• Plutonic gold production of 26,127oz for the quarter
• Discovery of high-grade zone beneath Cinnamon Resource presents potential sixth ore source
• Acquisition of significant land package in Bryah Basin creates contiguous 190km tenement package

Catalyst Metals Ltd reported its Q1 2026 activities, highlighting Plutonic gold production of 26,127oz, a high-grade discovery at Cinnamon that presents the potential for a sixth ore source, and the acquisition of a significant land package in the Bryah Basin that creates an almost contiguous 190km tenement package surrounding the central processing facility at Plutonic. The company's near-term strategy is to increase Reserves from ±1.5Moz to ±2Moz at the Plutonic Gold Belt to underwrite an increased production rate from ±100koz to ±200koz for ten years. This will be achieved through the five operational mines of Plutonic, Plutonic East, Trident, K2 and Old Highway, which will fill the currently underutilized Plutonic processing plant. Trident open pit mining progressed during the quarter, with the underground mine development expected to commence shortly. The development of K2, the fourth mine, is expected to ramp up in the upcoming quarter, with grade control drilling completed to de-risk the ramp-up. Exploration activities continued, with drilling at Old Highway extending the known mineralization 300m below the existing Resource, and further drilling underway at Cinnamon to test the extent of the high-grade discovery.

Catalyst retains production guidance of 100 - 110koz of gold produced for FY2026. AISC is now expected to be above the guidance range at A$2,750/oz to A$2,950/oz.

Catalyst's flagship asset, the Plutonic Gold Belt, has the potential to be a long-term, stable asset within the company's business. The near-term strategy is to define ±2Moz of Reserves at the Plutonic Gold Belt to underwrite an increased production rate from ±100koz to ±200koz for ten years, sourced from multiple mines.