Catalyst acquired the right to earn up to 90% of the Everton...

Catalyst acquired the right to earn up to 90% of the Everton molybdenum project located east of Wangaratta
in Victoria. It contains the historic Everton Molybdenite Mine, one of the largest producers of molybdenum
in Australia to date. It treated approximately 21,000 tonnes ore at an average grade 1.40% MoS2 (8392ppm
Mo) and research of historic mine records show that the annular-shaped ore zones were expanding in size
with depth. Importantly, Catalyst has completed geological mapping of the project which has reinforced the
significant potential of the project. This basic technical work has never been previously completed and this
reinforces the Companys view that the project is remarkably underexplored.