SUMMARY For personal use only Notes: 1. The preceding statements of Mineral Resources conforms to the ‘Australasian Code for Reporting of Exploration Results Mineral Resources and Ore Reserves (JORC Code) 2012 Edition’. 2. All tonnages reported are dry metric tonnes. 3. Data is rounded
Slide 21: Ore Reserves
ORE RESERVES Proven Reserves Probable Reserves Total Reserves Operation Tonnes Grade Metal Tonnes Grade Metal Tonnes Grade Metal (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) (‘000s) (g/t Au) (‘000s oz) Kal East For personal use only Open Pit - - - 3,288 1.8 193 3,288 1.8 193 Underground -
Slide 22: Antimony Resources Summary
ANTIMONY RESOURCES SUMMARY Resource Tonnes Zone Au (g/t) Cu (%) Sb (%) Ag (g/t) Pb (%) Au (koz) Cu (kt) Sb (kt) Ag (koz) Pb (kt) Category (‘000) For personal use only Inferred 415 - 0.4 0.2 76.9 - * 1.6 0.7 1,026 - Western Total 415 - 0.4 0.2 76.9 - * 1.6 0.7 1,026 - Inferred 532 - - - - - * - - - -
Slide 23: JORC Exploration Targets
JORC EXPLORATION TARGETS Main Tonnes Grade Range Contained Metal Range Location Commodity (Mt) Sb (%) Pb (%) Ag (g/t) Au (g/t) Sb (kt) Pb (kt) Ag (koz) Au (koz) Paulsens Near Mine Au 1.0 - 1.4 7.0 – 12.0 250 – 500 For personal use only Paulsens Regional Au 4.0 - 8.0 5.0 – 10.0 1,000 – 2,000 Mt Cleme
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