Exploration Programs Accelerate Across Key Projects
Catalina Resources Ltd, also known as CTN on the Australian Securities Exchange, has provided its quarterly update for the period ending 30 June 2025. The Company progressed drilling and evaluation activities at the Central Yilgarn and Laverton Projects in Western Australia.
A technical review at the Yerilgee and Evanston greenstone belts delivered multiple walk-up RC drilling targets. Catalina scheduled a new RC drilling campaign for the second half of 2025 to follow up promising historical and recent results.
Location of Catalina’s Projects
Strong Results at Yerilgee’s T6 and T8 Gold Camps
At the Yerilgee Project, the T6 Gold Camp returned significant intercepts. At the Chicken Little target, hole CYRC012 recorded 17m at 4.1g/t gold and 28g/t silver from 53m, including 4m at 14.9g/t gold and 72.2g/t silver from 54m.
Another hole, CYRC013, intersected 7m at 0.2g/t gold and 56g/t silver from 82m. The Megatron and Snowflake targets also delivered encouraging results.
Megatron returned 9m at 2.6g/t gold from 23m, including 3m at 7.1g/t gold. Snowflake delivered 16m at 19g/t gold from surface, including 4m at 8.5g/t gold.
T8 Confirms Broad Gold Zones
The T8 Gold Camp confirmed broad anomalous zones. Drillhole BARRC015 intersected 17m at 0.7g/t gold from 22m, including 8m at 1.2g/t gold from 27m.
Hole BARRC014 returned 10m at 0.8g/t gold from 11m, including 1m at 6g/t gold, and 27m at 0.4g/t gold from 40m. Two additional soil anomalies remain untested in this area.
Evanston Belt Yields New Gold and Copper Targets
At the Evanston Project, the Viper Prospect in the T1 Gold Camp returned 15m at 1.5g/t gold from 12m, including 3m at 6.7g/t gold.
Another hole delivered 33m at 0.3g/t gold, including 3m at 0.9g/t gold. Only three RC holes have been drilled at Viper, with mineralisation remaining open.
At T2, the Leghorn Prospect intersected 48m at 0.6g/t gold from 27m, including 21m at 1.3g/t gold, and 7m at 0.79% copper with 2m at 2.1% copper.
Drillhole BARRDD02 recorded 34m at 0.5g/t gold from 32m, including 1m at 2.88g/t gold. The Erk Prospect confirmed gold along a 3km soil anomaly zone.
Laverton Project Delivers Gold and Rare Earth Intercepts
Catalina Resources (ASX:CTN) confirmed gold mineralisation at Laverton’s Barnicoat Shear Zone. Hole LVAC049 intersected 28m at 1.09g/t gold from 57m, including 1m at 9.69g/t gold.
This result highlights a potential bedrock source beneath saprolite clays, with adjacent holes showing hydrothermal indicators.
Rare earth drilling at Laverton revealed encouraging values. LVAC037 intersected 9m at 7,565ppm TREO from 47m, including 4m at 13,406ppm (1.34%) TREO from 49m.
Neodymium and praseodymium (NdPr) levels reached 0.3%, matching ratios found in the nearby Mt Weld deposit.
Corporate Changes Strengthen Leadership
Catalina Resources Ltd appointed Karl Simich as Non-Executive Chairman effective 10 June 2025. Mr Simich brings 38 years of mining and finance experience.
He held leadership roles in several ASX-listed companies and has a strong track record in project delivery and shareholder value creation.
Johnathon Busing, a Chartered Accountant, replaced Sanjay Loyalka as Company Secretary in April 2025.
Capital Raising Boosts Cash Position
In May 2025, Catalina completed a $2.27 million capital raising via a non-renounceable entitlement offer and shortfall placement.
This significantly increased cash reserves, enabling the Company to support its expanding exploration programs.
At quarter’s end, Catalina reported $3.52 million in cash and held 4.75 million shares in Metalsgrove Mining Ltd (ASX: MGA).
Exploration Spend and Related Party Transactions
The Company spent $41,659 on exploration during the quarter, including $36,982 in Western Australia and $4,677 in New South Wales.
Payments to related parties totalled $230,897 for executive salaries, consulting fees, non-executive director payments and reimbursements.
Tenure and Production Update
Catalina Resources (ASX:CTN) did not acquire or relinquish any mining tenements during the period. The Company reported no mining production or development activity.
Outlook
Catalina expects to begin its RC drilling program in H2 2025, with targets defined across multiple gold and REE prospects.
The Company aims to advance drilling at high-priority zones in Central Yilgarn and Laverton and continue building value across its Western Australian portfolio.
