Catalina Resources (ASX:CTN) Accelerates Critical Minerals and Gold Exploration Strategy

Highlights

• During the June 2025 quarter, Catalina Resources completed a technical review of historical data across the Yerilgee and Evanston greenstone belts, identifying multiple RC drill targets.
• An initial RC drilling program is scheduled to commence in the second half of 2025 at the Central Yilgarn Project.
• At the Laverton Project, aircore drilling intersected 28m @ 1.09g/t Au from 57m in hole LVAC049.
• REE mineralisation was also confirmed at Laverton, with LVAC037 returning 4m @ 13,406ppm TREO, comparable to the nearby Mt Weld deposit.
• In June 2025, Karl Simich was appointed as Non-Executive Chairman.
• Catalina raised AUD 2.27 million through a capital raising initiative, increasing cash reserves to AUD 3.52 million.

Catalina Resources Limited (ASX:CTN) advanced exploration activities across its Central Yilgarn and Laverton projects in Western Australia during the quarter ended 30 June 2025. Situated within highly prospective and underexplored greenstone belts, these projects form a core part of the company’s strategy to unlock the potential of both precious and critical metals).

The quarter was marked by technical evaluations, promising drilling results, and strategic corporate developments.

Central Yilgarn Project – Targeted Drilling and High-Grade Gold Intercepts

During the quarter, the company completed a technical review of historical exploration data across the Yerilgee and Evanston greenstone belts. These tenements were acquired in January 2025 from Dreadnought Exploration Pty Ltd, a subsidiary of ASX-listed Dreadnought Resources. The review identified multiple walk- reverse circulation (RC) drill targets, with initial drilling planned for the second half of 2025.

• Yerilgee Project
  The Yerilgee Greenstone Belt has undergone significant structural deformation and shearing over time. Exploration within this belt is focused on three main gold target zones: T6, T8, and T11.
• Evanston Project
  Located within the Evanston Shear Zone, the Evanston Greenstone Belt is characterised by intense faulting and deformation. It hosts extensive quartz veining, including individual veins up to 40m wide and stretching several hundred metres in length. Two primary gold target areas, T1 and T2, have been delineated within the belt—both featuring confirmed mineralisation and high-grade intercepts, yet remain largely underexplored.

Laverton Project – Encouraging Gold and REE Mineralisation

At the Laverton Project, Catalina advanced aircore drilling across the Barnicoat Shear Zone. The most significant result was reported from hole LVAC049, which intersected 28m @ 1.09g/t Au from 57m, including 1m @ 9.69g/t Au, suggesting the potential presence of bedrock gold source beneath saprolitic clays.

Drilling also identified significant REE mineralisation. Hole LVAC037 returned 4m @ 13,406ppm (1.34%) TREO from 49m. The NdPr to TREO ratio is comparable to the adjacent Mt Weld deposit, indicating potential for carbonatite-related REE mineralisation.

Corporate Developments and Capital Strengthening

In June 2025, the company announced the appointment of veteran mining executive Karl Simich as Non-Executive Chairman. His experience in international resource companies and capital markets is expected to play a key role in supporting the company’s growth strategy.

In addition, the company raised AUD 2.27 million via a non-renounceable entitlement offer and shortfall placement. At the end of the quarter, the company held AUD 3.52 million in cash and 4,750,000 shares in ASX-listed Metalsgrove Mining Ltd (ASX:MGA).

Catalina ended the quarter with multiple high-priority drill targets, high-grade intercepts, strengthened leadership and funding to advance exploration across its gold and REE projects in Western Australia.

CTN shares were trading at AUD 0.005 per share at the time of writing on 25 July 2025.