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ASX ANNOUNCEMENT 29 July 2021 Black Cat Syndicate Activities Report for the Quarter Ended 30 June 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 30 June 2021 . HIGHLIGHTS Operations 6 % increase in total JORC 2012 Resources ( " Resources " ) to 15.3Mt @ 2.2 g / t Au for 1,090,000oz , which included a 14 % increase in total Indicated Resources . 341 RC holes ( 23,952m ) and 5 diamond tails ( 567.7m ) were drilled during the quarter . Assay results were reported throughout the quarter and will continue to be reported during the September 2021 quarter . Approvals obtained for underground mining and for construction of the processing facility at the Majestic Mining Centre . 1.5Mtpa milling facility relocated to Kalgoorlie and additional pre - construction infrastructure purchased . Drilling activities during the quarter were focussed on extensions and discoveries near the Majestic , Fingals , and Trojan Mining Centres . Results included : Corporate 8m @ 5.23 g / t Au from 48m ( 21IMRC002 ) - southern extension of Imperial deposit ( Majestic ) 4m @ 18.40 g / t Au from 96m ( 21IMRC022 ) - northern extension of Imperial deposit ( Majestic ) 8m @ 2.25 g / t Au from 36m ( 21IMRC015 ) - new target , Majestic Mining Centre 2m @ 8.68 g / t Au from 130m ( 211MRC029 ) - Majestic North 8m @ 5.81 g / t Au from 68m ( 21IMDD002 ) ( pre - collar ) - hangingwall lode Majestic North 4m @ 5.44 g / t Au from 68m ( 21IMDD001 ) ( pre - collar ) - hangingwall lode Majestic North 2m @ 7.64 g / t Au from 40m ( 21FRRC016 ) - new target , south of Fingals 4m @ 5.25 g / t Au from 28m ( 21FRRC034 ) - new target , southwest of Fingals 4m @ 9.00 g / t Au from 16m ( 21FRRC064 ) - new target , 4km north of Fingals Fortune 6m @ 3.40 g / t Au from 48m ( 21FRRC001 ) - historic shafts , south of Fingals Fortune 7m @ 5.04 g / t Au from 61m ( 21TNRC001 ) - Trojan extension , south of dolerite dyke 4m @ 6.67 g / t Au from 84m ( 21TNRC006 ) - new parallel target , southeast of Trojan Cash of ~ $ 16M at 30 June 2021. The Company completed an equity raising during the quarter raising $ 20M before costs . Funds will be used to complete 85,000m of drilling and to continue process facility equipment purchases . Key staff appointments , including HR manager , Environment / Community Manager , Underground Mining Engineer , Procurement Administrator and Processing Manager , as Black Cat readies for production . September 2021 Quarter Planned Activities • • > 20,000m of drilling targeting extensions to existing Resources and regional exploration . Continuing Resource growth from drilling activities conducted in June and September 2021 quarters . Ongoing engineering and equipment purchases for Kal East processing facility . 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 Philip Crutchfield Tony Polglase Non - Executive Chairman Managing Director Non - Executive Director Non - Executive Director Non - Executive Director CORPORATE STRUCTURE Ordinary shares on issue : 140.8M Market capitalisation : A $ 79M ( Share price A $ 0.56 ) Cash ( 30 June 2021 ) : A $ 16M