Ann: AGM Chair Address and Managing Director Presentation, page-44

es, it is possible that Black Cat Syndicate (BC8) could find copper with further drilling, as copper mineralization has been identified in some of its exploration areas, particularly in the Paulsens region.

BC8's Exploration and Copper Potential

Black Cat Syndicate (ASX: BC8) is primarily focused on gold production and exploration at its Paulsens Gold Operation and Kal East projects. However, their project portfolio and regional geology indicate potential for other minerals, including copper.

• Existing Copper Occurrences: In the Paulsens region, BC8's tenements include areas where previous exploration and surface sampling have identified high-grade copper prospects, with rock chip samples returning grades up to 48.1% Cu in the past. Drilling in late 2021 in one of these prospects (Green Hills) also returned intercepts with copper mineralization

• Exploration Strategy: While the current focus is largely on gold, BC8 has acquired ground that includes these known copper targets. Exploration work in these areas, including geophysical surveys, aims to refine and test these targets, and further drilling for gold might intersect zones where copper is also present or even dominant, or vice versa.

In summary, given the known copper occurrences within BC8's project areas and the regional geological potential for copper-gold systems, there is a possibility that ongoing or future drilling could uncover significant copper mineralization.