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2026-11-06
◂ Monitor CYL ASX

Catalyst Metals Limited

Producer · Gold · AU Rating locked: sign in to view v8.1 · cyl-20261031t172755-full
Last 2026-11-06
A$4.08
1D
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1M
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YTD
—
1Y
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Fair value
Locked: sign in to view
Upside
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Mkt cap
A$1.1B
EV
A$731.7M
Cash
A$371M
Debt
A$24.2M
1 newer ASX announcement not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-31

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

Partial, low-confidence public-source screening. The company reported FY2026 production within guidance, a rise in injury frequency and later project-production deferrals. This is not complete individual diligence.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

James Champion de Crespigny

Managing Director and Chief Executive Officer

Current
Full background report for James Champion de Crespigny
Role FitAnalyst Inference · Medium materiality

Disclosed role and relevant experience

Catalyst reports he is a chartered accountant with prior director roles at mining advisor Cutfield Freeman & Co and associate director role at EMR Capital; exact dates and independent qualifications were not verified.

Responsibility not applicable · Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Annual Report to shareholders 2026 · PDF p.18, directors’ biography
Company SuccessIssuer Reported · Medium materiality

FY2026 output reached guidance

Catalyst reports 103,761 ounces produced from the Plutonic Gold Belt in FY2026, within its 100,000–110,000 ounce original guidance.

Role overlaps event; causation unproven · The CEO led the company during the period; the result is a team outcome and his individual contribution is not isolated.

Annual Report to shareholders 2026 · PDF p.6, chair and CEO letter
SafetyIssuer Reported · Medium materiality

Injury frequency rose, then improved in September

The issuer reports twelve-month TRIFR increased from 6.3 at 30 June 2025 to 10.4 at 30 June 2026; its September quarterly says it subsequently fell from ten to seven. The board reported a zero score for the safety and training team incentive measure.

Role overlaps event; causation unproven · The CEO held the role during the reporting period; the company-level measure does not establish personal fault.

Annual Report to shareholders 2026 · PDF pp.10 and 35, safety and remuneration team scorecard
September 2026 Quarterly Activities Report · PDF p.1, quarterly safety highlights
FailureIssuer Reported · Medium materiality

Trident and Old Highway production deferred

Catalyst’s September quarterly deferred Trident and Old Highway production from FY2027 to FY2028. It cited permitting timelines, updates to estimates and Trident development running behind its anticipated schedule.

Role overlaps event; causation unproven · The CEO led the company during the delay; individual causation has not been established.

September 2026 Quarterly Activities Report · PDF pp.1 and 3, FY27 guidance and Trident development
GovernanceDocumented · Medium materiality

Court granted corporate disclosure relief

In August 2025 the Federal Court granted Catalyst remedial orders concerning its FY2024 consolidated entity disclosure statement and the validity of certain cleansing notices. Catalyst described the underlying misstatement as minor and technical.

Role overlaps event; causation unproven · The CEO held office, but the orders reviewed do not establish individual fault; the source’s characterisation is the company’s.

Court orders confirmed · pp.1–3, company announcement and Federal Court orders
Evidence gaps · 2
  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.
  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Full background report

James Champion de Crespigny

Managing Director and Chief Executive Officer

Career chronology

Contributions and company outcomes

FY2026 output reached guidance

FY2026 · issuer reported · medium materiality

Catalyst reports 103,761 ounces produced from the Plutonic Gold Belt in FY2026, within its 100,000–110,000 ounce original guidance.

Attribution: Role overlaps event; causation unproven. The CEO led the company during the period; the result is a team outcome and his individual contribution is not isolated.

Relevance: Evidence of delivery during the team’s tenure.

Annual Report to shareholders 2026 (PDF p.6, chair and CEO letter)

Business failures and setbacks

Trident and Old Highway production deferred

September 2026 · issuer reported · medium materiality

Catalyst’s September quarterly deferred Trident and Old Highway production from FY2027 to FY2028. It cited permitting timelines, updates to estimates and Trident development running behind its anticipated schedule.

Attribution: Role overlaps event; causation unproven. The CEO led the company during the delay; individual causation has not been established.

Relevance: Execution timing is relevant to the team’s delivery record.

September 2026 Quarterly Activities Report (PDF pp.1 and 3, FY27 guidance and Trident development)

Industrial safety

Injury frequency rose, then improved in September

FY2026 to September 2026 · issuer reported · medium materiality

The issuer reports twelve-month TRIFR increased from 6.3 at 30 June 2025 to 10.4 at 30 June 2026; its September quarterly says it subsequently fell from ten to seven. The board reported a zero score for the safety and training team incentive measure.

Attribution: Role overlaps event; causation unproven. The CEO held the role during the reporting period; the company-level measure does not establish personal fault.

Relevance: A material safety trend and company response.

Annual Report to shareholders 2026 (PDF pp.10 and 35, safety and remuneration team scorecard); September 2026 Quarterly Activities Report (PDF p.1, quarterly safety highlights)

Governance and interests

Court granted corporate disclosure relief

August 2025 · documented · medium materiality

In August 2025 the Federal Court granted Catalyst remedial orders concerning its FY2024 consolidated entity disclosure statement and the validity of certain cleansing notices. Catalyst described the underlying misstatement as minor and technical.

Attribution: Role overlaps event; causation unproven. The CEO held office, but the orders reviewed do not establish individual fault; the source’s characterisation is the company’s.

Relevance: Shows a corporate reporting and remediation issue.

Court orders confirmed (pp.1–3, company announcement and Federal Court orders)

Suitability for the current role

Disclosed role and relevant experience

Before and during Catalyst role · analyst inference · medium materiality

Catalyst reports he is a chartered accountant with prior director roles at mining advisor Cutfield Freeman & Co and associate director role at EMR Capital; exact dates and independent qualifications were not verified.

Attribution: Responsibility not applicable. Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Relevance: Helps assess role relevance, subject to evidence limits.

Annual Report to shareholders 2026 (PDF p.18, directors’ biography)

Evidence gaps

  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.

  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Sylvain Guillaume

Acting Chief Financial Officer

Current
Full background report for Sylvain Guillaume
Role FitAnalyst Inference · Medium materiality

Disclosed role and relevant experience

Catalyst reports he was previously manager of finance projects and acting CFO from 2 December 2025. The annual report lists the unchanged agreement from 13 December 2023 and separately says he joined in August 2023; these are not necessarily the same event.

Responsibility not applicable · Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Annual Report to shareholders 2026 · PDF pp.24,31,35, KMP, contract and prior employment
Evidence gaps · 2
  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.
  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Full background report

Sylvain Guillaume

Acting Chief Financial Officer

Career chronology

Suitability for the current role

Disclosed role and relevant experience

Before and during Catalyst role · analyst inference · medium materiality

Catalyst reports he was previously manager of finance projects and acting CFO from 2 December 2025. The annual report lists the unchanged agreement from 13 December 2023 and separately says he joined in August 2023; these are not necessarily the same event.

Attribution: Responsibility not applicable. Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Relevance: Helps assess role relevance, subject to evidence limits.

Annual Report to shareholders 2026 (PDF pp.24,31,35, KMP, contract and prior employment)

Evidence gaps

  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.

  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Emma Wates

Company Secretary

Current
Full background report for Emma Wates
Role FitAnalyst Inference · Medium materiality

Disclosed role and relevant experience

Catalyst describes Wates as an Automic-employed professional company secretary, a chartered accountant and a FINSIA senior associate. Those qualifications have not been independently checked.

Responsibility not applicable · Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Annual Report to shareholders 2026 · PDF p.20, company secretary biography
Evidence gaps · 2
  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.
  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Full background report

Emma Wates

Company Secretary

Career chronology

Suitability for the current role

Disclosed role and relevant experience

Before and during Catalyst role · analyst inference · medium materiality

Catalyst describes Wates as an Automic-employed professional company secretary, a chartered accountant and a FINSIA senior associate. Those qualifications have not been independently checked.

Attribution: Responsibility not applicable. Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Relevance: Helps assess role relevance, subject to evidence limits.

Annual Report to shareholders 2026 (PDF p.20, company secretary biography)

Evidence gaps

  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.

  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Andrew Finch

Geology Manager; competent person for mineral resources

Current
Full background report for Andrew Finch
Role FitAnalyst Inference · Medium materiality

Disclosed role and relevant experience

Catalyst’s resource statement identifies Finch as full-time geology manager, BSc and AIG member and names him as the competent person compiling the Plutonic mineral-resource estimates. His underlying degree and membership were not independently verified.

Responsibility not applicable · Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Annual Report to shareholders 2026 · PDF p.154, JORC competent-person statement
Personal SuccessIssuer Reported · Medium materiality

Issuer credits Finch’s resource work

In its 2025 AGM address, Catalyst’s CEO said Finch led the exploration team during growth in the Trident resource and a doubling of reserves.

Individual involvement documented · The CEO explicitly credited Finch and his team; this is a company statement, not independent verification of his share of the result.

2025 Annual General Meeting address · p.8, managing director’s address
Evidence gaps · 2
  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.
  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Full background report

Andrew Finch

Geology Manager; competent person for mineral resources

Career chronology

  • Evidence reviewed through 2026-10-31: Catalyst Metals — Geology Manager; competent person for mineral resources. Annual Report to shareholders 2026 (PDF p.154, JORC statement)

Personal achievements

Issuer credits Finch’s resource work

November 2025 · issuer reported · medium materiality

In its 2025 AGM address, Catalyst’s CEO said Finch led the exploration team during growth in the Trident resource and a doubling of reserves.

Attribution: Individual involvement documented. The CEO explicitly credited Finch and his team; this is a company statement, not independent verification of his share of the result.

Relevance: A documented statement of role and delivery.

2025 Annual General Meeting address (p.8, managing director’s address)

Suitability for the current role

Disclosed role and relevant experience

Before and during Catalyst role · analyst inference · medium materiality

Catalyst’s resource statement identifies Finch as full-time geology manager, BSc and AIG member and names him as the competent person compiling the Plutonic mineral-resource estimates. His underlying degree and membership were not independently verified.

Attribution: Responsibility not applicable. Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Relevance: Helps assess role relevance, subject to evidence limits.

Annual Report to shareholders 2026 (PDF p.154, JORC competent-person statement)

Evidence gaps

  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.

  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Ross Moger

Competent person for ore reserves; mining engineer

Current
Full background report for Ross Moger
Role FitAnalyst Inference · Medium materiality

Disclosed role and relevant experience

Catalyst identifies Moger as a full-time employee, holder of a mining engineering degree, AusIMM member and competent person for the reported ore-reserve estimates. Qualifications and current professional membership were not independently verified.

Responsibility not applicable · Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Annual Report to shareholders 2026 · PDF p.155, ore-reserve competent-person statement
Evidence gaps · 2
  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.
  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.

Full background report

Ross Moger

Competent person for ore reserves; mining engineer

Career chronology

  • Evidence reviewed through 2026-10-31: Catalyst Metals — Competent person for ore reserves; mining engineer. Annual Report to shareholders 2026 (PDF p.155, JORC statement)

Suitability for the current role

Disclosed role and relevant experience

Before and during Catalyst role · analyst inference · medium materiality

Catalyst identifies Moger as a full-time employee, holder of a mining engineering degree, AusIMM member and competent person for the reported ore-reserve estimates. Qualifications and current professional membership were not independently verified.

Attribution: Responsibility not applicable. Role relevance is an analytical inference from the cited disclosures; it is not independent credential verification or a demonstrated personal performance assessment.

Relevance: Helps assess role relevance, subject to evidence limits.

Annual Report to shareholders 2026 (PDF p.155, ore-reserve competent-person statement)

Evidence gaps

  • Separate person-specific searches for each topic, comprehensive employer histories, court and regulator checks, and independent qualification verification remain incomplete.

  • No assertion of criminal or regulatory clearance follows from this limited public-source screening.