• Extends tailings storage capacity to over 20 years
• Provides upgrade optionality for Lakewood processing facility
• Major step in expanding Lakewood to 1.5Mtpa and increasing gold production

Black Cat Syndicate Limited (ASX: BC8) has completed the acquisition of 100% of 90km2 of tenements adjacent to the 1.2Mtpa Lakewood processing facility, which is part of the Kal East Gold Operation. The key benefits of the acquisition include a potential extension of the current tailings storage capacity to over 20 years, providing upgrade optionality for the Lakewood facility, and representing a significant step in expanding Lakewood to 1.5Mtpa to achieve increased gold production. The transaction was for a cash consideration of $200,000, funded from Black Cat's strong operating cashflow. An engineering expansion study is ongoing, with results expected during the March 2026 quarter. The acquisition secures additional land for potential new water sources to support the expanded production.

The Lakewood processing facility expansion study is ongoing, with results expected in the March 2026 quarter. The expansion is expected to increase Lakewood's processing capacity from 1.2Mtpa to 1.5Mtpa, supporting increased gold production from the Kal East Gold Operation.

Black Cat is focused on ongoing production growth from the Kal East Gold Operation as part of its 'More Gold Sooner' strategy. The acquisition of the additional tenements is a major step in facilitating the planned expansion of the Lakewood processing facility to 1.5Mtpa.