Company Overview - Catalyst Metals Limited (ASX:CYL) has a market capitalization of A$1.3 billion as of June 30, 2025 [54] - The company holds A$230 million in cash and bullion [54] - The pro-forma enterprise value is A$1.0 billion [54] Production and Operations - Group production is approximately 108koz pa (FY25) at an AISC of A$2,317/oz [4] - The company aims to increase Plutonic production from approximately 85koz pa to approximately 200koz pa while lowering costs to approximately A$2,000/oz [4] - Plutonic Gold Belt reserves are 861koz as of June 30, 2024 [4] - Plutonic Gold Belt resources are 3.0Moz as of June 30, 2024 [4] Growth Strategy - Catalyst completed the acquisition of Old Highway for A$32.5 million in cash [8] - The company plans to increase production by developing three new mines [27] - The company is undertaking a 39,000m drill program targeting an exploration target of approximately 420koz to 610koz at approximately 4.2 to 5.1 g/t Au at Plutonic Main – Baltic Extension [36] Bendigo Gold Project - The Four Eagles project has a high-grade Iris Resource of 70koz at 26g/t [48] - The company secured a processing solution for the Bendigo Gold Project [45]

Core Viewpoint - DLP Resources Inc. has commenced drilling on the Aurora porphyry copper-molybdenum-silver project in southern Peru, marking a significant step in the exploration and potential economic evaluation of the project [1][9]. Group 1: Aurora Project Overview - The Aurora Project is an advanced stage porphyry copper-molybdenum exploration project located in the Province of Calca, southeastern Peru [9]. - A National Instrument 43-101 Technical Report was released on February 27, 2025, detailing the maiden Mineral Resources effective January 31, 2025, prepared by independent AMC Consultants Pty Ltd [2][11]. Group 2: Mineral Resource Highlights - The Aurora Project contains an Inferred Resource of over 1 billion tonnes, with 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver [5]. - The Inferred Resource is pit-constrained, with a total of 1,050 million tonnes grading 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, equating to 0.44% CuEq [4][5]. Group 3: Drilling Program and Economic Assessment - The 2025 drilling program will involve 6,000 to 7,000 meters across seven drill holes, focusing on both extension and infill drilling [7]. - A preliminary economic assessment (PEA) is scheduled to begin in August 2025, with an expected completion date in December 2025 [8][9]. Group 4: Historical Context - Historical drilling at the Aurora Project included thirteen holes drilled between 2001 and 2005, totaling 3,900 meters, which encountered significant copper and molybdenum mineralization [9][10]. - The current mineral resource is based on 24 diamond drill holes conducted by DLP, with a total drill meterage of 18,400 meters [11].

Core Viewpoint - Centerra Gold Inc. reported its first quarter 2025 operating and financial results, highlighting positive free cash flow, unchanged production guidance, and ongoing project advancements, particularly at the Kemess project [2][3]. Operations - Consolidated gold production for Q1 2025 was 59,379 ounces, with 35,880 ounces from Mount Milligan and 23,499 ounces from Öksüt [6][11]. - Copper production in the quarter was 11.6 million pounds [6]. - Mount Milligan produced 35,880 ounces of gold and 11.6 million pounds of copper, lower than planned due to lower gold grades [23]. - Öksüt produced 23,499 ounces of gold, also lower than planned due to lower grades and unfavorable weather conditions [27]. Financial - First quarter 2025 revenue was $299.5 million, a decrease of 2% from $305.8 million in Q1 2024 [9]. - Net earnings for Q1 2025 were $30.5 million, or $0.15 per share, down 54% from $66.4 million in Q1 2024 [11]. - Cash provided by operating activities was $58.6 million, with free cash flow of $10.0 million [11]. - The company maintained a strong cash position of $608 million, ensuring financial flexibility for ongoing projects [3][10]. Growth Initiatives - The company is advancing a Preliminary Economic Assessment on the Kemess project, expected to be completed by the end of 2025 [3]. - The updated mineral resource at Kemess includes 2.7 million ounces of indicated gold resources and 971 million pounds of indicated copper resources [8]. - Exploration guidance for Kemess has been doubled to between $10 million and $12 million for 2025, focusing on infill drilling and high-grade mineralization [3][8]. Capital Expenditures - Total capital expenditures in Q1 2025 were $46.9 million, with $68.1 million in additions to property, plant, and equipment [11]. - Non-sustaining capital expenditures were $25.8 million, primarily related to the restart of Thompson Creek [11][33]. Guidance - The company maintains its 2025 production guidance of 270,000 to 310,000 ounces of gold and 50 to 60 million pounds of copper [15][16]. - Gold production costs for Q1 2025 were $1,271 per ounce, with all-in sustaining costs of $1,491 per ounce [11][16].