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CATALYST METALS LIMITED Capital/Financing Update 2022

Jan 26, 2022

64743_rns_2022-01-26_59d36c09-7cdb-401a-b37f-4e59b470b4e9.pdf

Capital/Financing Update

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ASX Announcement
27 January 2022
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HENTY SEES NEAR MINE HIGH GRADE GOLD INTERSECTIONS IN NEW AREAS

  • Henty’s standout gold intersections for the quarter include:

  • 10.1m @ 12.8 g/t Au

  • 4.7m @ 19.2g/t Au

  • 10.4m @ 14.8g/t Au

  • 7.1m @ 13.0g/t Au

  • 1.95m @40.8g/t Au

  • Drilling confirms mineralisation in new areas has potential to extend Resource near current underground workings

  • Exploration program to increase Henty’s mine life well under way with four drill rigs operating and another on way

  • Overall, of 117 holes drilled, 42 intercepts reported greater than 20g/t Au metres

Catalyst Metals Limited ( Catalyst or the Company ) (ASX: CYL ) is pleased to announce that it has continued its exploration success at the Henty Gold Mine in Tasmania. Results are reported here for the period between 1 October and 31 December 2021. These results are in addition to the previous quarter’s high-grade results which were reported to the ASX on 8 November, 2021.

Underground diamond drilling continued with three rigs in operation and a fourth due to arrive in February (a further rig conducts surface exploration). Drilling was carried out in the upper part of the mine on Zone 96, Intermediate Zone and Zone 15 as well as on the Darwin Zones at the south end of the mine (Figures 1,2 and 3).

Many of the intersections are beyond the limits of the 2021 Resource model and have the potential to contribute to an increase in Resources and Reserves as well as a higher gold grade in future production profiles.

Drilling on the Intermediate Zone and Collar Zones is showing high grade mineralisation in a new area that can now be drilled from recently completed development drives. This area has the potential to extend southward where old surface drillholes have shown gold zones in the 7g/t to 14 g/t Au range

Mr Bruce Kay, Catalyst’s Technical Director stated “ The three new development drives have enabled underground drill access to an untested area (Collar Zone) south and down plunge of the Intermediate Zone for the first time ever and this is already generating economic intersections. Surface drilling will also target this area in the current quarter

E [email protected] W catalystmetals.com.au

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T +61 8 6107 5878

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Of the 117 holes drilled during the period, the majority contained gold mineralisation and 42 had intervals greater than 20 g/t Au metres.

High gold grades greater than 50 g/t Au metres were recorded in eleven holes. A further 31 intervals reported greater than 20 g/t Au metres. These intersections are shown on Figure 2 and 3 and included in Appendix 1.

With the arrival of the fourth underground drill rig in February, the drilling activity will increase considerably, enabling the testing of large areas along the Henty Fault above the previously mined areas.

Zone 96 Darwin Intermediate Zone 10.1m @ 12.8 g/t Au 12.85m @ 4.0g/t Au 2.6m @ 13.7g/t Au 4.7m @ 19.2g/t Au 7.1m @ 13.0g/t Au 0.8m @ 25.7g/t Au 10.4m @ 14.8g/t Au 1.95m @ 40.8g/t Au 5.2m @ 4.5g/t Au 6.2m @ 9.2g/t Au 2.7m @ 24.6g/t Au 2.1m @ 13.6g/t Au 2.95m @ 18.7g/t Au 3.0 m @ 11.1g/t Au 6.75m @ 10.9g/t Au 7.9m @ 2.7g/t Au 3.9m @ 14.9g/t Au 2.3m @ 12.7g/t Au 2.3m @ 10.7g/t Au 5.6m @ 3.9g/t Au 5.0m @ 4.2g/t Au 1.1m @ 19.9g/t Au 3.1m @ 10.6g/t Au 3.6m @ 7.7g/t Au 4.0m @ 9.1g/t Au 5.15m @ 5.3g/t Au 6.1m @ 5.4g/t Au 1.8m @ 17.6g/t Au 7.25m @ 4.0g/t Au 4.35m @ 4.9g/t Au 0.8m @75.3g/t Au 4.8m @ 5.5g/t Au 2.55m @ 12.6g/t Au 1.1m @ 40.3g/t Au 7.7m @ 3.7g/t Au 2.5m @ 8.8g/t Au 2.6m @ 7.8g/t Au 5.0m @ 4.9g/t Au 4.8m @ 4.1g/t Au 3.5m @ 10.3g/t Au 3.0m @ 7.5g/t Au 4.0m @ 10.2g/t Au

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Henty North Exploration Program

Surface drilling commenced in August to test potential for mineralised extensions in the Henty Mine corridor north of the mine. A total of 1,323m was drilled by the end of the Quarter in three holes. Two holes (CEH001, CEH002) drilled in the Henty Mine corridor targeted the projected extension of the Henty structural position and the third hole (CEH003) drilled a geochemical anomalous area west of the Henty Fault.

The current drilling has confirmed the presence of strong Henty style alteration 250m north of the Sill Zone in chemically receptive Zig Zag Hill epiclastics which host some of the mineralisation within the northern end of the mine. The drilling also revealed a previously unknown north-west oriented structural inflection in the Henty Fault associated with significant deformation over a 70m zone downhole. This is interpreted to represent an interfering cross-structure or structures. These holes are undergoing detailed structural analysis prior to sampling and assaying.

On the completion of this program, surface drilling will commence within the Henty Mine corridor targeting extrapolated mineralisation above the Henty Mine workings. Up to seven holes for 2,700m are planned testing targets located up-plunge of high-grade linear shoots of gold within the mineralised Henty Lodes.

Catalyst’s CEO, John McKinstry added “ The results from the quarter continue to demonstrate that Henty Mine has plenty more to give. Catalyst has owned Henty for one year, and our exponential knowledge growth is increasing confidence that new mineralised zones identified will become the next new mining frontiers.

This announcement has been approved for release by the Board of Directors of Catalyst Metals Limited.

For further information contact:

John McKinstry Bruce Kay James Champion de Crespigny CEO Technical Director Director T:+61 421 987 643 +61 400 613 180 +61 417 183 213

Competent person’s statement

The information in this report that relates to exploration results is based on information compiled by Henty geological staff and reviewed by Mr Bruce Kay, a Competent Person, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Kay is a non-executive director of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Kay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

JORC 2012 Mineral Resource

Catalyst confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not been materially modified from the original market announcements.

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Figure 1: Henty longitudinal projection showing resource outlines and area of drilling between October 2021 and December 2021

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Figure 2: Henty long projection from enlargement in Figure 1 showing significant intersections in drill holes completed between October 2021 and December 2021. Full details of all holes in Appendix 1

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Figure 3: Henty long projection of Darwin South from enlargement in Figure 1 showing significant intersections in drill holes completed between October 2021 and December 2021. Full details of all holes in Appendix 1

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Figure 4: Henty North Area showing location of surface drillholes

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APPENDIX 1: HENTY SUMMARY OF EXPLORATION DRILLING RESULTS 1 OCTOBER 2021 TO 31 DECEMBER 2021

Table 1a: Diamond Drill Hole Collars

Hole_ID Max_Dpth Dip Local_Azimuth MAG_Azimuth Local_East Local_North Local_RL
Z21946 149.6 0.1 286.6 294.2 20089.0 52873.7 1929.4
Z22151 182.1 -52.4 237.7 245.3 19785.8 54648.6 2078.9
Z22209 105 3.0 235.7 243.3 19858.9 55003.7 2427.5
Z22212 82 31.0 267.3 274.9 19858.4 55004.2 2428.8
Z22214 95 20.3 281.1 288.7 19858.1 55004.9 2428.4
Z22240 329.1 -37.4 260.0 267.6 19885.0 54938.5 2156.1
Z22266 173 -37.9 259.5 267.1 19850.8 54907.8 2396.6
Z22270 101.5 -3.7 243.3 250.9 19851.1 54907.1 2398.0
Z22271 143.4 -29.3 242.4 250.0 19851.1 54907.1 2397.0
Z22272 119.4 -18.6 239.7 247.3 19851.1 54907.0 2397.4
Z22273 107.5 1.5 226.0 233.6 19851.2 54906.2 2398.2
Z22274 110.4 -8.3 232.9 240.5 19851.1 54906.6 2397.8
Z22275 137.4 -21.6 232.0 239.6 19851.1 54906.6 2397.2
Z22291 42.5 17.7 268.2 275.8 19730.5 54901.9 2111.5
Z22292 39.8 30.9 250.3 257.9 19731.0 54901.2 2112.2
Z22293 50.4 8.0 257.0 264.6 19730.7 54901.5 2111.0
Z22294 50.4 4.8 249.0 256.6 19730.9 54901.2 2110.8
Z22295 74.4 6.2 233.7 241.3 19731.1 54900.6 2110.9
Z22297 80.3 -25.4 289.8 297.4 19730.1 54903.0 2109.4
Z22298 75.3 -22.2 266.0 273.6 19730.5 54901.9 2109.6
Z22299 74.6 -14.6 257.9 265.5 19730.9 54901.6 2110.1
Z22301 76.9 -13.8 242.1 249.7 19731.2 54900.9 2110.2
Z22304 53.5 18.4 222.8 230.4 19728.3 54973.5 2124.9
Z22305 47.4 -16.2 231.7 239.3 19728.6 54974.1 2124.0
Z22310 62.3 27.0 321.0 328.6 19729.8 54981.3 2125.5
Z22311 81.8 25.3 327.2 334.8 19730.0 54981.2 2125.4
Z22312 62.5 13.6 326.7 334.3 19729.9 54981.3 2124.8
Z22313 94 -5.1 318.3 325.9 19730.2 54981.3 2124.1
Z22318 41.5 8.7 279.1 286.7 19729.3 54907.1 2111.2
Z22319 37.9 -3.6 278.2 285.8 19729.1 54907.2 2110.5
Z22321 53.4 5.0 312.2 319.8 19729.8 54908.7 2111.0
Z22322 87.6 4.6 320.6 328.2 19730.2 54908.9 2110.9
Z22323 72 -27.4 296.9 304.5 19729.3 54908.1 2109.2
Z22325 83.6 -27.9 323.4 331.0 19730.5 54908.7 2109.6
Z22326 83.4 -19.0 332.2 339.8 19730.8 54909.0 2109.9
Z22328 56.4 -36.1 245.8 253.4 19749.5 55064.4 2202.8
Z22336 113.5 -16.9 282.7 290.3 19851.0 54908.7 2397.5
Z22337 98.3 47.9 292.3 299.9 19852.4 54892.4 2401.1
Z22338 89.7 35.0 282.5 290.1 19852.0 54892.2 2400.1

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Z22339 86.5 17.2 277.6 285.2 19851.7 54892.1 2399.2
Z22340 89.2 44.9 279.7 287.3 19852.2 54892.1 2400.9
Z22341 86 41.9 270.0 277.6 19852.0 54891.8 2400.8
Z22342 95.6 58.2 253.6 261.2 19853.0 54891.6 2401.3
Z22343 82.2 15.9 250.5 258.1 19850.6 54890.6 2399.5
Z22344 82 32.3 247.5 255.1 19850.9 54890.6 2400.6
Z22345 82.1 44.9 250.5 258.1 19851.6 54891.0 2401.2
Z22353 98.2 21.5 204.5 212.1 19854.4 54801.4 2401.7
Z22354 110.2 20.0 196.8 204.4 19854.9 54801.4 2401.6
Z22356 110.3 -39.7 253.3 260.9 19853.1 54806.2 2398.9
Z22357 133.8 -39.0 220.2 227.8 19853.6 54804.8 2398.6
Z22358 104.3 -22.2 253.4 261.0 19853.0 54806.2 2399.4
Z22361 74 30.2 287.9 295.5 19853.2 54807.5 2401.7
Z22362 141 -17.4 208.9 216.5 19853.6 54803.8 2399.3
Z22363 82.5 1.2 256.8 264.4 19770.5 55024.5 2114.1
Z22364A 97 -12.8 256.6 264.2 19770.4 55024.6 2113.6
Z22365A 98.1 -19.8 262.9 270.5 19770.4 55024.5 2113.3
Z22366 80.5 -4.2 267.3 274.9 19770.3 55024.7 2113.9
Z22367 104 -26.3 272.1 279.7 19770.2 55024.8 2113.1
Z22369 104.4 1.2 277.5 285.1 19770.6 55024.1 2114.3
Z22370 93 -10.9 279.1 286.7 19770.6 55024.0 2114.0
Z22371 103.3 -7.2 284.9 292.5 19770.5 55024.2 2114.0
Z22372 112.3 27.5 247.5 255.1 19825.9 54788.8 2268.4
Z22373 107.2 29.6 257.2 264.8 19825.3 54789.1 2268.9
Z22374 110.2 18.4 259.5 267.1 19825.5 54789.2 2267.9
Z22375 111.9 11.9 262.8 270.4 19825.5 54789.4 2267.5
Z22376 119.2 11.9 246.4 254.0 19826.1 54788.8 2267.4
Z22377 118.6 4.7 249.8 257.4 19826.0 54788.9 2267.0
Z22382 140.6 -22.4 254.5 262.1 19826.0 54789.1 2266.1
Z22383 115.8 8.2 204.3 211.9 19854.4 54801.4 2400.7
Z22384 197.4 -14.5 203.3 210.9 19854.7 54802.1 2399.6
Z22385 32.2 36.4 252.7 260.3 20126.2 52674.0 1786.3
Z22386 34 42.3 229.5 237.1 20126.3 52673.9 1786.5
Z22387 37 37.0 196.1 203.7 20125.6 52675.7 1786.0
Z22388 35.6 -8.5 205.3 212.9 20125.9 52675.0 1784.4
Z22389 30.9 13.6 205.7 213.3 20125.9 52675.0 1785.1
Z22390 39 27.5 183.7 191.3 20130.1 52671.8 1785.7
Z22391 61 12.4 158.5 166.1 20131.1 52672.2 1785.0
Z22392 42.6 2.0 175.3 182.9 20130.3 52672.0 1784.7
Z22393 55 11.5 166.4 174.0 20130.6 52672.0 1785.0
Z22394 78.9 28.4 214.3 221.9 19853.7 54801.7 2402.1
Z22398 180.9 -7.0 198.7 206.3 19854.9 54801.9 2399.8
Z22401 14.1 33.4 138.7 146.3 19829.6 53173.6 1846.6
Z22403 42 -8.6 196.9 204.5 19845.6 53202.5 1844.4
Z22404 38 26.2 200.2 207.8 20074.8 52786.1 1783.9

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Z22405 20 41.0 210.1 217.7 20074.6 52786.4 1784.5
Z22406 22 22.0 222.0 229.6 20074.4 52786.5 1783.7
Z22407 16 40.0 231.0 238.6 20074.4 52786.8 1784.3
Z22408A 16 51.4 246.3 253.9 20072.2 52793.7 1785.1
Z22409 18.6 43.6 265.0 272.6 20072.1 52794.6 1784.6
Z22410 21 34.3 261.2 268.8 20072.0 52794.5 1784.2
Z22412 141.3 -6.7 250.1 257.7 19839.1 54718.4 2267.9
Z22416 137.8 -11.7 267.3 274.9 19839.0 54719.1 2267.7
Z22421 146.4 -24.3 266.2 273.8 19838.9 54719.1 2267.3
Z22427 118.4 -43.5 292.6 300.2 19839.0 54720.2 2266.5
Z22430 152.3 -46.1 228.3 235.9 19839.5 54717.5 2266.5
Z22441 82 6.3 253.0 260.6 19746.9 55059.9 2108.7
Z22442 81 0.9 250.3 257.9 19747.0 55059.8 2108.5
Z22443A 83.6 -16.7 242.7 250.3 19747.5 55058.9 2108.1
Z22444A 81 7.1 263.0 270.6 19746.9 55060.5 2108.7
Z22445 80 1.3 264.5 272.1 19746.9 55060.6 2108.5
Z22446 80.5 -15.8 261.1 268.7 19747.0 55059.5 2108.0
Z22447 80 7.2 272.8 280.4 19746.7 55060.9 2108.8
Z22448 83.5 2.7 278.4 286.0 19747.1 55061.0 2108.6
Z22449 86 -7.6 279.9 287.5 19746.9 55060.1 2108.3
Z22453 90.1 -6.6 290.7 298.3 19746.9 55060.5 2108.3
Z22454 101.5 7.7 304.2 311.8 19747.0 55061.1 2108.8
Z22455 99 -4.6 303.8 311.4 19747.0 55061.1 2108.3
Z22458 96 -4.5 289.0 296.6 19794.6 55456.1 2425.7
Z22503 45 17.5 260.0 267.6 19735.2 54942.4 2177.5
Z22504 45 19.6 269.5 277.1 19735.3 54942.5 2177.6
Z22505A 39 20.0 278.1 285.7 19734.8 54947.7 2178.3
Z22506 38.5 20.6 282.5 290.1 19735.6 54947.1 2177.7
Z22508 24.5 22.0 62.0 69.6 19704.5 54850.4 2105.3
Z22511 22 35.0 114.0 121.6 19704.5 54848.5 2105.8
Z22513 21 15.2 123.9 131.5 19704.6 54848.1 2104.9
Z22515 33 11.1 142.4 150.0 19703.9 54847.5 2104.8

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Table 1b: Diamond Drill Hole Assay results Significant intersections reported and all holes with no significant intersection are reported with maximum down hole assay.

Hole ID Depth From Depth To Length Au g/t Ore Zone Structure (Lens)
Z21937 121.00 122.00 1.00 0.1 Read Zone FW0?-No significant intercepts
Z21946 143.80 144.00 0.20 0.1 Read Zone HW-No significant intercepts
Z22151 113.80 114.40 0.60 0.7 Zone 15 No significant intercepts
Z22209 99.65 100.50 0.85 5.9 Intermediate Zone HW2
Z22209 81.55 82.50 0.95 3.1 Intermediate Zone FW2
Z22212 73.30 78.95 5.65 1.2 Intermediate Zone FW2
Z22214 91.80 93.70 1.90 1.7 Intermediate Zone HW2
Z22240 279.60 280.10 0.50 2.8 Zone 15 HW1?
Z22266 152.70 153.70 1.00 2.8 Zone 96 FW1
Z22266 157.90 160.30 2.40 2.7 Zone 96 HW1a?
Z22266 147.95 148.70 0.75 2.6 Zone 96 FW2?
Z22270 71.00 72.00 1.00 1.6 Intermediate Zone FW2
Z22271 97.80 98.40 0.60 24.2 Intermediate Zone FW2
Z22272 85.40 88.00 2.60 13.7 Intermediate Zone FW2- incl 1.0m @ 20.16g/t Au
Z22272 81.20 83.55 2.35 3.9 Intermediate Zone FW
Z22272 116.30 117.20 0.90 3.0 Intermediate Zone HW2
Z22272 113.85 114.40 0.55 2.0 Intermediate Zone HW1
Z22273 104.50 105.30 0.80 3.1 Intermediate Zone HW2
Z22273 72.00 73.20 1.20 2.8 Intermediate Zone FW2
Z22274 105.70 108.10 2.40 1.3 Intermediate Zone HW2
Z22275 92.05 93.05 1.00 4.1 Intermediate Zone FW
Z22275 132.80 133.80 1.00 1.1 Intermediate Zone FW2
Z22291 32.80 36.70 3.90 14.9 Zone 96 HW1
Z22291 21.60 22.60 1.00 11.8 Zone 96 FW2
Z22291 40.40 41.90 1.50 6.3 Zone 96 HW1
Z22291 10.50 11.70 1.20 4.8 Zone 96 FW3
Z22292 14.85 15.85 1.00 2.2 Zone 96 FW3
Z22292 38.75 39.30 0.55 1.5 Zone 96 FW1
Z22293 26.40 28.70 2.30 10.7 Zone 96 FW1
Z22293 38.60 43.60 5.00 4.2 Zone 96 HW1-Incl 1.0m @ 16.3 g/t Au
Z22293 21.65 22.65 1.00 2.0 Zone 96 FW2
Z22294 22.50 23.50 1.00 14.0 Zone 96 FW2
Z22294 36.20 39.30 3.10 10.6 Zone 96 HW1- Incl 1.0m @ 23.8 g/t Au
Z22294 29.00 32.60 3.60 7.7 Zone 96 FW1- Incl 1.0m @ 23.1 g/t Au
Z22294 10.00 12.15 2.15 2.8 Zone 96 FW3
Z22295 11.10 12.10 1.00 16.6 Zone 96 FW3
Z22295 52.30 62.40 10.10 12.8 Zone 96 HW1- Incl 1.0m @ 101.4 g/t Au
Z22295 42.35 42.85 0.50 9.1 Zone 96 HW
Z22295 34.30 37.70 3.40 4.9 Zone 96 FW1
Z22297 10.90 12.25 1.35 3.7 Zone 96 FW3

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Z22297 31.30 32.40 1.10 2.0 Zone 96 FW2
Z22297 52.90 53.90 1.00 1.3 Zone 96 HW0
Z22298 53.00 53.40 0.40 2.1 Zone 96 HW0
Z22298 29.50 33.30 3.80 1.9 Zone 96 FW2?
Z22299 50.00 54.00 4.00 9.1 Zone 96 HW1a- incl 0.5m @ 21.5g/t Au
Z22299 47.00 48.00 1.00 4.9 Zone 96 HW1
Z22299 37.78 38.40 0.62 4.3 Zone 96 FW1
Z22299 29.60 31.00 1.40 3.8 Zone 15 FW1
Z22301 49.00 50.60 1.60 12.3 Zone 96 HW1- Incl 0.3m at 53.4 g/t Au
Z22301 32.40 33.00 0.60 1.6 Zone 96 FW2?
Z22304 39.00 46.00 6.20 9.2 Zone 96 HW1
Z22304 36.20 37.50 1.30 7.7 Zone 96 FW1
Z22305 24.75 27.70 2.95 18.7 Zone 96 FW2- outside wireframes
Z22305 45.40 47.40 2.00 7.0 Zone 96 HW1
Z22305 31.55 33.57 2.00 4.1 Zone 96 FW1- Incl 0.35m @ 15.8 g/t Au
Z22310 9.40 10.40 1.00 4.1 Zone 96 FW3?
Z22310 41.15 46.00 4.85 2.3 Zone 96 FW1
Z22311 62.35 67.50 5.15 5.3 Zone 96 HW1
Z22311 50.25 51.25 1.00 3.6 Zone 96 FW1
Z22311 38.75 39.65 0.90 2.2 Zone 96 FW2
Z22312 53.10 59.20 6.10 5.4 Zone 96 HW1
Z22312 39.95 42.95 3.00 1.8 Zone 96 FW1
Z22312 36.00 36.80 0.80 1.5 Zone 96 FW2
Z22313 54.40 59.10 4.70 19.2 Zone 96 HW- Incl 1.0m @ 55.8 g/t Au
Z22313 63.80 74.20 10.40 14.8 Zone 96 HW1- Incl 0.5m @ 83.4 g/t Au
Z22318 33.85 34.85 1.00 4.5 Zone 96 HW1
Z22318 8.20 8.60 0.40 2.1 Zone 96 FW3
Z22318 23.30 24.10 0.80 1.8 Zone 96 FW2
Z22319 24.80 25.80 1.00 10.0 Zone 96 FW2
Z22319 30.85 31.80 0.95 5.4 Zone 96 FW1
Z22321 50.60 52.40 1.80 17.6 Zone 96 HW1- Incl 0.8m at 30.0 g/t Au
Z22321 39.95 46.60 7.25 4.0 Zone 96 FW1
Z22321 31.70 33.30 1.60 2.1 Zone 96 FW2
Z22322 35.60 36.15 0.55 14.5 Zone 96 FW2
Z22322 59.40 63.75 4.35 4.9 Zone 96 HW1
Z22322 73.75 75.75 2.00 2.5 Zone 96 HW0
Z22322 50.05 51.05 1.00 1.3 Zone 96 FW1
Z22323 27.30 28.10 0.80 75.3 Zone 15 FW2- Outside wireframes
Z22323 31.55 33.65 2.10 3.3 Zone 15 FW1?
Z22325 58.20 63.00 4.80 5.5 Zone 96 HW1
Z22325 46.00 47.00 1.00 2.9 Zone 96 FW1
Z22326 57.10 58.00 0.90 5.8 Zone 96 FW2?
Z22326 26.00 27.10 1.10 3.9 Zone 96 FW3?
Z22326 64.80 65.90 1.10 2.2 Zone 96 FW1
Z22328 45.95 46.25 0.30 19.1 Zone 96 FW1

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Z22328 51.95 54.50 2.55 12.6 Zone 96 HW1
Z22336 82.70 83.50 0.80 25.7 Intermediate Zone FW1- Outside wireframes
Z22336 106.03 107.00 0.97 1.0 Intermediate Zone HW1
Z22337 75.00 76.00 1.00 1.9 Intermediate Zone FW
Z22338 84.25 85.10 0.85 4.1 Intermediate Zone HW2
Z22338 66.75 69.00 2.25 1.9 Intermediate Zone FW2
Z22339 63.15 65.00 1.85 2.2 Intermediate Zone FW2
Z22339 81.00 81.70 0.70 1.5 Intermediate Zone HW2
Z22340 65.60 66.80 1.20 5.8 Intermediate Zone FW3?
Z22341 70.00 70.50 0.50 0.4 Intermediate Zone No significant intercepts
Z22342 72.80 73.35 0.55 14.6 Intermediate Zone FW2
Z22342 91.30 92.60 1.30 1.9 Intermediate Zone HW2
Z22343 57.85 58.85 1.00 4.6 Intermediate Zone FW2
Z22343 79.40 81.35 1.95 2.8 Intermediate Zone HW2
Z22344 60.75 62.75 2.00 5.5 Intermediate Zone FW2- Incl 0.7m @ 13.05 g/t Au
Z22345 63.30 65.30 2.00 5.2 Intermediate Zone FW2
Z22353 69.40 72.05 2.65 4.7 Intermediate Zone HW2- Incl 0.65m @ 12.5 g/t Au
Z22353 54.55 55.60 1.05 2.5 Intermediate Zone FW2
Z22354 83.00 87.10 4.10 1.3 Intermediate Zone HW2
Z22356 98.30 99.00 0.70 0.2 Intermediate Zone FW2-no significant intersection
Z22357 131.60 132.20 0.60 1.0 Intermediate Zone HW2
Z22358 69.40 70.40 1.00 1.9 Intermediate Zone FW1
Z22358 95.75 96.00 0.25 1.3 Intermediate Zone HW2
Z22361 71.65 73.20 1.55 2.7 Intermediate Zone HW2
Z22361 46.80 53.00 6.20 0.4 Intermediate Zone FW2
Z22362 106.95 107.95 1.00 0.3 Intermediate Zone HW2-no significant intersection
Z22363 69.05 69.80 0.75 1.1 Zone 96 FW1
Z22364A 73.93 74.63 0.70 0.5 Zone 96 FW1-No significant intercepts
Z22365A 83.30 84.40 1.10 40.3 Zone 96 HW1
Z22365A 72.30 74.00 1.70 2.2 Zone 96 FW2
Z22365A 77.60 79.30 1.70 2.1 Zone 96 FW1
Z22366 70.50 71.50 1.00 4.7 Zone 96 FW1
Z22366 66.65 67.00 0.35 2.3 Zone 96 FW2
Z22367 84.80 86.00 1.20 10.6 Zone 96 HW1
Z22369 84.00 91.70 7.70 3.7 Zone 96 HW1
Z22369 99.00 99.60 0.60 3.7 Zone 96 HW0
Z22370 79.90 82.00 2.10 2.0 Zone 96 HW1
Z22370 79.90 82.00 2.10 2.0 Zone 96 HW1
Z22370 76.00 77.20 1.20 1.2 Zone 96 FW1
Z22370 76.00 77.20 1.20 1.2 Zone 96 FW1
Z22371 78.20 81.00 2.80 1.4 Zone 96 FW1
Z22372 108.60 110.00 1.40 2.0 Zone 96 FW1
Z22373 106.80 107.20 0.40 1.1 Zone 96 HW1
Z22374 102.30 103.00 0.70 2.8 Zone 96 HW1?
Z22374 107.00 109.00 2.00 1.0 Zone 96 HW0

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Z22375 108.90 109.40 0.50 1.4 Zone 96 HW1
Z22375 106.70 106.90 0.20 1.1 Zone 96 FW1
Z22376 106.95 107.35 0.40 33.7 Zone 96 FW1
Z22376 112.50 115.00 2.50 8.8 Zone 96 HW1-incl 0.9m @ 19.47g/t Au
Z22377 105.40 107.00 1.60 8.4 Zone 96 FW1- Incl 0.6m @ 20.2 g/t Au
Z22377 110.40 113.00 2.60 7.8 Zone 96 HW1- Incl 1.0m @ 17.05 g/t Au
Z22382 139.70 140.60 0.90 2.0 Zone 96 HW1
Z22382 68.00 68.40 0.40 1.2 Zone 96 FW3
Z22383 82.6 84.40 1.80 1.8 Intermediate Zone HW2
Z22384 180.60 185.80 5.20 4.5 Intermediate Zone HW2-incl 1.0m @ 13.6g/t Au
Z22385 1.30 2.00 0.70 6.0 Darwin South FW3
Z22385 15.00 22.10 7.10 2.2 Darwin South FW1
Z22386 10.10 11.10 1.00 5.9 Darwin South FW2
Z22386 14.00 19.00 5.00 2.0 Darwin South FW1
Z22387 0.00 3.00 3.00 11.1 Darwin South FW3
Z22387 24.90 30.40 5.50 2.8 Darwin South FW1
Z22388 17.00 18.00 1.00 9.7 Darwin South FW1
Z22388 21.10 29.00 7.90 2.7 Darwin South FW1- Incl 0.4m @ 15.9 g/t Au
Z22388 9.00 9.50 0.50 1.6 Darwin South FW2
Z22389 14.50 16.05 1.55 6.8 Darwin South FW1- Incl 0.25m @ 16.3 g/t Au
Z22389 2.40 3.20 1.00 6.8 Darwin South FW2
Z22390 16.80 19.00 2.30 12.7 Darwin South FW1
Z22390 24.65 29.05 4.40 2.8 Darwin South FW1?
Z22390 14.00 16.00 2.00 2.0 Darwin South FW2
Z22391 20.60 21.25 0.65 7.3 Darwin South FW2
Z22391 40.00 52.85 12.85 4.0 Darwin South FW1- Incl 0.4m @ 20.8 g/t Au
Z22391 34.60 36.00 1.40 2.7 Darwin South FW
Z22392 10.30 12.25 1.95 40.8 Darwin South FW2
Z22392 25.00 29.00 4.00 3.3 Darwin South FW1
Z22393 32.00 35.10 3.10 4.5 Darwin South FW1 -Incl 0.45m @ 16.65 g/t
Au
Z22393 11.40 17.00 5.60 3.9 Darwin South FW2
Z22394 67.40 69.50 2.10 13.6 Intermediate Zone HW2- incl 0.9m @ 28.9g/t Au
Z22394 49.85 51.20 1.35 5.5 Intermediate Zone FW2- incl 0.4m @ 15.95g/t Au
Z22398 107.90 108.60 0.70 1.8 Intermediate Zone
Z22401 6.00 10.30 4.30 4.1 Darwin North HW0- incl 0.5m @ 22.9g/t Au
Z22403 9.10 10.00 0.90 21.1 Darwin North FW1
Z22403 38.00 40.70 2.70 4.0 Darwin North HW1- incl 0.7m @ 12.7g/t Au
Z22404 37.00 38.00 1.00 1.7 Darwin South FW-No significant intercepts
Z22405 7.40 8.50 1.10 19.9 Darwin Central FW2- outside wireframes
Z22406 5.30 8.00 2.70 24.6 Darwin South FW3
Z22407 4.45 7.00 2.55 2.6 Darwin South FW
Z22408A 7.90 15.00 7.10 13.0 Darwin South FW- Incl 0.5m @ 95.5 g/t Au
Z22409 10.40 16.00 5.60 1.8 Darwin South FW3
Z22410 10.00 14.60 4.60 3.3 Darwin South FW- Incl 0.6m @ 13.35 g/t Au
Z22412 116.00 116.60 0.60 10.6 Zone 96 FW3

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Z22412 127.00 130.00 3.00 1.3 Zone 96 FW1
Z22416 129.30 131.10 1.80 6.2 Zone 96 HW1a
Z22416 126.00 126.55 0.55 5.0 Zone 96 FW1
Z22421 128.30 129.50 1.50 2.2 Zone 96 FW2
Z22421 145.50 146.00 0.50 1.2 Zone 96 HW0
Z22427 114.05 115.05 1.00 1.1 Zone 96 FW
Z22430 106.00 107.00 1.00 0.4 Zone 96 FW?-no significant intercept
Z22441 46.00 46.75 0.75 6.2 Zone 96 FW2
Z22441 65.00 70.00 5.00 4.9 Zone 96 HW1
Z22441 57.10 57.60 0.50 1.5 Zone 96 FW1
Z22442 48.40 50.80 2.40 8.5 Zone 96 FW2?- Incl 0.75m @ 20.3g/t Au
Z22442 53.00 57.80 4.80 4.1 Zone 96 FW1
Z22442 68.00 71.95 3.95 2.6 Zone 96 HW1
Z22443A 63.00 64.80 1.80 4.3 Zone 96 FW1
Z22444A 65.50 69.00 3.50 10.3 Zone 96 HW1- Incl1.5m @ 21.33g/t Au
Z22444A 55.00 57.90 2.90 2.7 Zone 96 FW1
Z22445 77.45 78.20 0.75 2.2 Zone 15 HW1
Z22445 69.95 71.65 1.70 1.3 Zone 96 HW1
Z22445 50.95 56.10 5.15 1.1 Zone 96 FW1
Z22446 54.70 57.70 3.00 7.5 Zone 96 FW1
Z22446 73.95 75.05 1.10 2.6 Zone 96 HW0
Z22447 61.65 69.65 8.00 2.2 Zone 96 HW1
Z22447 53.20 56.40 3.20 1.0 Zone 96 FW1
Z22448 79.00 79.80 0.80 3.4 Zone 96 HW0
Z22448 69.00 72.00 3.00 2.4 Zone 96 HW1
Z22448 58.00 58.90 0.90 1.7 Zone 96 FW1
Z22449 52.35 54.10 1.75 1.5 Zone 96 FW1
Z22450 67.60 71.60 4.00 3.9 Zone 96 HW1
Z22450 59.70 61.30 1.60 2.0 Zone 96 FW2
Z22450 55.95 57.70 1.75 1.9 Zone 96 FW1
Z22453 59.40 61.70 2.30 3.3 Zone 96 FW1
Z22454 83.70 86.70 3.00 2.7 Zone 96 HW1
Z22454 56.50 57.50 1.00 1.4 Zone 96 FW
Z22455 64.30 67.15 2.85 6.1 Zone 96 FW1
Z22458 77.45 78.10 0.65 5.0 Sill Zone HW2
Z22503 32.30 34.40 2.10 4.2 Zone 96 HW1
Z22504 31.75 42.50 6.75 10.9 Zone 96 HW1- includes 4m core loss
Z22504 27.75 29.75 2.00 3.9 Zone 96 FW1
Z22505A 31.35 33.90 2.55 5.0 Zone 96 HW1
Z22506 31.20 35.20 4.00 10.2 Zone 96 HW1
Z22508 18.80 19.75 0.95 2.7 Zone 96 FW
Z22508 11.90 13.70 1.80 1.9 Zone 96 FW2
Z22511 13.80 14.80 1.00 1.6 Zone 96 FW2
Z22513 13.95 15.50 1.55 1.0 Zone 15 FW2
Z22515 22.10 24.80 2.70 9.0 Zone 15 FW2

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JORC 2012 Edition, Table 1 Checklist: Diamond Drilling

JORC 2012 Edition, Table 1 Checklist: Diamond Drilling
Diamond Drill Sampling
Techniques and Data
Criteria
Explanation
Sampling techniques The sampling database for this Henty exploration program includes only data
collected by diamond drilling (DD).
The previous sampling database has been compiled from information collected when
the project was under ownership of numerous companies including (listed from most
recent):
Diversified Minerals (2016 to 2020)
Unity Mining (2009 to 2016)
Barrick Gold (2006 to 2009)
Placer Dome (2003 to 2006)
Aurion Gold (2001 to 2003)
RGC/Goldfields (1996 to 2001).
Details relating to drilling techniques, quality assurance (QA) protocols and quality
control (QC) results for data gathered prior to 2009 is largely unavailable. Drilling
carried out during this period is collectively termed “Historical Drilling” herein. For
drilling carried out since acquisition of the project by Unity Mining in 2009 a
reasonable, although partially incomplete, level of information is typically available
describing data collection procedures and relevant QAQC. Drilling carried out
during this period is collectively termed “Modern Drilling” herein.
For drillhole data, either whole core or half core is generally submitted. In areas
where infill drilling is required, whole core is typically submitted given that there are
other holes available with half core for future reference. Samples are taken at 0.2–1
m intervals and honour different rock types, alteration zones and mineralised zones
as defined by geologists.
Diamond drilling methods were used to obtain 0.2 m to 1 m length samples which
were subsequently pulverised to produce a 30 g charge for fire assay with
determination by atomic absorption spectrometry (FA/AAS) for gold.
Drilling techniques Underground mobile diamond drill rigs are utilised to produce either LTK60 or NQ2
size core. Drill core is not routinely oriented.
Drill sample recovery Drilling recoveries are recorded for diamond core samples as part of geotechnical
logging.
Recovery of drill core is maximised by using drilling techniques and drilling fluids
suited to the particular ground conditions.
No relationship between grade and recovery has been identified.
Logging For drillhole data, logging is completed on a lap top computer directly into an Excel
based spreadsheet which has been designed for the mine site. Logging is carried out
at a core shed with adequate facilities including roller-racks, lighting, core
photograph facilities and an automatic core saw.
A template with project-specific codes has been set up to ensure consistent collection
of relevant geological information. Alteration, geotechnical, structure and rock type
information are collected into separate tables using standalone codes.
Zones of core loss are also recorded.
Logging is generally qualitative in nature. All core is stored at site and has been
photographed wet.
All diamond core has been geologically logged in full (100%).

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Diamond Drill Sampling
Techniques and Data
Criteria
Explanation
Sub-sampling techniques and
sample preparation
Diamond drill core samples are generally half-core, with core sawn in half using a
core-saw. In areas where infill drilling is required, whole core may be submitted
given that there are other holes available with half core for future reference. An
automatic core saw is used to cut the core.
Several laboratories and assay techniques have been used throughout the Project’s
history. Typically, samples are initially crushed in a jaw crusher to a size of 10 mm.
The jaw crusher is cleaned by compressed air between samples. The sample is then
riffle split down to 1 kg, with the remaining samples returned as coarse reject to site
and stored under cover for future reference. The 1 kg sample is pulverised using an
LM5 pulveriser to a size of 85% passing 75 microns, and the mill cleaned with a
barren silica flush between samples. 200 g of this fine material is taken via scoop,
from which 30 g is taken for fire assay (FA50).
Subsampling is performed during the sample preparation stage according to the assay
laboratories’ internal protocols.
Field duplicates of diamond core, i.e. other than half of cut core, have not been
routinely assayed.
Sample sizes are considered appropriate for the material being sampled
Quality of assay data and
laboratory tests
The techniques are considered total.
All samples are currently submitted to ALS Burnie for gold analysis. Samples are
crushed and pulverised prior to selection of a 30 g subsample for fire assay with
determination by atomic absorption spectrometry (AAS). Previous owners have
adopted similar methods.
Occasionally, Bi, Ag, Cu, Pb, Zn, As and Mo analyses are completed to assist with
understanding the nature of the mineralisation and for metallurgical assessment. Cu,
for example, may consume cyanide during processing. If required, pulps are sent
from Burnie to ALS Townsville for determination via ICP analysis.
Details relating QA protocols and QC results for data gathered prior to 2009 is
largely unavailable.
Monthly QC reports were compiled by Unity Mining for the period 2010 to 2015.
The available QC data compiled by Unity Mining has been reviewed by CSA Global
and considers the results as suitable to support the data gathered during this time
period.
QA protocols that have been adopted since 2016 are summarised below.
Drilling
DVM specifies inclusion of field blanks at a rate of one blank every 30 samples
submitted. The blanks are composed of barren basalt material, which is obtained
from a commercial distributor in the town of Devonport on the north coast of
Tasmania.
DVM specifies inclusion of certified reference materials (CRMs) at a rate of two
CRM’s every 30 samples of core samples submitted. Commercially available CRM’s
covering ranges considered as representing low, moderate and high values for gold
were obtained from OREAS.
Inclusion of field duplicates for core samples is not routinely carried out by DVM.
Pulp duplicates insertion rates are not specified by DVM. Assay laboratory internal
QA protocols are relied upon for analysis of pulp duplicates.

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Diamond Drill Sampling
Techniques and Data
Criteria
Explanation
Verification of sampling and
assaying
Significant intersections have been verified by alternative DVM company personnel.
No twinning has been completed.
The summary below relates to current methods. Historical methods are not known
with any certainty.
Drilling
Logging is completed on a lap top computer directly into an Excel based spreadsheet
which has been designed for the mine site. Logging is carried out at a core shed with
adequate facilities including roller-racks, lighting, core photograph facilities and an
automatic core saw. A template with project-specific codes has been set up to ensure
consistent collection of relevant geological information. Alteration, geotechnical,
structure and rock type information are collected into separate tables using
standalone codes.
Core is photographed wet at the core shed. Core photographs are stored on the server
for future reference.
The summary below relates to current methods. Historical methods are not known
with any certainty; however, the Competent Person considers it is reasonable to
assume that industry standard techniques have been adopted over the Projects
history.
Diamond drillhole collar positions are set out by mine surveyors. The drilling crew
has an azi-reader device that enables them to set up at the correct azimuth and dip
according to the drillhole plan. Final collar positions are then picked up by Mine
Surveyors at hole completion. Downhole surveys are completed using a Devi-flex
tool, with surveys taken every few metres.
The grid system used is Geocentric Datum of Australia 1994 (GDA94) but the Henty
Mine uses a local grid system which is used in the reporting of drill collars and
intersections in Appendix 2.
The mine surveyors have conversion tables for the conversion of local coordinates
and RL to the MGA94. Below are conversions from local grid to MGA94 for two
points in the mine. There is no standard transformation conversion because mine
grid is oriented at an angle to grid north.
Local mine grid
Point 1 N 57102.049 E 21513.529 RL =AHD + 2000
Point 2 N 51318.276 E 21509.850 RL =AHD + 2000
MGA94
Point 1 N 5365490.570 E 382559.064
Point 2 N 5360057.736 E 380580.385
Data spacing and distribution Areas that remain in situ are generally drilled at 10–20 m E by 10–20 m RL spacings
in the Mineral Resource area. The drill spacing varies between deposits, and lenses
within a deposit. Areas towards the periphery of the lenses are often drilled at
broader spacings.
Compositing was not applied at the sampling stage.
Orientation of data in relation to
geological structure
The drilling has been undertaken at various orientations, given the limited platforms
available underground. For the most part, holes are drilled at a high angle to the
mineralisation. Some holes, however, have been drilled close to sub-parallel to the
mineralisation.
The relationship between the drilling orientation and the orientation of key
mineralised structures is not considered to have introduced a sampling bias.
Sample security The summary below relates to current methods. Historical methods are not known
with any certainty; however, the Competent Person considers it is reasonable to
assume that industry standard techniques have been adopted over the Projects
history.
Core is transported to the core shed for processing, which is locked at the end of each
day. Core samples are placed in a polyweave sack for transportation to the
laboratory.
The primary laboratory (ALS in Burnie) collects the samples each morning.

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Diamond Drill Sampling
Techniques and Data
Criteria
Explanation
Audits or reviews No processes or data used in developing the release of exploration results have been
subject to audit or review by non-company personnel or contractors so as to reduce
costs and timelines for reporting. Catalyst Metals Limited has relied on information
from Competent Persons at CSA Global and Henty Mine
CSA Global completed a review of data collection techniques in 2017
Reporting of Exploration Results
Criteria
Explanation
Mineral tenement and land tenure
status
Henty Gold Mine Tenements in Tasmania are owned by Unity Mining Pty Ltd
Land tenure consists of three Mine Leases, 7M/1991, 5M/2002 and 7M/2006. Two
Exploration Licences adjoin the Mine Leases; EL 8/2009 to the north and east and
EL 28/2001 to the south.
The tenements are in good standing and no known impediments exist.
Exploration done by other parties Other companies to have held the project leases include:
Unity Mining (2009 to 2016)
Barrick Gold (2006 to 2009)
Placer Dome (2003 to 2006)
Aurion Gold (2001 to 2003)
RGC/Goldfields (1996 to 2001)
Geology The Henty deposit lies within the Mt Read Volcanic (MRV) Belt in western
Tasmania. The belt hosts several world-class polymetallic ore bodies including the
Hellyer, Que River, Rosebery, Hercules and Mount Lyell deposits. The whole belt
has been overprinted with a regional lower green schist facies metamorphism.
Mineralisation consists of a series of small high-grade lenses of gold mineralisation
hosted in quartz-sericite altered volcaniclastic and volcanic rocks that occupy a large
sub-vertical quartz-sericite alteration shear zone. Gold is present as both free gold
and as gold-rich electrum associated with chalcopyrite and galena in the main
mineralised zone.
Drill hole Information All exploration results reported here are from diamond drilling (DD) subsequent to 1
July 2020 which was the cut-off date for the CSA resource estimation summarised in
Appendix 1.
The historic sampling database has been compiled from information collected when
the project was under ownership of numerous companies including (listed from most
recent):
Diversified Minerals (2016 to 2020)
Unity Mining (2009 to 2016)
Barrick Gold (2006 to 2009)
Placer Dome (2003 to 2006)
Aurion Gold (2001 to 2003)
RGC/Goldfields (1996 to 2001).
Details relating to drilling techniques, quality assurance (QA) protocols and quality
control (QC) results for data gathered prior to 2009 is largely unavailable. Drilling
carried out during this period is collectively termed “Historical Drilling” herein. For
drilling carried out since acquisition of the project by Unity Mining in 2009 a
reasonable, although partially incomplete, level of information is typically available
describing data collection procedures and relevant QAQC. Drilling carried out during
this period is collectively termed“Modern Drilling”herein.

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Reporting of Exploration Results
Criteria
Explanation
Data aggregation methods DDH assay samples are collected at 1m intervals in the first instance, but smaller
intervals are sampled where related to specific mineralised units.
No top-cutting applied to assay data.
Significant intersections in first-pass exploration are usually reported as those with
assays in excess of 0.5g/t Au (with internal dilution of two consecutive assays or less
Reported zones are continuous, with no sample or assay gaps.
Holes without zones of significance are tabulated detailing the greatest assay value
achieved.
Relationship between
mineralisation widths and intercept
lengths
The dip of mineralisation is expected to be steep west dipping, but drill hole
azimuths are variable due to lack of availability of underground drill platforms.
The dip of mineralisation is not always consistent or known and the true width of
mineralisation has not been resolved. As such, significant mineralised intersections
have been reported as downhole intervals.
Diagrams Figure 1 shows the longitudinal projection of the Henty resource and mining area
with an inset enlargement for the October- December 2021 drilling
Figures 2 and 3 show the enlargement diagram with diamond drill holes in
longitudinal projection
Balanced reporting All drilling inclusive of holes which did not contain significant intersections are
included in Tables 1a and 1b
Other substantive exploration data Other exploration results that have been used in the CSA resource estimation have
not been included in this report.
Further work Further drilling at Henty will continue to be focussed on the mine corridor adjacent
or parallel to the known resource and will also test specific structural targets beyond
the mine environs.

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