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ASX ANNOUNCEMENT 29 October 2021 Black Cat Syndicate Activities Report for the Quarter Ended 30 September 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 September 2021 . HIGHLIGHTS Operations • There was a high level of drilling and process facility activity during the quarter . 9 % increase in total JORC 2012 Resources ( “ Resources " ) to 17.5Mt @ 2.1 g / t Au for 1,185,000oz , from the addition of two new Resources at the Majestic Mining Centre , which remain open . 232 RC holes ( 22,711m ) and 33 diamond tails ( 3,515.8m ) were drilled during the quarter . Black Cat has seen a steady improvement in assay turnaround times with the backlog now reduced to ~ 14,000 samples which are expected to be reported over the coming months . Drilling activities during the quarter were focussed on extensions and discoveries near the Majestic , Fingals , and Trojan Mining Centres . Results included : о 1.57m @ 8.93 g / t Au from 287.15m ( 21IMDD001 ) 8m @ 5.81 g / t Au from 68m ( 21IMDD002 ) 4.31m @ 5.51g / t Au from 354.03m ( 21IMDD003 ) 3.53m @ 5.18 g / t Au from 396.69m ( 21IMDD005 ) 2.14m @ 7.32 g / t Au from 321.66m ( 21IMDD009 ) 3m @ 8.06 g / t Au from 22m and 4m @ 6.14 g / t Au from 29m ( 21MYGC022 ) 8m @ 4.55 g / t Au from 26m ( 21MYGC041 ) 6m @ 5.74 g / t Au from 32m ( 21MYGC047 ) 5m @ 11.51 g / t Au from 27m ( 21MYGC048 ) 1m @ 24.4 g / t Au from 69m ( 21FIRC113 ) O 2m @ 25.87 g / t Au from 64m ( 21FIRC119 ) O 2m @ 6.53 g / t Au from 81m and 2m @ 16.75 g / t Au from 118m ( 21FIRC131 ) O 3m @ 19.36 g / t Au from 120m 3m @ 8.57 g / t Au from 148m ( 21FIRC142 ) Plans for development an 800ktpa processing facility at Kal East are progressing well : о The environmental Works Approval and the Tailings Storage Facility Mining Proposal have been submitted with approvals expected in the December 2021 quarter . Refurbishment work on the two balls mills in Kalgoorlie is nearing completion . Engineering design work has been completed to a Pre - Feasibility Study level . Corporate • Cash of $ 10.3M at 30 September 2021 . December 2021 Quarter Planned Activities • ~ 20,000m of drilling targeting regional discoveries . Resource upgrades and maiden Ore Reserves . Completion of Pre - Feasibility Study . 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@bc8.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 Sept 2021 ) : A $ 10.3M