Black Cat Syndicate (BC8) Earnings Call Presentation

Production and Growth Targets - The company is targeting a production rate of approximately 100,000 ounces of gold by the end of 2025[23, 68] - The company has an aspirational target of over 200,000 ounces of gold per annum from organic growth projects[24, 68] - Kal East gold production increased 37% quarter-over-quarter to 12,156 ounces in the June quarter[34, 40, 41] - Paulsens gold production increased 29% quarter-over-quarter to 4,600 ounces in the June quarter[35, 49, 50] Resources and Reserves - Group Resources total 2.5 million ounces of gold at 2.9 g/t Au and approximately 13,000 tonnes of antimony at 1.7% Sb[24, 33, 67] - Kal East has a gold Resource of 1.3 million ounces at 2.1 g/t Au and Ore Reserves of 0.24 million ounces at 2.0 g/t Au[34, 40] - Paulsens has a gold Resource of 548,000 ounces at 4.0 g/t Au, including a high-grade underground Resource of 400,000 ounces at 9.5 g/t Au[35, 49] - Coyote has a gold Resource of 645,000 ounces at 5.5 g/t Au, including an underground Resource of 360,000 ounces at 14.6 g/t Au[35, 59, 60] - Mt Clement has an antimony Resource of approximately 13,000 tonnes at 1.7% Sb[34, 65] Financial Position - The company has approximately $56 million in cash, bullion, and listed investments[23] - The company has approximately $2.0 million in investments in ASX:DRE[26]