• Executed Ore Purchase Agreements to secure production at Lakewood
• First Ore deliveries scheduled from November 2025, processing to be completed by January 2026
• Agreements to purchase up to 165,000t of Ore from third-party suppliers

Black Cat Syndicate Limited ('Black Cat' or 'the Company') has announced the signing of Ore Purchase Agreements to secure production at its Lakewood processing facility while the Fingals open pit and Majestic underground mines ramp up as part of the company's 'More Gold, Sooner' strategy. The Company has executed agreements to purchase up to 100,000t of Ore from a joint venture between BML Ventures Limited and Gibb River Diamonds Limited, and 65,000t from MEGA Resources Limited, with deliveries to Lakewood commencing in November 2025. Ore processing is expected to commence in December 2025 and be completed by January 2026. This is a win-win for all parties, as it maximizes mill utilization at Lakewood while the Company's own mines ramp up production. The ramp up at Fingals and Majestic is progressing as planned on an accelerated timeframe.

The signing of these Ore Purchase Agreements further secures Ore supply for Lakewood while the Fingals open pit and the Majestic underground mines are brought online. This is a key part of Black Cat's 'More Gold, Sooner' strategy, which aims to maximize gold production and cashflow.