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Highlights
- Catalina Resources has raised AUD 237,000 from the sale of its stake in MetalsGrove Mining Ltd to support ongoing exploration.
- A Heritage Agreement has been executed at the Central Yilgarn Project, clearing the path for RC drilling targeting gold and REE anomalies.
- RC drilling at the Laverton Project is on track for completion by Friday, with assay results expected in upcoming updates.
ASX-listed explorer Catalina Resources Ltd (ASX:CTN) has released an update on its recent corporate developments and exploration activities across its key projects in Western Australia. The company is progressing its strategic exploration programs at the Central Yilgarn and Laverton projects while strengthening its financial position through the sale of a listed investment.
Catalina remains focused on generating long-term value from its Western Australian portfolio through systematic exploration and disciplined capital management.
Sale of Listed Investment Boosts Exploration Budget
Catalina has finalised the sale of its equity stake in ASX-listed resource company, MetalsGrove Mining Ltd, raising gross proceeds of AUD 237,000 before brokerage fees. The company confirmed these funds would support its ongoing exploration initiatives.
Heritage Agreement Executed at Central Yilgarn
Significant progress has been made at the Central Yilgarn Project with the execution of a Heritage Agreement covering key tenements. A heritage survey is scheduled to commence shortly, paving the way for a reverse circulation (RC) drilling program. The planned drilling will target high-priority gold and rare earth element (REE) anomalies, which were defined during the company’s 2023 aircore drilling campaign.
Laverton Drilling Campaign Nears Completion
The reverse circulation drilling at the Laverton Project is on schedule, with completion expected by Friday afternoon. The company plans to share on-site observations in a market update next week. All collected samples will be submitted for laboratory assays, and results will be released as they become available.
CTN shares were trading at AUD 0.004 per share at the time of writing on 17 July 2025.