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Highlights
- Catalina Resources launched Phase 1 of a ~20,000m drilling program across priority targets at the Central Yilgarn Project.
- The Beasley Creek Gold Project acquisition was completed, adding a district-scale gold opportunity in the Pilbara region.
- At the Beasley Creek Project, Flamingo Prospect identified as a priority drill-ready target.
- Final assay results from RC drilling at the Halo Gold Project confirmed extensions to gold mineralisation along strike and at depth.
Catalina Resources Ltd (ASX:CTN) has reported an active December 2025 quarter, outlining continued momentum across its exploration portfolio in Western Australia. During the period, the company commenced a major drilling program at the Central Yilgarn Project, completed the acquisition of the Beasley Creek Gold Project in the Pilbara region, and reported final drill assays for the Halo Gold Project in Laverton, alongside several corporate developments.
Drilling Program Underway at Central Yilgarn
At the Central Yilgarn Project, the company commenced Phase 1 of its planned ~20,000m drilling program during the quarter. The initial phase includes approximately 10,000m of reverse circulation (RC) and aircore (AC) drilling targeting priority prospects across the Evanston and Yerilgee project areas.
Drilling is focused on the Leghorn, Viper South and T1B prospects within Evanston, along with the Chicken Little, Snowflake and T8 prospects within Yerilgee.
The drilling program is designed to refine the geological model in areas with notable historical intercepts, including multiple gold intersections and copper-bearing massive sulphide zones. Drilling across priority targets is expected to be completed in February 2026, with assay results to be incorporated into updated geological interpretations to support target refinement and future drilling programs.
Beasley Creek Acquisition Expands Pilbara Footprint
During the quarter, the company completed the acquisition of the Beasley Creek Gold Project in Western Australia’s Pilbara region, gaining exposure to an underexplored, large gold system in a Tier-1 mining jurisdiction. The project complements the company’s existing Central Yilgarn and Laverton assets.
An independent technical review undertaken during the reported period confirmed the prospectivity for shear-hosted orogenic gold along the Mithgoondy Shear Zone and associated structures. The Flamingo Prospect was identified as a drill-ready target. This prospect is defined by magnetic features, coincident soil anomalies, favourable lithologies and structural trends.
Laverton Gold Intercepts Extended
At the Laverton Project, all assay results from the September 2025 RC drilling program at the Halo Gold Project were received. Significant intercepts include-
- 17m @ 0.90g/t Au from 44m (LVRC06)
- 2m @ 3.79g/t Au from 190m (LVRC07)
- 5m @ 2.62g/t Au from 217m (LVRC07)
- 2m @ 2.55g/t Au from 58m (LVRC08)
- 1m @ 11.5g/t Au from 114 m (LVRC10)
- 2m @ 3.1g/t Au from 48 m (LVRC12)
- 3m @ 1.0g/t Au from 118 m (LVRC12)
- 2m @ 1.3g/t Au from 109 m (LVRC12)
- 1m @ 3.2g/t Au from 149 m (LVRC15)
- 2m @ 0.7g/t Au from 62 m (LVRC09)
The results confirmed extensions to the mineralised zone, which remains open along strike and down plunge.
Subsequent to the quarter, the company announced its intention to divest its Laverton project portfolio to ASX-listed company Forrestania Resources Limited as part of a portfolio rationalisation strategy.
Corporate Update: New Constitution
During the quarter, the company adopted a new Constitution following shareholder approval at a general meeting. The updated Constitution aligns the company’s governing document with the Corporations Act 2001 (Cth), ASX Listing Rules, and contemporary governance and capital management practices. The new constitution provides an updated structure for the management of shareholder rights, the issue of securities, and Board operations.
CTN shares traded at AUD 0.093 per share at the time of writing on 2 February 2026.
