Catalina Resources (ASX:CTN) Welcomes Karl Simich as Non-Executive Chairman

June 10, 2025 12:20 PM AEST | By Sonal Goyal

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Catalina Resources (ASX:CTN) Welcomes Karl Simich as Non-Executive Chairman — Image source: Company update

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Highlights

Karl Simich has been appointed as Non-Executive Chairman of Catalina Resources, effective immediately.

Simich brings more than 38 years of experience in international resource leadership and corporate finance.

He is the founder of Sandfire Resources and played a key role in its transformation into a multi-billion-dollar global mining company.

Simich joins Catalina through a performance-based incentive structure.

Catalina Resources Ltd (ASX:CTN) has appointed veteran mining executive Karl Simich as Non-Executive Chairman, effective immediately. Simich has elected to participate exclusively through the company’s long-term incentive arrangements, highlighting his commitment to sustained value creation and alignment with shareholder’ interests.

Extensive Experience in the Mining Sector

Simich brings more than 38 years of experience in corporate finance and leadership within the international resources sector. He is best known as the founder of ASX-listed Sandfire Resources, where he led the discovery and development of the high-grade DeGrussa Copper-Gold Mine, located in Western Australia.

During his tenure at Sandfire, Simich oversaw the company’s global growth and diversification strategy that aimed at transforming the company from a single-mine operator into a globally diversified producer with a market capitalisation exceeding AUD 5 billion.

He has also held variousboard and senior executive roles across multiple ASX-listed companies. He has a proven track record in project development, capital markets engagement and delivering long-term shareholder value.

A Fellow of the Institute of Chartered Accountants and the Financial Services Institute of Australasia, Simich brings financial expertise and strategic leadership to Catalina Resources.

Performance-Based Incentive PackageTop of FormBottom of Form

Subject to shareholder approval, the company intends to issue 35 million performance rights to Simich. These rights will vest upon the company’s shares achieving a volume-weighted average price (VWAP) of at least AUD 0.01 for 20 consecutive trading days on the ASX.

CTN shares traded at AUD 0.004 per share at the time of writing on 10 June 2025.

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