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ASX ANNOUNCEMENT 30 April 2021 Black Cat Syndicate Activities Report for the Quarter Ended 31 March 2021 The Board of Black Cat Syndicate Limited ( " Black Cat " or " the Company " ) is pleased to report on activities at the Kal East Gold Project ( " Kal East " ) during the quarter ended 31 March 2021 . HIGHLIGHTS Operations • • Results 13 % increase in total JORC 2012 Resources ( " Resources " ) to 14.3Mt @ 2.2 g / t Au for 1,025,000oz . Additional Resource updates will be released during May 2021 . 295 RC holes ( 28,975m ) were drilled during the quarter . Assay results were reported throughout the quarter and will continue to be reported during the June 2021 quarter . A 1.5Mtpa milling facility was acquired for a total cost of $ 1.24m subsequent to the end of the quarter . The Myhree open pit was fully approved for mining . Activities during the quarter were mainly focussed on near term mining areas and included infill and extensional work around the Fingals , Myhree and Majestic Mining Centres . Results included : O Corporate 6m @ 75.57 g / t Au from 49m ( 21FIRC042 ) - Fingals Fortune infill 4m @ 34.05 g / t Au from 122m ( 21FIRC041 ) - Fingals Fortune infill 2m @ 19.96 g / t Au from 106m ( 21FIRC053 ) - Fingals Fortune infill 12m @ 2.99 g / t Au from 61m ( 21FIRC048 ) - Fingals Fortune infill 2.49m @ 12.43 g / t Au from 170.11m ( 20FIDD0031 ) - Fingals South extensional 5m @ 6.43 g / t Au from 202m ( 20FIRC140 ) - Fingals South extensional 1.00m @ 15.90 g / t Au from 147.00m ( 201MDD013 ) - Majestic extensional 0.48m @ 40.23 g / t Au from 413.43m ( 201MDD014 ) - Majestic extensional 6m @ 11.93 g / t Au from 25m ( 21TRRC018 ) - Trump infill 3m @ 13.14 g / t Au from 49m ( 21TRRC019 ) - Trump infill 3m @ 8.66 g / t Au from 57m ( 21TRRC004 ) - Trump infill 3m @ 14.00 g / t Au from 78m ( 21FERC043 ) - Fingals East maiden drilling 2m @ 9.59 g / t Au from 72m ( 21FERC024 ) - Fingals East maiden drilling Cash of $ 2.7M at 31 March 2021 . Subsequent to the end of the quarter , the Company announced the appointment of Mr Philip Crutchfield as a non - executive director of the Company . June 2021 Quarter Planned Activities • • > 30,000m of drilling targeting extensions to existing Resources and regional exploration . Resource growth from drilling activities conducted in March and June 2021 quarters . Commencement of removal and relocation of the 1.5Mtpa milling facility . Approvals for the Majestic underground mine and for the processing facility construction . BLACK CAT SYNDICATE LIMITED ( ASX : BC8 ) Level 3 , 52 Kings Park Road , West Perth WA 6005 PO Box 184 , West Perth WA 6872 T : +61 458 007 713 | E : admin@blackcatsyndicate.com.au W : www.blackcatsyndicate.com.au ABN 63 620 896 282 DIRECTORS Paul Chapman Gareth Solly Les Davis Non - Executive Chairman Managing Director Non - Executive Director Philip Crutchfield Non - Executive Director Tony Polglase Non - Executive Director CORPORATE STRUCTURE Ordinary shares on issue : 110.3M Market capitalisation : A $ 85M ( Share price A $ 0.775 ) Cash ( 31 Mar 2021 ) : A $ 2.7M