Earnings release
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 1 of 19 ASX ANNOUNCEMENT 23 October 2026 Activities Report for the Quarter Ended 30 Sep 2026 HIGHLIGHTS1 - Chris Stone was appointed 2 as Managing Director . Chris is a mining engineer with 35 years’ experience in a broad range of mining activities. - Paulsens continue d its consistent performance with 10,417oz Au . This highlights the significant potential to grow near - mine Resources with the latest drilling on Lynx returning 4.8m @ 18.8g/t Au 3. No change to full year guidance of 36-42koz4. - At Kal East, the Lakewood process ing facility (“Lakewood ”) continued to perform well and maintains the option to expedite an expansion to 1.5mtpa (from 1.2 mtpa), with both long lead items purchased and approvals received. The opportunistic and strategic purchase of Lakewood in 2025, ahead of business plans for mine operations did result in less-than-optimal geological knowledge and mine performance this quarter. An update to Resource s, Ore Reserves and a reset of mine plans has been enacted at quarter end that continues to support full year guidance of 44-48koz4. Th e quarterly production of 8,736oz (6,32 3oz of 100% BC8 gold) is in line with full year guidance. - Group gold production (100% & 3 rd party) for the quarter was 19,1 53oz of which 1 6,740oz was 100% Black Cat production . The 100 % Black Cat gold was produced, at an AISC of $3, 735/oz. The Company maintains its FY27 guidance of 80 -90koz at an AISC /oz of $3,500 -3,900 4. - Black Cat sold 1 8,000oz at an average realised price of $6, 065/oz. This resulted in positive operating cashflow of $ 39M. This was lower than the prior quarter due to : tolling of lower-margin material (as part of the commitment undertaken for the Lakewood acquisition ); less processed tonnes due to bearing repairs at Lakewood 5; and lower -grade tonnes . Committed toll treating is expected to cease in the Dec -2026 quarter after which time Black Cat will return to processing 100% of its own higher -margin O re which is expected to deliver a material uplift in its operating cash flow in H2 FY27, at current gold prices . - Cash and liquid investments decreased from $105M to $78M . The $ 27M decrease was primarily reinvested in project/growth capital including developing mines in Kal East ($39M) and Resource and extension al drilling ($10M) . - The following business optimisation programs are also underway: establishing and/or upgrading business-wide processes and systems to drive greater efficienc ies; and a $30M cash improvement program target, focussing primarily on cost savings built around strong workforce engagement, contract reviews and operating efficiencies . - FY27 drilling allocations of $13 –15M each for Paulsens and Kal East, and $4 –5M for Coyote. The program s will focus on extending and upgrading Resource s around existing operations to support future mine plans and longer mine life 6. Black Cat’s Managing Director, Chris Stone, said: “This quarter, our focus was on delivering production at Paulsens, progressing the ramp-up at Fingals and Majestic, investing in opportunities that support future growth and commencing programmes to build more capable systems and processes along with a lower cost base. Paulsens drilling continued to deliver promising results, including 4.8m @ 18.8g/t Au at Lynx while identifying a new structural orientation opening a highly prospective near-surface exploration front. Our annual Resource and Ore Reserve review highlighted the importance of replacing mining depletion and improving our understanding of the deposits. The FY27 drilling program is designed to extend and upgrade Resources around our operating mines. The reduction in grade across the operating mines for Resource and Ore Reserves was driven by knowledge gained in operating in these new deposits and now sets a confident delivery platform for future production. Our priorities remain safe production, completion of the Kal East ramp -up and disciplined spending. With FY27 guidance established, we are focused on delivering the mine plans, improving operating performance and progressing the drilling needed to support future production.”
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 2 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 PRODUCTION AND FINANCIAL SUMMARY – Sep 2026 quarter Production and gold sold - consolidated Black Cat total Unit Jun-26 Qtr Sep-26 Qtr FY26 Gold production (100% BC8) oz 20,830 16,740 66,296 Gold production (3rd party) oz - 2,414 24,537 Total gold production oz 20,830 19,153 90,833 Gold sold (100% BC8) oz 21,660 18,000 65,951 Cash and liquid assets on Balance Sheet (Unaudited) Unit Dec-25 Mar-26 Jun-26 Sep-26 Cash on hand A$M 54.1 52.6 73.7 53.5 Gold bullion 7 A$M 31.3 35.5 29.0 21.7 Listed investments A$M 5.5 3.6 2.6 2.4 Cash and liquid assets A$M 90.9 91.7 105.3 77.6 Group Stockpiles Ore, GIC and Bullion Stockpiled Ore, GIC and bullion Unit Sep-26 Ore t 210,036 Grade g/t 0.7 Contained gold in stockpiles oz 4,495 GIC oz 1,968 Total gold in stockpiles and GIC oz 6,462 Gold in bullion oz 3,608
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 3 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Quarterly cash, bullion movement and listed investments table (unaudited, non-GAAP) (Unaudited)8 Unit Dec 25 Mar 26 Jun 26 FY26 Sep 26 Comment Realised gold price A$/oz 6,325 6,817 6,261 6,108 6,065 100% unhedged Total gold sales (BC8 100%) A$M 110.8 70.7 124.4 391.5 108.8 Bullion movement A$M 1.8 4.1 (6.5) 8.5 (7.3) Lakewood toll treatment and ore purchase revenue A$M 12.8 18.5 - 34.0 2.4 Toll Treatment of Westgold Ore relating to purchase of Lakewood Total revenue, including bullion movement A$M 125.4 93.3 117.9 434.1 103.9 Mining A$M (22.2) (14.9) (19.4) (78.3) (29.1) Majestic and Fingals Ore development increasing Haulage A$M (0.6) (0.6) (3.3) (6.7) (1.7) Processing A$M (23.5) (20.1) (18.5) (78.0) (19.9) Site administration A$M (5.6) (5.3) (3.9) (19.5) (6.0) Royalties A$M (3.3) (1.6) (2.2) (9.9) (2.2) Kal East - JV/3rd party Ore purchase amounts (net)/working capital A$M (3.8) 10.2 6.6 13.0 (5.6) Total operating costs A$M (59.0) (32.3) (40.8) (179.4) (64.5) Operating cashflow before capital A$M 66.4 61.0 77.2 254.7 39.4 Project/growth A$M (30.8) (45.7) (43.5) (131.2) (39.2) Mainly Majestic and Fingals project capital Sustaining A$M (4.8) (5.3) (11.3) (24.8) (12.5) Final Lakewood acquisition payment A$M (25.0) - - (25.0) - Non-recurring item Exploration A$M (5.3) (2.9) (3.5) (17.9) (9.7) Total capital costs A$M (65.9) (53.9) (58.3) (198.9) (61.5) Operating cashflow after capital A$M 0.5 7.1 18.8 55.8 (22.1) Corporate A$M (2.5) (4.6) (4.2) (13.6) (5.4) Sep-26 qtr includes a one-off payment associated with executive changes and employee bonuses Inflows from option conversions A$M 5.8 0.2 - 6.6 - Listed investments movements A$M (2.5) (1.9) (1.0) 0.2 (0.2) Total corporate costs A$M 0.8 (6.3) (5.3) (6.7) (5.6) Operating cashflow after capital and corporate costs A$M 1.3 0.8 13.6 49.0 (27.7) Opening cash, bullion and investments A$M 89.6 90.9 91.7 56.3 105.3 Closing cash, bullion and investments A$M 90.9 91.7 105.3 105.3 77.6
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 4 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Quarterly Investor Webcast Quarterly Investor Webcast: Hosted by Managing Director Chris Stone on 27th October 2026 at 9am AWST / 1 2pm AEST , following release of these Sept 2026 quarter results, including Q&A. Registration: https://us06web.zoom.us/webinar/register/WN_jtk9 -H4AQYCxHmnDE0U8gQ For Investor/ Shareholder enquiries, please contact Chris Stone Managing Director +61 458 007 713 admin@bc8.com.au This announcement has been approved for release by the Board of Black Cat Syndicate Limited. 1 All amounts are in A$ dollars unless otherwise stated. Figures are unaudited, non-IFRS and should be regarded as estimates and are subject to change. 2 BC8 ASX announcement 07 Sept 2026 3 BC8 ASX announcement 16 July 2026 4 BC8 ASX announcement 30 Sept 2026 5 BC8 ASX announcement 16 July 2026 6 BC8 ASX announcement 30 Sept 2026 7 Gold bullion has been valued based on the gold price on the last day of the quarter from the Perth Mint website www.perthmint.com 8 This news release contains references to financials measures which are non-GAAP performance measures and do not have standardized meanings under IFRS. Therefore, these measures may not be comparable to similar measures presented by other issuers.
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 5 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 OPERATIONS AND PROJECTS PAULSENS GOLD OPERATION 100% Activities focused on underground mining and development, critical capital projects , near-mine Resource and extension drilling and life of mine planning. - Safety – No serious injuries or illnesses. A strong focus on hazard identification and improved workplace standards continues. Looking forward we are improving systems and processes to further support safety. - Operating performance and mine development - Paulsens continued to generate a positive operating cashflow after capital. Paulsens is running at steady -state and produced 10,417oz (Jun-26: 10,620oz). Underground development totalled 1,328m, with 105 kt mined at 3. 3g/t Au. The plant processed 112 kt at 3 .1g/t Au, achieving 9 2% recovery. - Exploration update - A 10 hole drill program targeting Lynx and the Raisebore Vein was completed, with assays pending. At Belvedere, 6 holes testing immediate extensions to the existing lodes were completed, with drilling continuing and assays pending. A 2,000m diamond program at Big Sarah tested down -plunge extensions to known mineralisation, with assays also pending. Regional mapping an d rock-chip sampling continued to identify and refine future drilling targets. - Resource and Ore Reserve revision - The annual Mineral Resource and Ore Reserve Statement was released , effective 30 June 2026. Paulsen Res ource and Ore Reserve reductions included 48koz from mining depletion and 38koz from geological model updates, reflecting a more accurate interpretation of barren dolerite dykes and complex high -grade structures. The Lynx and Regulus discoveries were not included in the se estimates, with their potential contribution subject to further drilling and Resource estimation. There is a strong focus on Resource and extension drilling. - Drilling investment and next steps – There is an exploration allocation at Paulsens of $13 –15M. Planned activities include : mobilisation of a second underground rig in Jan 2027 to test Hangingwall extensions at Galileo, Voyager and Apollo, together with a conceptual Main Zone offset target. Surface drilling is planned to test Belvedere extensions and nearby prospects, including ~3,000m of diamond drilling targeting up -plunge extensions at Galileo. - Production outlook and infrastructure - FY27 Paulsens production guidance of 36,000 –42,000oz was announced during the quarter and remains current. Planned growth expenditure includes an underground cooling plant , tails dam lift, and other operational projects to support future works . Paulsens Gold Operation (Quarterly) Unit Dec-25 Mar-26 Jun-26 FY26 Sep-26 Underground development M 1,307 1,251 1,322 5,079 1,328 Underground ore mined Kt 85 90 112 378 105 Underground mined grade g/t Au 3.5 2.6 3.3 3.1 3.3 Underground ounces mined oz 9,750 7,605 11,890 37,481 11,198 Ore milled Kt 83 102 114 398 112 Head grade g/t Au 3.7 2.4 3.1 2.9 3.1 Recovery % 94% 92% 92% 93% 92% Gold production oz 9,313 7,110 10,620 34,787 10,417 Gold sold oz 8,700 5,000 12,300 35,500 11,500 Stockpiled Ore, GIC and bullion Unit Sep-26 Ore t 10,637 Grade g/t 2.7 Contained gold in stockpiles oz 926 Gold in Circuit (GIC) oz 888 Total gold in stockpiles and GIC oz 1,815 Gold in bullion oz 1,764
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 6 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Paulsens Financials (Unaudited) Units Jun-26 Sep-26 Notional revenue (produced gold x average gold price) A$M 66.1 63.7 Less: Operating costs Mining A$M (12.0) (12.0) Processing A$M (8.6) (8.1) Site administration A$M (3.2) (4.6) Royalties A$M (2.4) (1.7) Total operating costs A$M (26.2) (26.4) Notional operating cashflow before capital A$M 39.9 37.3 Less: Capital costs (excl. exploration) Project/growth A$M (1.7) (5.1) Sustaining A$M (11.2) (9.2) Notional operating cashflow after capital A$M 27.0 23.1 Figure 1: Map of the greater Paulsens Gold Operation showing known deposits with current gold Resources.
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 7 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 KAL EAST GOLD OPERATION 100% Activities focused on the ongoing ramp -up of the Fingals and Majestic mines, Resource and extension drilling at Trojan - Safety – Lakewood had a serious injury in Jul 2026 when a mill process operator fell from height and is now expected to return to work in Oct 2026 . An investigation has been completed and actions are in progress. - Operating performance and mine development — Kal East continued to generate a positive operating cashflow before capital. Kal East produced 8,736oz, comprising 6,32 3oz (100% Black Cat ) and 2,414oz ( 3rd party). Lakewood processed 250kt, including 201kt of Black Cat 100% at 1.1g/t Au, achieving recovery of 90. 5% . Waste stripping and ore mining progressed at Fingals, while underground development at Majestic totalled 1,788m. M ill bearing repairs in Jul 2026 resulted in ~5 days of downtime. - Drilling update - A 56-hole RC program (6,804m ) was completed at Trojan, testing northern down- dip extensions and shallow southeastern oxide mineralisation. Drilling extended the mineralised footprint beyond the existing R esource . Selected results included 3m at 6.88g/t Au from 142m, 7m at 3.02g/t Au from 257m, and 11m at 1.13g/t Au from 33m, reported as downhole intervals 1. Regional surface sampling and target ranking continued. - Resource and Ore Reserve revision - The annual Mineral Resource and Ore Reserve Statement was released, effective 30 June 2026. Updated geological interpretations at Fingals and Majestic incorporated additional drilling and mining, resulting in lower estimated grades but greater confidenc e in the models supporting future mine plans. A n initial Imperial open pit Ore Reserve of 32koz at 1.4g/t Au was included 2. - Drilling investment and next steps - Black Cat announced an FY27 Kal East Resource and extension drilling allocation of $13–15M. Priorities include upgrading ~ 297koz of Inferred Resources adjacent to Fingals and Majestic. Further extensional and infill drilling at Trojan was being planned to support R esource upgrades and life -of-mine planning. - Production outlook and infrastructure - FY27 Kal East production guidance of 44,000 –48,000oz was announced including 4,000–10,000oz of 3rd party gold (via tolling) . Unit costs are expected to be higher during the first -half ramp -up, with improvement anticipated as higher -grade Ore from Fingals and Majestic becomes available. Planned growth expenditure includes process plant expansion equipment, ongoing mine development prior to commercial production and additional tailings storage. Kal East Gold Operation (Quarterly) Units Dec-25 Mar-26 Jun-26 FY26 Sep-26 Open pit ore mined kt 69 151 198 666 162 Open pit waste mined kt 3,244 5,439 4,863 13,546 3,932 Open pit mined grade g/t Au 1.9 1.2 0.8 1.4 0.9 Open pit ounces mined (contained) oz 4,333 5,894 5,253 29,029 4,943 Underground development m 689 1,058 1,712 3,619 1,788 Underground ore mined kt 12 22 50 84 60 Underground mined grade g/t Au 1.3 1.9 1.4 1.5 1.1 Underground ounces mined (contained) oz 508 1,325 2,222 4,055 2,096 Black Cat Ore Ore milled (100% BC8) kt 132 90 314 751 201 Head grade g/t Au 1.6 2.0 1.1 1.4 1.1 Recovery % 89.9% 91.7% 92.4% 91.5% 90.5% Gold produced oz 5,967 5,289 10,210 31,509 6,323 3rd Party Ore Ore milled kt 190 215 - 449 49 Head grade g/t Au 1.8 1.8 - 1.8 1.6 Recovery % 92.5% 91.3% - 92.0% 92.7% Gold produced oz 10,230 11,553 - 24,537 2,414 Total gold produced oz 16,197 16,842 10,210 56,046 8,736 Gold sold (100% BC8) oz 8,817 5,374 9,360 30,451 6,500 1 BC8 ASX announcement 10 September 2026 2 BC8 ASX announcement 30 September 2026
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 8 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Stockpiled Ore, GIC and bullion Unit Sep-26 Ore t 199,400 Grade g/t 0.6 Contained gold in stockpiles oz 3,568 Gold in Circuit (GIC) oz 1,079 Total gold in stockpiles and GIC oz 4,648 Gold in bullion oz 1,844 Kal East Financials (Unaudited) Units Jun-26 Sep-26 Notional revenue (produced gold x average gold price) A$M 64.0 38.0 Toll treatment revenue A$M - 2.4 Less: Operating costs Mining A$M (8.0) (16.2) Haulage A$M (3.3) (2.6) Processing A$M (13.4) (9.6) Site administration A$M (3.6) (1.4) Royalties A$M (2.6) (0.5) Total operating costs A$M (30.9) (30.2) Notional operating cashflow before capital A$M 33.1 10.2 Less: Capital costs (excl. exploration) Project/growth A$M (41.1) (34.7) Sustaining A$M (1.7) (3.4) Notional operating cashflow after capital A$M (9.7) (27.9)
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 9 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Figure 2: Map of the Kal East Gold Operation showing known deposits with current gold Resources.
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 10 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 MT CLEMENT ANTIMONY PROJECT 100% Mt Clement hosts one of Australia's largest undeveloped antimony deposits. No significant new work was undertaken. Ongoing technical studies are being completed to support the evaluation of the project and future development opportunities. COYOTE GOLD OPERATION 100% Activities focused on Resource and extension drilling at Coyote Central and the program was subsequently redirected towards near-mine opportunities and support for Black Cat’s producing operations at Paulsens and Kal East . Operating performance and mine development — Coyote remained on care and maintenance, with activities focused on exploration and evaluation to support potential future production. Drilling update — Subsequent to the end of the Quarter, the Company announced the completion of ~ 4,000m of diamond drilling at Coyote Central, comprising five infill holes at Kavanaugh and two deep extensional holes. Assays remained pending for all seven holes at quarter end, with results to be released once received and interpreted 3. Resource and Ore Reserve revision — The annual Mineral Resource and Ore Reserve Statement was released , effective 30 June 2026. Coyote’s Resource remained unchanged at 3.664Mt at 5.5g/t Au for 645koz, including the Coyote Central underground Resource of 757kt at 14.6g/t Au for 356koz. No Ore Reserve was reported for Coyote. Drilling investment and next steps — Planned activities at Coyote for the remainder of FY27 include a comprehensive data review and an updated Resource incorporating recent drilling. 3 BC8 ASX announcement 16 October 2026 Figure 3: Coyote - Oblique view looking down to the south at the Axial Core Zone showing recent and historical drill intercepts 8, the historical workings, planned mine design and interpreted lodes.
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 11 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 CORPORATE Appointment of Interim Managing Director Chris Stone commenced as non- executive director on 7 September 2026 and assumed the role of interim managing director on 8 September 2026. James Bruce departed as Managing Director effective 5 September 2026. Chris brings a wealth of knowledge to the Board with more than 35 years’ experience working across the mining industry in large and small operations, technical functions, projects, approvals, heritage and transformation programs across gold, nickel, copper and coal sectors. Cash Improvement / Cost Reduction Program The Company initiated a business -wide cash/cost improvement program to identify and implement opportunities to reduce costs and improve efficiencies. The initiative is targeting a $30M cash improvement aimed at identifying opportunities to reduce work, stre amline processes, optimising expenditure and improving productivity, while maintaining a strong commitment to safety, operational performance and growth objectives. A review of operating, capital and corporate costs is underway, with measures being progres sively implemented. The program is expected to optimise cost performance without compromising safety, production objectives or future growth opportunities. Life of Mine Planning (LOM) The Company’s immediate focus is on stabilising and optimising operations at Paulsens and Kal East, while continuing to advance its Discovery and Growth Program. Building on this work, a review and refresh of LOM planning will commence in the Dec-2026 quarter, with various development scenarios and strategic options to be evaluated. These will be aligned with the Company’s deposit development priorities and FY drill programs. The outcomes of this program will inform a further update to the LOM plan, which is expected to be finalised in the Jun -2027 quarter . Systems and Processes Optimisation Program Black Cat has engaged KPMG and commenced a maturity and gap analysis on business systems and processes to i dentify key operational challenges, inefficiencies and improvement opportunities across the Company. The key objectives are to establish a baseline understanding of the current operating environment and to e stablish a future -state vision that supports Black Cat's goals over the coming years. Changes in Securities during the quarter During the quarter the Company: - Issued a total of 53,000 ordinary fully paid shares on the exercise of options at $0.51. - Issued a total of 51,724 ordinary fully paid shares on the exercise of vested performance rights (expiry 29/ 01/2031). - Issued a total of 500,000 options exercisable at $1.65 (expiry 0 7/09/2030). - Cancelled a total of 2,258,621 performance rights (expiry 29/ 01/2031). Hedging activities The Company has no hedging. Banking activities In FY26, t he Company entered into a $30M asset financing facility with Commonwealth Bank of Australia. The facility remains undrawn. Investment The Company’s strategic investment in Dreadnought Resources Limited was valued at $2.4M at 30 September 2026. Proceedings Against Barclays Capital Black Cat commenced proceedings in the Supreme Court of WA against Barclays Capital Asia Ltd alleging breaches of the Market Integrity Rules relating to trading in Black Cat's shares. The proceedings are at an early stage. Documents relating t o the proceed ings have been provided to the Australian Securities and Investments Commission (ASIC) and ASX Limited. ASIC have been asked to treat the matter as a formal complaint. Black Cat will keep shareholders updated as the proceedings progress.
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 12 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Information Provided in Accordance with ASX Listing Rules 5.1.1 and 5.1.2 In accordance with ASX Listing Rule 5.1.1, the Company confirms that, other than the mining production and development activities stated above, there have been no material developments or changes to its exploration and feasibility activities during the qua rter. In accordance with ASX Listing Rule 5.1.2 a summary of the specific activities undertaken in each project area is provided in the relevant sections of this activity report. Payments to Related Parties of the Entity and their Associates Payments to related parties for the quarter include ~$560k in director s’ fees which compris e amounts accrued and paid to directors, including one -off payments associated with executive changes during the period . Mining Production and Development Activities For the quarter, operating costs (including mining, processing and site administrative costs) totalled $ 64.5M. Capital costs were $61.5M and net corporate costs were $5. 4M. CAPITAL STRUCTURE The capital structure of the Company at 30 September 2026 is as follows: Capital Structure Fully Paid Ordinary Shares Options/ Performance Rights Total Fully Paid Ordinary Shares 728,9 27,974 - 728,9 27,974 Unlisted Options @ $0.55 expiring 21 Feb 2027 - 180,000 180,000 Unlisted Options @ $0.52 expiring 21 Mar 2027 - 190,000 190,000 Unlisted Options @ $0.50 expiring 31 Jul 2027 - 1,225,000 1,225,000 Unlisted Options @ $0.50 expiring 31 Aug 2027 - 1,800,000 1,800,000 Unlisted Options @ $0.32 expiring 8 Feb 2028 - 390,000 390,000 Unlisted Options @ $0.405 expiring 18 Apr 2028 - 300,000 300,000 Unlisted Options @ $0.655 expiring 30 Sep 2028 - 500,000 500,000 Unlisted Options @ $0.794 expiring 14 Oct 2028 - 500,000 500,000 Unlisted Options @ $0.886 expiring 20 Dec 2028 - 5,382,000 5,382,000 Unlisted Options @ $1.237 expiring 20 May 2029 - 2,190,000 2,190,000 Unlisted Options @ $1.205 expiring 16 Jul 2029 - 1,200,000 1,200,000 Unlisted Options @ $1.35 expiring 28 Aug 2029 - 325,000 325,000 Unlisted Options @ $1.46 expiring 2 Sep 2029 - 500,000 500,000 Unlisted Options @ $1.65 expiring 7 Sep 2030 - 500,000 500,000 Performance Rights expiring 30 Jun 2027 - 4,014,112 4,014,112 Performance Rights expiring 30 Jun 2028 - 146,759 146,759 Performance Rights expiring 11 Nov 2030 - 2,899,139 2,899,139 Performance Rights expiring 15 Dec 2030 - 33,460 33,460 Performance Rights expiring 19 Jun 2031 - 287,375 287,375 Current Issued Capital 728,927,974 22,562,845 751,490,819
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 13 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 FORWARD LOOKING STATEMENTS These materials prepared by Black Cat Syndicate Limited include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “believe”, “forecast”, “predict”, “plan”, “estimate”, “anticipate”, “continue”, “outlook”, and “guidance”, or other similar words an d may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or c onstruction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, i ncluding the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental c onditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. Th e Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not forese en or foreseeable by the Company or management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, perf ormance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. In addition, the Company’s actual results could differ materially from those anticipated in these forward -looking statements as a result of the factors outlined in the “Risk Factors” section of the Company’s continuous disclosure filings available on the ASX. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or the ASX lis ting rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances. COMPETENT PERSON’S STATEMENT The Company confirms that it is not aware of any new information or data that materially affects the information in the origi nal reports, and that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original reports. Where the Company refers to the exploration results, Mineral Resources, and Reserves in this report (referencing previous releases made to the ASX), it confirms that it is not aware of any new information or data that materially affects the information inc luded in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource and Reserve estimates with that announcement continue to apply and have not materially changed.
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 14 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 APPENDIX 1 - JORC 2012 GOLD RESOURCE TABLE - BLACK CAT (100% OWNED) – AS AT 30 JUNE 2026 MINING CENTRE Measured Resource Indicated Resource Inferred Resource Total Resource Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Kal East Gold Operation Myhree Centre Open Pit - - - 933 0.9 28 1,085 1.8 64 2,018 1.4 92 Underground - - - 231 4.6 34 920 3.4 102 1,151 3.7 135 Sub Total - - - 1,163 1.6 62 2,005 2.6 166 3,168 2.2 227 Majestic Centre Open Pit - - - 1,840 1.5 88 3,708 1.3 159 5,547 1.4 247 Underground - - - 1,811 2.6 150 550 2.8 50 2,361 2.6 200 Sub Total - - - 3,651 2.0 238 4,258 1.5 209 7,909 1.8 447 Fingals Centre Open Pit - - - 3,094 1.5 146 826 1.2 31 3,920 1.4 176 Underground - - - 284 2.0 18 790 2.2 57 1,074 2.2 75 Sub Total - - - 3,378 1.5 163 1,616 1.7 88 4,994 1.6 251 Trojan Open Pit - - - 1,843 1.1 68 3,901 1.1 134 5,744 1.1 202 Other Open Pit 13 3.2 1 164 2.7 14 913 2.4 70 1,090 2.4 85 Underground - - - - - - 13 11.7 5 13 11.7 5 Sub Total 13 3.2 1 164 2.7 14 926 2.5 75 1,103 2.5 90 Kal East Resource 13 3.2 1 10,199 1.7 545 12,707 1.6 671 22,919 1.7 1,217 Coyote Gold Operation Coyote Central Open Pit - - - 608 2.8 55 203 3.0 19 811 2.9 75 Underground - - - 240 23.4 181 516 10.5 175 757 14.6 356 Sub Total - - - 849 8.7 236 719 8.4 194 1,568 8.5 430 Bald Hill Open Pit - - - 560 2.8 51 613 3.2 63 1,174 3.0 114 Underground - - - 34 2.7 3 513 5.0 82 547 4.8 84 Sub Total - - - 594 2.8 54 1,126 4.0 145 1,721 3.6 198 Stockpiles - - - 375 1.4 17 - - - 375 1.4 17 Coyote Resource - - - 1,818 5.3 307 1,845 5.7 339 3,664 5.5 645 Paulsens Gold Operation Paulsens Underground - - - 1,581 5.6 283 427 4.8 66 2,008 5.4 349 Stockpile - - - - - - - - - - - - Sub Total - - - 1,581 5.6 283 427 4.8 66 2,008 5.4 349 Mt Clement Open Pit - - - - - - 532 1.4 24 532 1.4 24 Belvedere Underground - - - 95 5.9 18 44 8.3 12 139 6.6 30 Northern Anticline Open Pit - - - - - - 523 1.4 24 523 1.4 24 Electric Dingo Open Pit - - - 98 1.6 5 444 1.2 17 542 1.3 22 Paulsens Resource - - - 1,774 5.4 306 1,970 2.3 143 3,744 3.7 449 TOTAL RESOURCES 13 2.4 1 13,791 2.6 1,158 16,522 2.2 1,153 30,326 2.4 2,312
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 15 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Notes on Resources: 1. The preceding statements of Mineral Resources conform to the ‘Australasian Code for Reporting of Exploration Results Mineral Resources and Ore Reserves (JORC Code) 2012 Edition’. 2. All tonnages reported are dry metric tonnes. 3. Data is rounded to thousands of tonnes and thousands of ounces gold. Discrepancies in totals may occur due to rounding. 4. Resources have been reported as both open pit and underground with varying cut -offs based off several factors discussed in the corresponding Table 1 which can be found with the original ASX announcements for each Resource. 5. Resources are reported inclusive of any Reserves. Kal East Gold Operation – Boundary, Trump, Myhree – Black Cat ASX announcement on 9 October 2020 “Strong Resource Growth Continues including 53% Increase at Fingals Fortune” – Strathfield – Black Cat ASX announcement on 31 March 2020 “Bulong Resource Jumps by 21% to 294,000 oz” – Sovereign – Black Cat ASX announcement on 11 March 2021 “1 Million Oz in Resource & New Gold Targets”. – Imperial - Black Cat ASX announcement on 29 June 2026 “Increased Resource at Trojan and updated Imperial”. – Jones Find – Black Cat ASX announcement 04 March 2022 “Resource Growth Continues at Jones Find” – Crown – Black Cat ASX announcement on 02 September 2021 “ Maiden Resources Grow Kal East to 1.2Moz” – Fingals East – Black Cat ASX announcement on 31 May 2021 “Strong Resource Growth Continues at Fingals”. – Trojan – - Black Cat ASX announcement on 29 June 2026 “Increased Resource at Trojan and updated Imperial”. – Queen Margaret, Melbourne United – Black Cat ASX announcement on 18 February 2019 “Robust Maiden Mineral Resource Estimate at Bulong” – Anomaly 38 – Black Cat ASX announcement on 31 March 2020 “Bulong Resource Jumps by 21% to 294,000 oz” – Wombola Dam – Black Cat ASX announcement on 28 May 2020 “Significant Increase in Resources - Strategic Transaction with Silver Lake” – Hammer and Tap, Rowe’s Find – Black Cat ASX announcement on 10 July 2020 “JORC 2004 Resources Converted to JORC 2012 Resources” Coyote Gold Operation – Coyote OP&UG – Black Cat ASX announcement on 16 January 2023“Coyote Underground Resource increases to 356koz @ 14.6g/t Au – One of the highest -grade deposits in Australia” – Sandpiper OP&UG, Kookaburra OP, Pebbles OP, Stockpiles, SP (Coyote) – Black Cat ASX announcement on 25 May 2022 “Coyote & Paulsens High-Grade JORC Resources Confirmed” Paulsens Gold Operation – Belvedere UG – Black Cat ASX announcement on 21 November 2023 “Enhanced Restart Plan for Paulsens” – Mt Clement – Black Cat ASX announcement on 24 November 2022 “High -Grade Au-Cu-Sb-Ag-Pb Resource at Paulsens” – Merlin, Electric Dingo – Black Cat ASX announcement on 25 May 2022 “Coyote & Paulsens High -Grade JORC Resources Confirmed” APPENDIX 2 - JORC 2012 GOLD RESERVE TABLE - BLACK CAT (100% OWNED) – AS AT 30 JUNE 2026 Mining Centre Proven Reserve Probable Reserve Total Reserve Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Tonnes (‘000) Grade (g/t Au) Metal (‘000 oz) Kal East Gold Operation Open Pit - - - 4,052 1.3 165 4,052 1.3 165 Underground - - - 594 2.6 50 594 2.6 50 Kal East Reserve - - - 4,646 1.4 215 4,646 1.4 215 Paulsens Gold Operation Underground - - - 616 2.9 57 616 2.9 57 Paulsens Reserve - - - 616 2.9 57 616 2.9 57 Total Reserves - - - 5,262 1.6 272 5,262 1.6 272 Notes on Reserve: – The preceding statements of Mineral Reserves conform to the ‘Australasian Code for Reporting of Exploration Results Mineral Resources and Ore Reserves (JORC Code) 2012 Edition’. – All tonnages reported are dry metric tonnes. – Data is rounded to thousands of tonnes and thousands of ounces gold. Discrepancies in totals may occur due to rounding. Cut-off Grade: Open Pit - The Ore Reserves are based upon an internal cut -off grade greater than or equal to the break -even cut -off grade. Underground - The Ore Reserves are based upon an internal cut -off grade greater than the break -even cut-off grade. – The commodity price used for the Revenue calculations for Kal East was AUD $4,500 per ounce. – The commodity price used for the Revenue calculations for Paulsens was AUD $4,500 per ounce. – The Ore Reserves are based upon a State Royalty of 2.5% with refining covered by silver credits
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 16 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 APPENDIX 3 - TENEMENT INFORMATION Lease Location Project Name Status % Interest at Start of Quarter % Interest at End of Quarter M08/0099 Paulsens PAULSENS LIVE 100% 100% M08/0196 Paulsens PAULSENS LIVE 100% 100% M08/0222 Paulsens BELVEDERE LIVE 100% 100% M08/0515 Paulsens PAULSENS LIVE 100% 100% L08/0012 Paulsens PAULSENS LIVE 100% 100% L08/0013 Paulsens PAULSENS LIVE 100% 100% L08/0014 Paulsens PAULSENS LIVE 100% 100% L08/0015 Paulsens PAULSENS LIVE 100% 100% L08/0081 Paulsens PAULSENS LIVE 100% 100% L08/0091 Paulsens TIMBUCK WELL LIVE 100% 100% L08/0092 Paulsens PAULSENS LIVE 100% 100% L08/0103 Paulsens PAULSENS LIVE 100% 100% L08/0113 Paulsens SCARBOROUGH BORE LIVE 100% 100% L08/0168 Paulsens PAULSENS LIVE 100% 100% L08/0169 Paulsens PAULSENS LIVE 100% 100% L08/0339 Paulsens PAULSENS PENDING 0% 0% M08/0191 Paulsens MT CLEMENT LIVE 100% 100% M08/0192 Paulsens MT CLEMENT LIVE 100% 100% M08/0193 Paulsens MT CLEMENT LIVE 100% 100% E08/1649 Paulsens MERLIN LIVE 100% 100% E08/1650 Paulsens ELECTRIC DINGO LIVE 100% 100% E08/1745 Paulsens PANTERA LIVE 100% 100% E08/2000 Paulsens AMAZON LIVE 100% 100% E08/2499 Paulsens MT STUART LIVE 100% 100% E08/2556 Paulsens BELVEDERE NORTH LIVE 100% 100% E08/2558 Paulsens PAULSENS EAST LIVE 100% 100% E08/2560 Paulsens PAULSENS EAST LIVE 100% 100% E08/2659 Paulsens BADANA WELL LIVE 100% 100% E08/2791 Paulsens MT MCGRATH LIVE 100% 100% E08/2945 Paulsens BOOLALOO LIVE 100% 100% E08/3067 Paulsens BOOLALOO LIVE 100% 100% E08/3163 Paulsens SILENT SISTERS LIVE 100% 100% E08/3247 Paulsens BOOLALOO LIVE 100% 100% E08/3272 Paulsens CHEELA LIVE 100% 100% E08/3317 Paulsens BOOLALOO LIVE 100% 100% E08/3569 Paulsens MERLIN LIVE 100% 100% E08/3573 Paulsens GREGORY LIVE 100% 100% E08/3621 Paulsens BIG SARAH LIVE 100% 100% E08/3679 Paulsens WINDELL LIVE 100% 100% E08/3749 Paulsens WINDELL LIVE 100% 100% E08/3750 Paulsens HARDEY LIVE 100% 100% E08/3751 Paulsens WINDELL PENDING 0% 0% E08/3807 Paulsens AMAZON LIVE 100% 100% E08/3808 Paulsens HARDEY PENDING 0% 0% E47/1553 Paulsens TOMBSTONE LIVE 100% 100% E47/1773 Paulsens METAWANDY CREEK LIVE 100% 100% E47/3305 Paulsens HORSE WELL LIVE 100% 100% E47/3396 Paulsens METAWANDY CREEK LIVE 100% 100% M80/0559 Coyote COYOTE LIVE 100% 100% M80/0560 Coyote COYOTE LIVE 100% 100% M80/0561 Coyote COYOTE LIVE 100% 100% M80/0563 Coyote BALD HILL LIVE 100% 100%
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 17 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Lease Location Project Name Status % Interest at Start of Quarter % Interest at End of Quarter M80/0645 Coyote ROADRUNNER LIVE 100% 100% L80/0045 Coyote COYOTE LIVE 100% 100% L80/0046 Coyote COYOTE LIVE 100% 100% L80/0051 Coyote COYOTE LIVE 100% 100% L80/0132 Coyote COYOTE PENDING 0% 0% E80/1483 Coyote COYOTE EAST LIVE 100% 100% E80/1737 Coyote WESTERN TANAMI LIVE 100% 100% E80/3665 Coyote WESTERN TANAMI LIVE 100% 100% E80/5039 Coyote PEBBLES LIVE 100% 100% E80/5871 Coyote BALWINA LIVE 100% 100% E80/5987 Coyote BALWINA LIVE 100% 100% E80/5988 Coyote BALWINA LIVE 100% 100% E80/6058 Coyote COYOTE LIVE 100% 100% E80/6147 Coyote BALWINA LIVE 0% 100% E80/6202 Coyote BALWINA PENDING 0% 0% E80/6251 Coyote BALWINA PENDING 0% 0% P80/1840 Coyote COYOTE LIVE 100% 100% E25/0499 Kal East MOUNT YOULE LIVE 100% 100% E25/0512 Kal East WOODLINE WEST LIVE 100% 100% E25/0520 Kal East ANOMALY 38 LIVE 100% 100% E25/0526 Kal East TROJAN LIVE 100% 100% E25/0558 Kal East TROJAN LIVE 100% 100% E25/0568 Kal East CLINKER HILL LIVE 100% 100% E25/0594 Kal East HAMPTON HILL LIVE 100% 100% E26/0226 Kal East HAMPTON LIVE 100% 100% E27/0431 Kal East MT. MCLEAY LIVE 100% 100% E27/0449 Kal East NORTH DAM LIVE 100% 100% E27/0532 Kal East NORTH DAM LIVE 100% 100% E27/0558 Kal East BALAGUNDI LIVE 75% 75% E27/0600 Kal East HALFWAY HILL PENDING 0% 0% E27/0671 Kal East HAMPTON LIVE 100% 100% E27/0698 Kal East HALFWAY HILL PENDING 0% 0% E27/0699 Kal East HAMPTON LIVE 100% 100% E28/2809 Kal East ROWES FIND PENDING 0% 0% E28/3254 Kal East ROWES FIND PENDING 0% 0% M25/0350 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% M25/0360 Kal East CROWN LIVE 100% 100% M25/0376 Kal East JONES FIND PENDING 0% 0% P25/2323 Kal East JONES FIND LIVE 100% 100% L25/0014 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% L25/0017 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% L25/0018 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% L25/0053 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% L25/0054 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% L25/0064 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% M25/0117 Kal East FINGALS FORTUNE LIVE 100% 100% M25/0136 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0148 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0197 Kal East FINGALS EAST LIVE 100% 100% M26/0248 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0357 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0364 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0406 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0409 Kal East FINGALS FORTUNE LIVE 100% 100%
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 18 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Lease Location Project Name Status % Interest at Start of Quarter % Interest at End of Quarter M26/0417 Kal East FINGALS FORTUNE LIVE 100% 100% M26/0635 Kal East FINGALS EAST LIVE 100% 100% L26/0162 Kal East FINGALS FORTUNE LIVE 100% 100% L26/0262 Kal East FINGALS FORTUNE LIVE 100% 100% M25/0104 Kal East TROJAN LIVE 100% 100% E25/0571 Kal East TROJAN LIVE 100% 100% L25/0080 Kal East TROJAN PENDING 0% 0% M25/0024 Kal East MYHREE LIVE 100% 100% M25/0083 Kal East ANOMALY 38 LIVE 100% 100% M25/0091 Kal East BOUNDARY LIVE 100% 100% M25/0129 Kal East BOUNDARY LIVE 100% 100% M25/0372 Kal East TRUMP PENDING 0% 0% M25/0381 Kal East BLACK HILLS PENDING 0% 0% M25/0387 Kal East VIRGIIN DAM PENDING 0% 0% P25/2286 Kal East TRUMP LIVE 100% 100% L25/0062 Kal East HAMPTON HILL LIVE 100% 100% M26/0059 Kal East WOMBOLA DAM LIVE 100% 100% M26/0278 Kal East HAMMER & TAP LIVE 100% 100% M26/0352 Kal East HAMMER & TAP LIVE 100% 100% M26/0437 Kal East HAMMER & TAP LIVE 100% 100% M26/0440 Kal East HAMMER & TAP LIVE 100% 100% M26/0642 Kal East WOLBOLA DAM LIVE 100% 100% M26/0657 Kal East WOMBOLA DAM LIVE 100% 100% M26/0683 Kal East WOMBOLA DAM LIVE 100% 100% M26/0783 Kal East WOMBOLA DAM LIVE 100% 100% M26/0791 Kal East WOMBOLA DAM LIVE 100% 100% M26/0802 Kal East WOMBOLA DAM LIVE 100% 100% M26/0834 Kal East HAMMER & TAP LIVE 100% 100% M28/0164 Kal East ROWES FIND LIVE 100% 100% M28/0370 Kal East ROWES FIND LIVE 100% 100% P25/2248 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% P25/2249 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% P25/2324 Kal East BLACK HILLS LIVE 100% 100% P25/2326 Kal East BLACK HILLS LIVE 100% 100% P25/2327 Kal East BLACK HILLS LIVE 100% 100% P25/2328 Kal East BLACK HILLS LIVE 100% 100% P25/2331 Kal East BLACK HILLS LIVE 100% 100% P25/2355 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% P25/2366 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% P25/2369 Kal East BULONG LIVE 100% 100% P25/2581 Kal East BLACK HILLS LIVE 100% 100% P25/2624 Kal East BULONG LIVE 100% 100% P25/2625 Kal East BULONG LIVE 100% 100% P25/2648 Kal East HAMPTON LIVE 100% 100% P25/2685 Kal East HAMPTON LIVE 100% 100% P25/2693 Kal East HAMPTON LIVE 100% 100% P25/2695 Kal East HAMPTON LIVE 100% 100% P25/2703 Kal East IMPERIAL/MAJESTIC LIVE 100% 100% P25/2719 Kal East HAMPTON LIVE 100% 100% P25/2720 Kal East HAMPTON LIVE 100% 100% P25/2724 Kal East IMPERIAL/MAJESTIC PENDING 0% 0% P25/2727 Kal East IMPERIAL/MAJESTIC PENDING 0% 0% P25/2741 Kal East HAMPTON LIVE 100% 100% P25/2784 Kal East HAMPTON LIVE 100% 100% P25/2785 Kal East HAMPTON LIVE 100% 100%
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Bc8.com.au | +61 458 007 713 | admin@bc8.com.au | ASX: BC8 | Page 19 of 19 ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEP 2026 Lease Location Project Name Status % Interest at Start of Quarter % Interest at End of Quarter P26/4122 Kal East BLACK HILLS LIVE 100% 100% P26/4550 Kal East HAMPTON LIVE 100% 100% P26/4551 Kal East HAMPTON LIVE 100% 100% P26/4552 Kal East HAMPTON LIVE 100% 100% P26/4553 Kal East HAMPTON LIVE 100% 100% P26/4554 Kal East HAMPTON LIVE 100% 100% P26/4555 Kal East HAMPTON LIVE 100% 100% P26/4556 Kal East HAMPTON LIVE 100% 100% P26/4557 Kal East HAMPTON LIVE 100% 100% P26/4558 Kal East HAMPTON LIVE 100% 100% P26/4559 Kal East HAMPTON LIVE 100% 100% P26/4560 Kal East HAMPTON LIVE 100% 100% P26/4561 Kal East HAMPTON LIVE 100% 100% P26/4562 Kal East HAMPTON LIVE 100% 100% P26/4573 Kal East MT MONGER LIVE 100% 100% P26/4574 Kal East MT MONGER LIVE 100% 100% P26/4653 Kal East FINGALS FORTUNE LIVE 100% 100% P26/4679 Kal East FINGALS FORTUNE LIVE 100% 100% P26/4876 Kal East BLACK HILLS PENDING 0% 0% L26/0234 Kal East LAKEWOOD LIVE 100% 100% L26/0293 Kal East LAKEWOOD LIVE 100% 100% M26/0242 Kal East LAKEWOOD LIVE 100% 100% M26/0367 Kal East LAKEWOOD LIVE 100% 100% E26/0209 Kal East LAKEWOOD LIVE 100% 100% P26/4316 Kal East LAKEWOOD LIVE 100% 100% P26/4317 Kal East LAKEWOOD LIVE 100% 100% P26/4319 Kal East LAKEWOOD LIVE 100% 100% P26/4320 Kal East LAKEWOOD LIVE 100% 100% P26/4321 Kal East LAKEWOOD LIVE 100% 100% P26/4322 Kal East LAKEWOOD LIVE 100% 100% P26/4323 Kal East LAKEWOOD LIVE 100% 100% P26/4324 Kal East LAKEWOOD LIVE 100% 100% P26/4325 Kal East LAKEWOOD LIVE 100% 100% P26/4326 Kal East LAKEWOOD LIVE 100% 100% P26/4327 Kal East LAKEWOOD LIVE 100% 100% P26/4328 Kal East LAKEWOOD LIVE 100% 100% P26/4329 Kal East LAKEWOOD LIVE 100% 100% P26/4330 Kal East LAKEWOOD LIVE 100% 100% P26/4331 Kal East LAKEWOOD LIVE 100% 100% P26/4332 Kal East LAKEWOOD LIVE 100% 100% P26/4333 Kal East LAKEWOOD LIVE 100% 100% P26/4334 Kal East LAKEWOOD LIVE 100% 100% P26/4335 Kal East LAKEWOOD LIVE 100% 100% P26/4336 Kal East LAKEWOOD LIVE 100% 100% P26/4337 Kal East LAKEWOOD LIVE 100% 100% P26/4338 Kal East LAKEWOOD LIVE 100% 100% P26/4339 Kal East LAKEWOOD LIVE 100% 100% P26/4340 Kal East LAKEWOOD LIVE 100% 100% P26/4341 Kal East LAKEWOOD LIVE 100% 100% P26/4342 Kal East LAKEWOOD LIVE 100% 100% P26/4343 Kal East LAKEWOOD LIVE 100% 100% P26/4344 Kal East LAKEWOOD LIVE 100% 100% P26/4345 Kal East LAKEWOOD LIVE 100% 100% P26/4350 Kal East LAKEWOOD LIVE 100% 100%