Ann: Catalyst Board changes, page-6

IMHO a plant is already being built for CYL to use based on its JV with Golden Camel Pty Ltd

GOLDEN CAMEL PROJECT (CATALYST EARNING 50.1% INTEREST)
Catalyst is funding exploration to earn a 50.1% interest in the Golden Camel tenements (EL5449 &
EL5490), located in the extreme south-east of the Company’s tenure (Figure 1). The farm-in agreement
with Golden Camel Mining Pty Ltd includes the right for Catalyst, subject to certain conditions, to
purchase a 50.1% interest in Mining Licences MIN5548 and MIN5570 surrounding the Golden Camel
mine (Figure 6) . In 2017, Golden Camel Mining Pty Ltd processed approximately 6,100 tonnes of ore from surface to <10 metres depth in the Golden Camel open-cut mine, recovering in excess of 400 ounces of gold. Historical drill results demonstrate the continuation of gold mineralisation to greater depth. Likewise at the Toolleen mine site, historical mining infrastructure have been rehabilitated and drill
results indicate the continuation of gold mineralisation to greater depth. As well, a number of other
prospects are identified from the results of exploration in and around other historically mined locations. The 2020 exploration program included drilling into the deeper potential beneath the existing Golden
Camel pit, and potential along strike and at depth in the vicinity of the historical Toolleen Gold Mine.



And here it is;



GOLD TOLL TREATMENT PLANTPLANNING PERMIT APPLICATION

Nagambie Resources Limited and Golden Camel Mining Pty Ltd have
applied for a planning permitfrom the Strathbogie Shireto construct and
operate a 180,000 tonnes per annum gold toll treatment plant at the
Nagambie Mine.

The Strathbogie Shire yesterday began advertising the planning permit
application until 15 July 2021. The link to the 6-page Shire advertisement
is:

https://www.strathbogie.vic.gov.au/images/Planning/PlanningFiles_
533ZanelliRdP2021-050.pdf

By the order of the Board.



James Earle
Chief Executive Officer



Everything is beginning to look extremely good for CYL to progress to mining in Bendigo from here!

This plant certainly would be a very good start to CYL mining in Victoria and may well come IMHO with some very special negotiated terms that would be affordable due to the JV with Golden Camel Pty Ltd which will hopefully also progress into mining!!

GLTAH+DYOR