Catalina Resources Secures $3 Million Mid-West Gold Asset Acquisition, Unveils Multiple High-Value Exploration Targets

Strategic Mid-West Gold Asset Acquisition Establishes District-Scale Landholding

During the quarter ending 30 June 2026, Catalina Resources completed a transformative acquisition, securing a portfolio of exploration assets that significantly broadens its footprint in Western Australia's Mid-West gold region. The acquisition includes the Kirkalocka, Pithara, Tallering, Peak Hill, Deflector North, Boodanoo, Warriedar projects, and the Lake Johnston Gold Project. This strategic expansion provides exposure to multiple gold provinces and development opportunities within a consolidated landholding. The acquisition was funded through a $3.0 million placement, reflecting strong investor confidence in Catalina's strategy to develop a substantial Mid-West gold platform.

The portfolio features the Kirkalocka Gold Mine and associated processing infrastructure, positioning Catalina to establish a district-scale exploration and development platform. Post-acquisition, the company initiated systematic technical reviews and field activities to validate historical exploration data, refine geological models, and advance priority targets toward drilling. This acquisition marks a significant step in Catalina's strategy to build a robust Mid-West gold inventory through disciplined exploration, regional consolidation, and project progression.

Kirkalocka Project Historical Data Review Confirms Structurally Controlled Gold Mineralisation

Following acquisition, Catalina conducted an extensive review of historical geological, geophysical, and drilling datasets at the flagship Kirkalocka Project. The analysis confirmed multiple zones of gold mineralisation linked to structurally controlled targets near the Kirkalocka Gold Mine and processing facility. Field reconnaissance at the Highway, Capra, Avis, and 2 Mile Bore prospects validated historical data, refined geological interpretations, and identified priority drill targets. Geological mapping and rock-chip sampling completed during the quarter confirmed the prospectivity of several target areas.

Significant historical gold intercepts at Kirkalocka include 1m @ 23.08 g/t Au, 6m @ 1.38 g/t Au (including 3m @ 1.40 g/t Au), and 6m @ 1.79 g/t Au (including 3m @ 3.02 g/t Au). A soil geochemistry program commenced across priority structural corridors to further refine drill targets. Heritage planning and drill preparations advanced, with approximately 2,200m of RC drilling planned across four priority prospects following assay result interpretation. This methodical approach positions Kirkalocka for maiden exploration drilling in the upcoming quarter.

Pithara Project Reveals Historical Mining and Untapped Mineralisation Zones

At the Pithara Project, Catalina's comprehensive review of historical data confirmed the presence of the historic Pithara Gold Mine and multiple unmined zones of gold mineralisation surrounding the former pit. Historical mining by a private operator in 2011 yielded approximately 9,000 ounces at 15.4 g/t Au, underscoring the project's mineral potential. The review integrated drilling, geological interpretation, and geophysical data, identifying priority areas with potential for strike and depth extensions. Large portions of the project remain underexplored despite favourable geology.

Unmined mineralisation from historical drilling includes 7m @ 1.76 g/t Au from 89m, 5m @ 2.70 g/t Au from 29m (including 1m @ 8.53 g/t Au), and 2m @ 2.45 g/t Au from 8m (including 1m @ 3.51 g/t Au). Land access, heritage, and drill planning progressed to support maiden RC drilling at Pithara, slated for the September 2026 quarter—a key milestone to test the project's exploration potential.

Tallering Project Highlights Dual Gold and VMS Mineralisation Potential

Catalina's technical review of the Tallering Project confirmed its prospectivity for both structurally controlled gold and volcanogenic massive sulphide (VMS) mineralisation. Historical exploration identified a 2.2 km gold anomaly at the Santy Well Prospect, alongside multiple geophysical conductors and coincident gold, silver, and copper mineralisation. Several advanced targets supported by historical drilling and surface geochemistry were confirmed. This dual mineralisation style broadens exploration upside within the project.

The Tallering Project is among assets scheduled for systematic advancement in the September 2026 quarter. Ongoing soil geochemistry interpretations and geological assessments will refine exploration priorities. The presence of gold and copper-rich VMS mineralisation supports methodical exploration to delineate the full extent of mineralised systems, providing diversified upside aligned with commodity market trends.

Central Yilgarn Projects Define 12–14 km Mineralised Corridor at Palisade

During the quarter, Catalina's Central Yilgarn portfolio delivered positive exploration outcomes, with assay results from Evanston and Yerilgee confirming consistent gold mineralisation across multiple prospects. The Palisade Gold Project was formally established, consolidating the Chicken Little, Snowflake, T8, and Megatron prospects into a 12–14 km mineralised corridor, demonstrating interconnected gold mineralisation in the region and enabling systematic exploration.

The Megatron prospect shows significant expansion potential, with substantial untested strike. Historical results include 9m @ 2.6 g/t Au from 23m, including 3m @ 7.1 g/t Au from 26m, indicating strong gold mineralisation. Multiple high-priority targets were identified across the corridor, positioning Central Yilgarn assets for continued advancement.

Breakaway Dam Maiden Drilling Expands Strike and Reveals Copper-Rich Intercepts

Breakaway Dam's maiden drilling expanded mineralised strike from approximately 700m to 1.2 km, marking substantial growth in the mineralised footprint. Copper-rich intercepts included 1.9m @ 2.17% Cu from 198m, 2.9m @ 0.57% Cu from 204m, and 3.8m @ 0.31% Cu from 124m. Mineralisation was intersected at multiple depths and positions, indicating a laterally and vertically extensive system warranting further exploration.

Strong geophysical responses across all drill holes provide vectors for follow-up drilling and target refinement. Priority targets for the next drilling phase include a larger coherent zone identified from maiden results. These findings validate the exploration approach and highlight the district-scale potential of Catalina's portfolio.

Beasley Creek Soil and Geochemical Programs Expand Mineralised Footprint

Exploration at Beasley Creek expanded materially during the quarter through soil and rock chip programs. Gold, copper, and zinc soil anomalies increased the interpreted mineralised footprint, broadening exploration targets. New geochemical data support a coherent Au–Ag–Cu ± Pb–Zn polymetallic mineralisation system with distinct metal zonation: Flamingo as a copper-dominant system and Golden Hand as a higher-intensity polymetallic centre.

Rock chip sampling confirmed the copper-dominant system at Flamingo, with results up to 896 ppm Cu, validating soil geochemistry interpretations. The identification of distinct metallogenic zones provides a framework for prioritised exploration and positions Beasley Creek for focused drilling and resource testing.

Upcoming Exploration Milestones Set Stage for Active Field Season

Catalina has outlined key exploration milestones for the September 2026 quarter, including maiden RC drilling at the Pithara Project, marking the first drill test of this new asset. Drilling at Kirkalocka will follow heritage and land access approvals, with approximately 2,200m planned across four priority prospects. These drilling programs are central to testing targets identified through geological and geochemical assessments.

In addition to drilling, the company will continue interpreting soil geochemistry and geological data at Tallering, Peak Hill, Deflector North, Warriedar, and Boodanoo to refine exploration priorities. Catalina will also pursue regional growth opportunities aligned with its strategy to build a district-scale gold portfolio centered on Kirkalocka. This integrated approach combines active drilling, systematic targeting, and strategic expansion to deliver ongoing news flow and value creation.

Strategic Portfolio Consolidation Supports District-Scale Gold Platform Development

The Mid-West gold portfolio acquisition and systematic advancement activities exemplify Catalina's disciplined strategy to build a significant regional gold platform. Focusing on regional consolidation around Kirkalocka, combined with targeted exploration and project progression, the company gains exposure to multiple gold-bearing terranes and development prospects, reducing risk and enhancing exploration potential. Existing processing infrastructure at Kirkalocka and historical production at Pithara provide tangible benchmarks for mineral and economic potential.

Catalina's methodical validation of historical data, geological refinement, and target development demonstrates a robust approach to portfolio growth. The $3.0 million capital raise underscores confidence in the portfolio's long-term value. Diverse mineralisation styles—including gold-dominant, copper-rich, and polymetallic zones—offer multiple pathways for discovery and resource definition. This strategic consolidation positions Catalina as a key explorer in the Mid-West gold region with significant leverage to commodity price movements.