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Investor P Presentation i 13 February 2012 Bruce Kay Non-Executive Director Catalyst Metals Ltd C Company Objectives Obj ti To create shareholder value by pursuing advanced gold and metals projects Develop a defined economic


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SLIDE 1

Investor P i Presentation

13 February 2012

Bruce Kay

Non-Executive Director

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SLIDE 2

Catalyst Metals Ltd

C Obj ti Company Objectives

 To create shareholder value by pursuing advanced

gold and metals projects

 Develop a defined economic resource at Four Eagles

Gold Project in Victoria

 Exercise option on Unity Gold Plant at Bendigo to

p y g process gold from Four Eagles

Early cash flow is the priority

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SLIDE 3

Current Projects

Mi i S i Minnie Springs

Molybdenum Tungsten Project Tungsten Project

Everton

Molybdenum Project

Four Eagles Gold Project

Molybdenum Project

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SLIDE 4

Making Things Happen

 Major drilling campaigns in 2011 (13,187 metres)  Option Agreement signed to purchase Unity Gold Plant  Shallow high grade gold intersected  Gold footprint now 5 kms x 3 kms

ibl ld i f d d fi d

 Four possible Gold Lines of Lode defined

50

Cents

C t l t Sh P i

40 50

High 51 cents

Catalyst Share Price

20 30

Low 20.5 cents Feb 11 May 11 Aug 11 Nov 11 Feb 12

slide-5
SLIDE 5

North Bendigo Gold Belt

230,000mE 250,000mE 270,000mE 290,000mE

F E l

V I C T O R I A N S W

NORTH

EL5295

Echuca

6,000,000mN

Pyramid

 Major gold belt

emerging north of Bendigo

5,980,000mN

EL4525

Mitiamo

White

Tandar

Four Eagles Prospective Target

Lockington

Bendigo

 Totally concealed by

Murray Basin

5,960,000mN

Tandarra Project

elaw Fault

rra F

Rochester

Gold deposit/

  • ccurrence

Town / city Main Road Railway

y sediments

 Whitelaw Fault

, ,

EL4525

Raywood Sebastian

Catalyst / PGM Farmin Drummond / Unity JV y Limit of base- ment outcrop Exploration Licence Holding Companies

controls gold

 Catalyst has 25km of

F t ill Bendigo Goldfield

5,940,000mN

Fosterville Bendigo

Unity JV Castlemaine Unity 100% Navarre / Northgate Northgate

strike length

 Option over Unity

D d P t ti l

Fosterville Goldfield Goldfield

5,920,000mN kilometres 20

Timpetra

Drummond Potential

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SLIDE 6

Bendigo / Ballarat Gold Zones

DPI predicts 32 million ounces of Gold under Cover

DPI

Governo

N S W

Bendigo - Ballarat

Gold Zone

143º 145º

p

(source: Victorian Department of Primary Industries, Gold Undercover Initiative)

DPI predicts 32 Mozs

W h i t e l a w F rnor Fault System

  • N. S. W.

Four Eagles Gold Project

Gold Zone

38º

 

60 million ounces produced 2 Deposits > 10 million ounces

60 M

F a u l t F a u l t

V I C T O R I A g j

p 5 deposits > 1 million ounces

60 Mozs Production

ca Fault unt William F Bendigo Total Gold Production Ballarat

Stawell

> 10 million ounces > 1 million ounces > 300,000 ounces Avoc Fault Mou

36º

Ballarat

MELBOURNE

Concealed by Murray Basin Sediments

300,000 ounces B a m b r a

NORTH

kilometres 100

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SLIDE 7

Bendigo: historic gold production

1,000

‘000 oz Au PRODUCTION BY YEAR BENDIGO GOLDFIELD FIRST 11 YEARS

Alluvial oz Au Lode oz Au TOTAL oz Au 300 000

600 800 Alluvial ounces 4.0 Moz Reef ounces 18.0 Moz Total 22.0 Moz

300,000 700,000 980,000 620,000 650,000

200 400

650,000 880,000 750,000 730,000 690,000

1850 1870 1890 1910 1930 1950

570,000 410,000

TOTAL 3,570,000 3,710,000 7,280,000

Estimated 50,000 ounces per vertical metre E 100 t t i 5 illi

Every 100 metres contains 5 million ounces

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SLIDE 8

Bendigo: a world-class gold target

New Chum Line

7.9mt @15.1g/t Au (3,850,000oz)

Nell Gwynne Li

Bendigo Goldfield

Line of Lodes

BENDIGO

  • n

Z

  • n

e

Garden Gully Line

10.8mt @15.0g/t Au (5,203,000oz)

Line

 18 million ounces

reef gold

URBAN

a ric l P r d

  • u

c t i

  • Hustlers Line

1.6mt @17.6g/t Au (918,000oz)

Deborah Line

reef gold

 4 million ounces

alluvial gold

AREA

H i s t

  • r

0.46mt @14.7g/t Au (217,000oz)

Sheepshead Line

2 3mt @11 6g/t Au

Napoleon Line

alluvial gold

 Possibly 7 million ounces

in top 200 metres

2.3mt @11.6g/t Au (852,000oz)

NORTH

in top 200 metres

 Large footprint

(8k 3k )

kilometres 2

(8kms x 3kms)

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SLIDE 9

Bendigo Target Size

Garden Gully Line of Lode (South)

SOUTH

500RL

249,000 oz (18.0g/t Au) 825,000 oz (19.2g/t Au) 1.372 Moz (13.3g/t Au)

0RL

  • 500RL

Metres

1000 126 000mN 127 000mN

  • 1000RL

125 000mN 124 000mN

Historic Stoping

LEGEND 1,000 metre depth

TOTAL GARDEN GULLY PRODUCTION

126,000mN 127,000mN 125,000mN 124,000mN

10.8 million tonnes @ 15g/t Au (5.2 million ounces)

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SLIDE 10

Bendigo Target Size

Garden Gully Line of Lode (North)

NORTH SOUTH

500RL

1.070 Moz (17.0g/t Au) 1.014 Moz (14.2g/t Au) 693,000 oz (13.4g/t Au)

0RL

  • 500RL

Metres

1000 131,000mN 132,000mN

  • 1000RL

130,000mN 129,000mN 128,000mN

Historic Stoping

LEGEND 1,000 metre depth

TOTAL GARDEN GULLY PRODUCTION

, , , , ,

10.8 million tonnes @ 15g/t Au (5.2 million ounces)

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SLIDE 11

2011 North Bendigo Gold Rush

 Not trying to prove the old timers wrong  Not spending $50 - $100 million below old workings

p g $ $ g

 Looking for virgin discoveries under shallow cover  Cheap exploration using Aircore ($2,000 per hole)  Potential open pit or shallow underground will negate  Potential open pit or shallow underground will negate

nugget problem

Catalyst wants the Bendigo that was mined from 1852 – 1862 : 7 million ounces f

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SLIDE 12

What lies beneath the wheat fields?

6m @ 82.7g/t Au (FE328) 1m @ 18 3g/t Au (FERC002) 1m @ 18.3g/t Au (FERC002) 3m @ 31.3g/t Au (FE415) 1m @ 17.5g/t Au (FEDD001) 3m @ 9.7g/t Au (FE380)

5mm

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SLIDE 13

Four Eagles Gold Project

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SLIDE 14

Four Eagles Drill Cross Section

FERC001 FE472 FE415 FERC002

Four Eagles Cross Section 5989369N

100m

a b a n d

  • n

e d

80m

COVER SEDIMENTS

3m @ 1.3g/t Au 6m @ 2.4g/t Au 3m @ 31 3g/t Au 3m @ 1.0g/t Au 3m @ 1.3g/t Au 2m @ 1.8g/t Au

ORDOVICIAN

40m 60m

OXIDISED / SAPROLITIC BASEMENT

3m @ 31.3g/t Au 1m @ 0.55g/t Au 1m @ 0.6g/t Au

BASEMENT

20m

Gold Mineralisation

>0.1g/t Au significant Au intercept >0 1g/t Au

1m @ 18.3g/t Au

20 0m

ZONE OF QUARTZ VEINS WITH GOLD MINERALISATION

>0.1g/t Au

Arsenic Anomalism

>100ppm As

245380mE 245420mE 245480mE 245500mE

  • 20m

Metres

50 245440mE 245460mE 245400mE

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SLIDE 15

Four Eagles Drill Cross Section

Proposed Diamond Drillholes 2012

Four Eagles Cross Section

5988925mN

DHP 01 DHP 02 FE300 FE299 FE328 FE298 FE329 FE297 FE330 FE296 FE331 FE295 FE294 DD DD 3m @ 0.51g/t Au, from 78m 3m @ 0.29g/t Au from 81m 3m @ 0.59g/t Au from 123m

0m

3m @ 1.0g/t Au from 126m 6m @ 82.7g/t Au from 123m; 6m @ 1.9g/t Au from 135m 0.7m @ 4.83g/t Au 0.8m @ 17.5g/t Au 0.4m @ 2.08g/t Au from 170 176m

Clay - Shepparton Fm. Sand Carbonaceous Clay Saprolite Zone

FEDD001 356m from 170-176m 0.7m @ 1.63g/t Au from 504m

Saprolite Zone Shale Sandstone Laminated Quartz Veins Basement Castlemaine Gp.

  • 250m

FOLD AXIS

250

FEDD002 511m

244000mE 244250mE 244500mE 244750mE

Metres

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SLIDE 16

Gold Footprint of Bendigo Goldfield

Four Eagles Gold Footprint

  • f Bendigo

Goldfield

W h i

4 NORTH

 Bendigo

8km x 3km

h i t e l a w F a u l t

EL5295

kilometres

Drillholes 0.2 to 0.5 g/t Au 0.5 to 1.0 g/t Au 1.0 to 5.0 g/t Au > 5.0 g/t Au Prospective target trend

INSET

 Four Eagles

5km x 3km and growing

Prospective target trend Gold Zone As Zone Fault Railway Main Road

SEE INSET

W h

and growing

Bendigo Goldfields Total Production Bendigo Goldfield line of lode overlay

h i t e l a w

EAGLE 2 ZONE EAGLE 5 TARGET

Total Production (1851 - 1954)

  • 18 million ounces

reef gold (14g/t Au)

  • 4 million ounces alluvial gold
  • 7 million ounces in

first 10 years

Mitiamo

F a u l t

Bendigo Goldfield Line of

EAGLE 1 TARGET EAGLE 4 ZONE EAGLE 3 ZONE

EL4525

2 km

Line of Lode Overlay

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SLIDE 17

Four Eagles Gold Project

250,000mE 240,000mE

EL5295

Railway

6,000,000mN

Drillholes 2011 Aircore (Catalyst) 0.2 to 0.5 g/t Au 0.5 to 1.0 g/t Au 1.0 to 5.0 g/t Au > 5.0 g/t Au Gold Zone

5,990,000mN

Catalyst & Navarre GOLD TRENDS

Arsenic Zone Main Road

Note: No Arsenic data available for Navarre

EL4525

Catalyst Metals

W h i t e l a w F a u l t

Mitiamo

5,990,000mN 5,980,000mN

East Tandarra Trend

5,970,000mN

Trend Tandarra Trend

EL4897

Navarre Minerals

kilometres 5 NORTH

5,970,000mN

slide-18
SLIDE 18

2012: Testing the Third Dimension

 Large gold footprint in oxidised zone with high grades

but little testing below

 Angled RC and Diamond drilling of Lines of Lode  Geophysics (CSAMT) to map quartz veins  Geophysics (CSAMT) to map quartz veins  Further Aircore drilling (10,000 metres) along

Whi l F l Whitelaw Fault

Objective: Minimum 150 000 ounces Objective: Minimum 150,000 ounces

  • f Inferred Gold Resource
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SLIDE 19

Four Eagles Gold Project

Heads of Agreement

Initial Phase

 $2 100 000 exploration spend by January 2014 to earn 50%  $2,100,000 exploration spend by January 2014 to earn 50%

interest in project with approx. $800,000 spent to date

 $100,000 cash (payable before 20 March 2012)

$ , (p y )

 750,000 CYL shares (to be issued before 20 March 2012)

At Farmin At Farmin

 2,500,000 CYL shares

Future Farmin Future Farmin

 $2,100,000 exploration spend to earn up to 75% interest in

project

 Providence Gold free carried until decision to mine

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SLIDE 20

Unity Gold Plant

 600,000 tpa  600,000 tpa  Original cost

  • approx. $65M
  • approx. $65M

 Built in 2006  Gravity/CIL  90% recovery  90% recovery  Exploration ground

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SLIDE 21

Unity Gold Plant Option

Option Agreement

Pre exercise

 $100 000 cash at signing to secure 12 month option  $100,000 cash at signing to secure 12 month option  1,000,000 CYL shares escrowed for 6 months  3 x $100,000 cash payable quarterly over 12 month option period with

right to withdraw at any time right to withdraw at any time

 Unity to keep tenements in good standing and maintain plant and

equipment during option period

Post exercise (31 January 2013) Post exercise (31 January 2013)

 2,000,000 CYL shares  $4,000,000 of CYL shares to a maximum of $10,000,000  Deferred royalty on future production with initial payment of  Deferred royalty on future production with initial payment of

$2,000,000 after 50,000t, plus production royalty of $5/t up to maximum of $4,000,000

 Replace environmental bond of approximately $6 000 000  Replace environmental bond of approximately $6,000,000

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SLIDE 22

Minnie Springs Project, W.A.

380,000mE 400,000mE 420,000mE

>0.5% 0.05 - 0.5% <0 05%

Tungsten in Rock (%W)

Gascoyne Mo-W Project

Catalyst Metals

7,340,000mN

<0.05% 200 Metres

7,335,800mE 7,336,200mE

Project

E0901776

E0901174

Nina Tungsten Project

389,400mE 389,800mE , ,

7 320 000mN

23m @ 0.16% & 17 @ 0 1% M S2

4

E0901303

E0801174

Minnie Creek Molybdenum Project

7,320,000mN

Molydenum

7,320,000mN

62m @ 0.15% MoS2 17m @ 0.1% MoS2 31m @ 0.18% MoS2 14m @ 0.10% MoS2

6 7 5

10

NORTH

45 - 142 15 - 45 5- 15

y in Soil & drilling

92m @ 0.04% MoS2 11m @ 0.1% MoS2

1 8

kilometres 7,318,000mN 395,000mE 393,000mE

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SLIDE 23

Everton Project, Victoria

4 4 4 000mN

EL4866

Wangaratta Beechworth

Visible Molybdenum Rock sample points 5,000 to 18,400 1,000 to 5,000 500 to 1 000 qua

462,200mE 462,100mE 462,300mE 9,570,000mN

EL4866

Everton

Canberra

500 to 1,000 0 to 500 Mine adit Historic workings Felsic Intrusive Sediments quarry limit

kilometres 10

Myrtleford

Melbourne

Everton

VICTORIA

5,969,800mN

Historic Molybdenum Production 1917–1944 21,000 tonnes @ 1.4% MoS2

5,969,700mN

quarry limit

5,969,600mN

NORTH metres 100

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SLIDE 24

Catalyst Capital Structure

Capital Structure (ASX:CYL)

 41,344,369 fully paid ordinary shares

1 000 000 li t d 20 t ti i i 30/06/2014

– 1,000,000 unlisted 20 cent options expiring 30/06/2014 – 1,000,000 unlisted 30 cent options expiring 30/06/2015 – 1,000,000 unlisted Performance Rights

, , g

 Top 20 control approximately 75% of issued capital

Cash in hand Cash in hand

 A$1.8 million (at 31 December 2011)

M k t C it li ti Market Capitalisation

 A$19 million (at 45 cents per share)

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SLIDE 25

Current Capital Raising

Share Purchase Plan

 $0.40 per share – 8.7% discount to 5 day VWAP  Shareholders can apply for up to $15 000 each  Shareholders can apply for up to $15,000 each  Maximum shares that can be issued is 12.4 million to

raise $4.96 million raise $4.96 million

 Timetable:

– Opens 15 February 2012 / Closes 14 March 2012 – Issue shares 20 March 2012 / Trading 21 March 2012

Bonus Issue – Loyalty Options

 1:8 entitlement issue within next 3 months  Intend to be listed on ASX  Exercisable at $0 50 each expiring 15 January 2013  Exercisable at $0.50 each, expiring 15 January 2013  Funds to be used for Unity acquisition

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SLIDE 26

Corporate Structure - Directors

Stephen Boston – Non-executive Chairman

The principal of a Perth-based private investment group specialising in the Australian resources sector. Previously worked as a Stockbroker from 1984 to 1998 in Perth and Sydney in Perth and Sydney.

Bruce Kay – Non-executive Director

Bruce was previously responsible for global exploration for Newmont Mining Corporation and Normandy Mining Limited Prior to this he held senior positions Corporation and Normandy Mining Limited. Prior to this he held senior positions within Western mining Corporation. Bruce has been a director and chairman of several other Australian listed companies and has over 30 years’ experience in international gold, base metals, and nickel exploration.

Robin Scrimgeour – Non-executive Director

The principal of a Singaporean-based Private Investment Company. Previously worked for an International Bank providing structured hybrid financing for Asian based Clients based Clients.

Gary Schwab – Non-executive Director

Over 40 years business experience, including 20 years in the resources sector. Previously Executive Director of a privately owned bulk commodities group y p y g p responsible for managing long term wealth creation strategy (in conjunction with the principal and owner) which culminated in the creation of one of Australia’s wealthiest unlisted private bulk commodities companies.

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SLIDE 27

Corporate Structure

Advisors

John Arbuckle – Corporate Advisor

John is an accountant with extensive experience in the resources industry in John is an accountant with extensive experience in the resources industry in Australia and overseas. Currently he operates a corporate advisory business that provides corporate and capital financing advice to resource industry companies. Previously he was the Chief Financial Officer of Mount Gibson Iron Limited and Perilya Limited where he guided both companies through difficult operational Perilya Limited, where he guided both companies through difficult operational start up phases. Prior to this he held senior financial management roles with Rio Tinto Limited, North Limited and Anaconda Nickel Limited.

Competent Person’s Statement Competent Person s Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Bruce Kay, who is a Fellow of the Australasian Institute of Mining and Metallurgy and is a consultant to Catalyst Resources

  • Limited. Mr Kay has sufficient experience that is relevant to the style of

mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition

  • f the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource
  • f the Australasian Code for Reporting of xploration, Results, Mineral Resource

and Ore Reserves’. Mr Kay consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

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SLIDE 28

Disclaimer and Forward Looking Statements

Thi t ti h b d b C t l t M t l Li it d (“C t l t”) Thi d t t i b k d

This presentation has been prepared by Catalyst Metals Limited (“Catalyst”). This document contains background information about Catalyst current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their

  • wn analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and
  • pinions contained in this presentation.

This presentation is for information purposes only Neither this presentation nor the information in it constitutes an

This presentation is for information purposes only. Neither this presentation nor the information in it constitutes an

  • ffer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.

This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdictions. Recipients should inform themselves of the restrictions that apply in their own

  • jurisdiction. A failure to do so may result in a violation of securities laws in such a jurisdiction.

This presentation does not constitute investment advice and has been prepared without taking into account the

This presentation does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. financial or political developments.

To the fullest extent permitted by law, Catalyst and its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

This presentation may include forward looking statements Forward looking statements are only predictions and are

This presentation may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Catalyst. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under any applicable law and the ASX Listing Rules, Catalyst does not undertake any obligation to update or revise any f f h f d l k h f h d information or any of the forward looking statements in this presentation of any changes in events, conditions or circumstances on which any such forward looking statement is based.

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SLIDE 29

Investor P i Presentation

13 February 2012

Bruce Kay

Non-Executive Director