Black Cat Syndicate (BC8) 2025 Earnings Call Presentation

Company Overview - Black Cat Syndicate has approximately 708 million shares on issue[26] - The company's market capitalization was around $600 million as of August 5, 2025, with a share price of $0.855[26] - The company had approximately $54 million in cash and bullion as of June 30, 2025[26] - Directors hold approximately 3.7% of the company's shares, representing an investment of around $5.5 million[26] Production and Resources - The company is targeting a production rate of approximately 100,000 ounces of gold by the end of 2025[23, 71] - The company aspires to achieve over 200,000 ounces of gold per year from organic growth projects[24, 71] - Group Resources: 2.5 million ounces of gold at 2.9 g/t Au and approximately 13,000 tonnes of antimony at 1.7% Sb[24, 36, 70] - Kal East Gold Resource: 1.3 million ounces of gold at 2.1 g/t Au[37, 41, 43] - Paulsens Gold Resource: 548,000 ounces of gold at 4.0 g/t Au, including a high-grade underground Resource of 400,000 ounces at 9.5 g/t Au[38, 52] - Coyote Gold Resource: 645,000 ounces of gold at 5.5 g/t Au, including an underground Resource of 360,000 ounces at 14.6 g/t Au[38, 62] Operations and Growth - Gold production increased 33% quarter-over-quarter, with mine ramp-ups ongoing[24] - Kal East gold production increased 37% quarter-over-quarter to 12,156 ounces for the June Quarter[37, 43, 44] - Paulsens gold production increased 29% quarter-over-quarter to 4,600 ounces for the June Quarter[38, 52, 53] - Paulsens development increased 36% quarter-over-quarter to 1,684 meters[52, 53]