September Quarter Update: Catalina Resources (ASX:CTN) Expands WA Gold and REE Projects

Highlights

• Latest drilling campaigns at Laverton confirmed gold and rare earth element (REE) mineralisation.
• High-grade gold intercepts at Laverton include 18m @ 1.16 g/t Au and 1 m @ 11.5 g/t Au.
• REE results included 12m @ 5,828 ppm TREO with anomalous Nd and Pr.
• Central Yilgarn projects advanced with Heritage Protection Agreements and rock chip assays up to 84 g/t Au.
• Catalina secured 100% ownership of the Beasley Creek Gold Project, adding high-priority targets to its WA portfolio.
• Jade Smith appointed as Executive Director and COO.

In the September 2025 quarter, Catalina Resources Ltd (ASX:CTN) continued exploration progress across its Western Australian projects. The company completed two RC drilling campaigns at Laverton, confirming both gold and rare earth element (REE) mineralisation, while advancing heritage approvals and high-grade gold targeting at its Central Yilgarn projects.

Catalina also secured 100% ownership of the Beasley Creek Gold Project and strengthened its leadership with the appointment of Jade Smith as Executive Director and COO.

Halo Project in Laverton – Gold and REE Mineralisation Confirmed

The company has completed two reverse circulation (RC) drilling campaigns at its Halo Gold Project in Laverton. A total of 16 RC holes were drilled targeting both gold and rare earth elements (REE).

Significant gold intercepts included

• 18 m @ 1.16 g/t Au from 127 m (incl. 5 m @ 2.3 g/t Au) – LVRC02
• 1 m @ 11.50 g/t Au from 114 m – LVRC10
• 2 m @ 3.13 g/t Au from 48 m – LVRC12
• 3 m @ 1.00 g/t Au from 118 m – LVRC12
• 2 m @ 1.28 g/t Au from 109 m – LVRC12
• 1 m @ 3.15 g/t Au from 149 m – LVRC15
• 2 m @ 0.71 g/t Au from 62 m – LVRC09
• 17 m @ 0.90 g/t Au from 44 m – LVRC06
• 2 m @ 3.79 g/t Au from 190 m – LVRC07
• 5 m @ 2.62 g/t Au from 217 m – LVRC07
• 2 m @ 2.55 g/t Au from 58 m – LVRC08

REE assays returned-

• 12 m @ 5,828 ppm TREO from 64 m (incl. 4 m @ 1.19% TREO) – LVRC04
• 12 m @ 2,398 ppm TREO from 20 m – LVRC04
• 8 m @ 2,137 ppm TREO from 24 m – LVRC05
• 8 m @ 1,935 ppm TREO from 52 m – LVRC05

Furthermore, anomalous praseodymium (Pr₂O₃) and neodymium (Nd₂O₃) anomalies were also intersected.

The company plans metallurgical test work at ANSTO to assess REE recoverability. All assay results will be consolidated to refine geological interpretation, evaluate mineralisation continuity, and plan next steps to advance the Halo Project.

Central Yilgarn Projects – Heritage Agreements and Targeting

In the Central Yilgarn region, a Heritage Protection Agreement was executed, and Heritage Notice was served over priority targets. The heritage survey is scheduled for completion by 24 November 2025. This is expected to enable subsequent drilling across the Yerilgee and Evanston Greenstone Belts.  

The company also collected rock chip samples from the Snowflake prospect within the Yerilgee belt.

Image source: Company update

Beasley Creek Acquisition – Expanding WA Gold Portfolio

The company secured 100% ownership of the Beasley Creek Gold Project in the Pilbara Craton region. The project is considered to have potential for multiple gold deposit styles. The project presents two targets model - conglomerate-style gold and structurally controlled orogenic gold. Historical drilling returned 4 m @ 11.5 g/t Au, and the company’s planned exploration will focus on these areas that remain untested.

The acquisition includes performance-based milestones tied to drilling success and JORC resource definition, with share and performance rights subject to shareholder approval.

Corporate Update

Jade Smith was appointed Executive Director and COO in September 2025. He brings over 20 years of executive experience across multiple sectors and is conducting a comprehensive review of Catalina’s operations to optimise site priorities and internal governance, preparing the company for its next growth phase.

CTN shares were trading at AUD 0.004 per share at the time of writing on 31 October 2025.