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CATALINA RESOURCES LTD — Capital/Financing Update 2025
Jul 31, 2025
64716_rns_2025-07-31_c040a8a4-9a0e-47f2-9487-6b04f81ac34e.pdf
Capital/Financing Update
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ASX Announcement
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Updated: Catalina intersects wide gold zones in maiden drilling
Catalina Resources Ltd (ASX: CTN) (‘Catalina’ or the ‘Company’) advises that the announcement “Catalina intersects wide gold zones in maiden drilling,” lodged with ASX on 31 July 2025, has been updated.
The updated release includes dip and azimuth information added to Appendix 2 – Drill Hole Collar Listing.
No other changes have been made to the content of the announcement.
This announcement has been authorised for release by the Executive Director.
Contacts
Investors / Shareholders
Ross Cotton Executive Director T: +61 (0)8 6165 8858
ABOUT CATALINA RESOURCES LIMITED
Catalina Resources Limited is an Australian diversified mineral exploration and mine development company whose vision is to create shareholder value through the successful exploration of prospective gold, base metal, lithium and iron ore projects and the development of these projects into production.
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 1 of 1
E: [email protected] A : Level 2, 7 Havelock Street West Perth WA 6005
catalinaresources.com.au
ASX Announcement
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Catalina intersects wide gold zones in maiden drilling
Highlights
-
18m @ 1.16 g/t Au from 127m, including 5m @ 2.3 g/t Au in LVRC02
-
Gold hosted in strongly altered quartz–feldspar volcanic rocks, indicative of a large-scale system
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Immediate step-out RC and diamond drilling planned to follow open strike and depth extensions
Catalina Resources Ltd (ASX: CTN) (‘Catalina’ or the ‘Company’) has delivered wide zones of gold mineralisation from its maiden reverse circulation (RC) drill program at the 100%-owned Laverton Project in Western Australia.
The program targeted the Barnicoat Shear Zone – a regionally significant structure interpreted from geophysics that extends through the Company’s E38/3697 tenement.
Drilling results and geology
LVRC02 was drilled beneath last year’s aircore hole LVAC049, which intersected 28m @ 1.09 g/t Au from 57m including 1m @ 9.69 g/t Au. The new RC drilling has now confirmed that gold mineralisation extends below this shallow intercept into fresh rock, returning 21m @ 1.04 g/t Au from 127m, including 5m @ 2.3 g/t Au.
Mineralisation is hosted in bleached quartz–feldspar volcanic rocks containing networks of fine sericite–pyrite– chlorite ± quartz veining. The best grades occur within a steeply east-dipping, tabular envelope of more intense veining and brecciation (Figure 3). Quartz–albite–hematite veining is also common in this zone.
This hydrothermal mineralisation remains open in all directions and is interpreted to represent the upper levels of an intrusion-hosted gold system – the style that underpins several major Laverton deposits.
Executive Director, Ross Cotton commented;
“This is an exciting early result. To intersect this grade and width in such a strongly altered intrusive rock is a textbook indicator of a larger mineralised system. With regional infrastructure, access to mills, and a highly prospective geological setting, we’re fast-tracking follow-up drilling.”
Next Steps
Catalina has mobilised for immediate follow-up drilling, with a second-phase RC and diamond program to test:
-
strike extensions of the LVRC02 intercept, and
-
the depth potential of the mineralisation.
T: 61 8 6165 8858 E: [email protected] A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 1 of 17
catalinaresources.com.au
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Petrology and multi-element geochemistry are underway to characterise the system, and all results will be integrated into a 3D geological model to guide resource targeting.
Rare Earth Element Potential
Previous aircore drilling also intersected high-grade REE mineralisation in the area, including 4m @ 13,406ppm TREO in LVAC037. RC holes LVRC04 and LVRC05 targeted this zone – assays are pending and could add another dimension to the project’s prospectivity.
Project Context
The Laverton Project sits within the Laverton Tectonic Zone, a proven gold province hosting more than 25Moz of historical production. Catalina’s ground is strategically located near major operations including Gold Fields Limited (JSE: GFI) (market cap ~ $22B USD) Granny Smith and Wallaby operations and AngloGold Ashanti PLC (NYSE:AU) (market cap ~$25B USD) Sunrise Dam.
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Figure 1 – Regional location diagram of the Laverton Gold Project
T: 61 8 6165 8858 E: [email protected] A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 2 of 17
catalinaresources.com.au
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Figure 2 – Area of anomalous gold in previous air core drilling by Catalina Resources Also shown is the location of the drilling section in figure 3
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 3 of 17 catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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Figure 3 – RC and AC drilling cross section showing east dipping tabular envelope of mineralisation within a wide altered felsic rock
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 4 of 17 catalinaresources.com.au
E: [email protected] A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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This announcement has been authorised for release by the Board of the Company.
Contacts
Investors / Shareholders
Ross Cotton Executive Director T: +61 (0)8 6165 8858
References
This Report contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (“2012 JORC Code”). Further details (including 2012 JORC Code reporting tables where applicable) of exploration results referred to in this announcement can be found in the following announcements lodged on the ASX:
¹ 25 June 2025. Exploration Update of the Central Yilgarn and Laverton Projects. ² 8 January 2025. Re-analysis Upgrades Gold and REE Intersections at Laverton.
The Company confirms that it is not aware of any new information or data that materially affects the information in the original reports, and that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original reports.
Competent Person Statement
The review of the newly reported and historical exploration activities and results contained in this report is based on information compiled by Michael Busbridge, a Member of the Australian Institute of Geoscientists (AIG). He is a Consultant to Catalina Resources Ltd. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).
Michael Busbridge has consented to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Where the Company refers to the Mineral Resources in this report (referencing previous releases made to the ASX), it confirms that it is not aware of any new information or data that materially affects the information included in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource estimate with that announcement continue to apply and have not materially changed.
Forward-Looking Statements
This announcement contains forward-looking statements that are subject to a range of risks and uncertainties. These statements relate to the Company’s expectations, intentions, or strategies regarding the future. While the Company believes these statements to be reasonable at the time of release, actual events or results may differ
T: 61 8 6165 8858 E: [email protected] A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 5 of 17
catalinaresources.com.au
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materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements and should consider all relevant assumptions and risk factors as disclosed by the Company.
ABOUT CATALINA RESOURCES LIMITED
Catalina Resources Limited is an Australian diversified mineral exploration and mine development company whose vision is to create shareholder value through the successful exploration of prospective gold, base metal, lithium and iron ore projects and the development of these projects into production.
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 6 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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Appendix 1. RC Drilling Assay Listing LVRC01 to LVRC05. Gold analysis by Fire Assay. Det Limit was 0.01 g/t Au.
| H o le_Id | D epth F ro m |
D epth T o |
Interval M eters |
A U ppm | H o le_Id | D epth F ro m |
D epth T o | Interval M eters |
A U ppm | |
|---|---|---|---|---|---|---|---|---|---|---|
| LVRC001 | 40.00 | 41.00 | 1 | 0.03 | LVRC001 | 101.00 | 102.00 | 1 | 0.55 | |
| LVRC001 | 41.00 | 42.00 | 1 | 0.03 | LVRC001 | 102.00 | 103.00 | 1 | 0.04 | |
| LVRC001 | 42.00 | 43.00 | 1 | <0.01 | LVRC001 | 103.00 | 104.00 | 1 | 0.03 | |
| LVRC001 | 43.00 | 44.00 | 1 | <0.01 | LVRC001 | 104.00 | 105.00 | 1 | 0.08 | |
| LVRC001 | 44.00 | 45.00 | 1 | <0.01 | LVRC001 | 105.00 | 106.00 | 1 | 0.09 | |
| LVRC001 | 45.00 | 46.00 | 1 | 0.01 | LVRC001 | 106.00 | 107.00 | 1 | 0.12 | |
| LVRC001 | 46.00 | 47.00 | 1 | <0.01 | LVRC001 | 107.00 | 108.00 | 1 | 0.03 | |
| LVRC001 | 47.00 | 48.00 | 1 | 0.02 | LVRC001 | 108.00 | 109.00 | 1 | 0.02 | |
| LVRC001 | 48.00 | 49.00 | 1 | <0.01 | LVRC001 | 109.00 | 110.00 | 1 | 0.02 | |
| LVRC001 | 49.00 | 50.00 | 1 | 0.02 | LVRC001 | 110.00 | 111.00 | 1 | <0.01 | |
| LVRC001 | 50.00 | 51.00 | 1 | <0.01 | LVRC001 | 111.00 | 112.00 | 1 | <0.01 | |
| LVRC001 | 51.00 | 52.00 | 1 | <0.01 | LVRC001 | 112.00 | 113.00 | 1 | 0.02 | |
| LVRC001 | 52.00 | 53.00 | 1 | <0.01 | LVRC001 | 113.00 | 114.00 | 1 | 0.02 | |
| LVRC001 | 53.00 | 54.00 | 1 | <0.01 | LVRC001 | 114.00 | 115.00 | 1 | <0.01 | |
| LVRC001 | 54.00 | 55.00 | 1 | <0.01 | LVRC001 | 115.00 | 116.00 | 1 | 0.02 | |
| LVRC001 | 55.00 | 56.00 | 1 | <0.01 | LVRC001 | 116.00 | 117.00 | 1 | 0.01 | |
| LVRC001 | 56.00 | 57.00 | 1 | <0.01 | LVRC001 | 117.00 | 118.00 | 1 | <0.01 | |
| LVRC001 | 57.00 | 58.00 | 1 | <0.01 | LVRC001 | 118.00 | 119.00 | 1 | 0.02 | |
| LVRC001 | 58.00 | 59.00 | 1 | <0.01 | LVRC001 | 119.00 | 120.00 | 1 | 0.02 | |
| LVRC001 | 59.00 | 60.00 | 1 | <0.01 | LVRC001 | 120.00 | 121.00 | 1 | 0.01 | |
| LVRC001 | 60.00 | 61.00 | 1 | <0.01 | LVRC001 | 121.00 | 122.00 | 1 | 0.02 | |
| LVRC001 | 61.00 | 62.00 | 1 | <0.01 | LVRC001 | 122.00 | 123.00 | 1 | <0.01 | |
| LVRC001 | 62.00 | 63.00 | 1 | 0.02 | LVRC001 | 123.00 | 124.00 | 1 | <0.01 | |
| LVRC001 | 63.00 | 64.00 | 1 | 0.01 | LVRC001 | 124.00 | 125.00 | 1 | <0.01 | |
| LVRC001 | 64.00 | 65.00 | 1 | 0.08 | LVRC001 | 125.00 | 126.00 | 1 | <0.01 | |
| LVRC001 | 65.00 | 66.00 | 1 | 0.04 | LVRC001 | 126.00 | 127.00 | 1 | <0.01 | |
| LVRC001 | 66.00 | 67.00 | 1 | 0.36 | LVRC001 | 127.00 | 128.00 | 1 | <0.01 | |
| LVRC001 | 67.00 | 68.00 | 1 | 0.21 | LVRC001 | 128.00 | 129.00 | 1 | 0.02 | |
| LVRC001 | 68.00 | 69.00 | 1 | 0.02 | LVRC001 | 129.00 | 130.00 | 1 | <0.01 | |
| LVRC001 | 69.00 | 70.00 | 1 | 0.16 | LVRC001 | 130.00 | 131.00 | 1 | <0.01 | |
| LVRC001 | 70.00 | 71.00 | 1 | 0.06 | LVRC001 | 131.00 | 132.00 | 1 | <0.01 | |
| LVRC001 | 71.00 | 72.00 | 1 | 0.18 | LVRC001 | 132.00 | 133.00 | 1 | <0.01 | |
| LVRC001 | 72.00 | 73.00 | 1 | 0.03 | LVRC001 | 133.00 | 134.00 | 1 | <0.01 | |
| LVRC001 | 73.00 | 74.00 | 1 | 0.08 | LVRC001 | 134.00 | 135.00 | 1 | 0.01 | |
| LVRC001 | 74.00 | 75.00 | 1 | 0.02 | LVRC001 | 135.00 | 136.00 | 1 | <0.01 | |
| LVRC001 | 75.00 | 76.00 | 1 | 0.1 | LVRC001 | 136.00 | 137.00 | 1 | 0.02 | |
| LVRC001 | 76.00 | 77.00 | 1 | 0.34 | LVRC001 | 137.00 | 138.00 | 1 | <0.01 | |
| LVRC001 | 77.00 | 78.00 | 1 | 0.03 | LVRC001 | 138.00 | 139.00 | 1 | <0.01 | |
| LVRC001 | 78.00 | 79.00 | 1 | 0.07 | LVRC001 | 139.00 | 140.00 | 1 | <0.01 | |
| LVRC001 | 79.00 | 80.00 | 1 | 0.02 | LVRC001 | 140.00 | 141.00 | 1 | <0.01 | |
| LVRC001 | 80.00 | 81.00 | 1 | <0.01 | LVRC001 | 141.00 | 142.00 | 1 | <0.01 | |
| LVRC001 | 81.00 | 82.00 | 1 | 0.02 | LVRC001 | 142.00 | 143.00 | 1 | <0.01 | |
| LVRC001 | 82.00 | 83.00 | 1 | 0.02 | LVRC001 | 143.00 | 144.00 | 1 | <0.01 | |
| LVRC001 | 83.00 | 84.00 | 1 | 0.02 | LVRC002 | 40.00 | 41.00 | 1 | 0.01 | |
| LVRC001 | 84.00 | 85.00 | 1 | <0.01 | LVRC002 | 41.00 | 42.00 | 1 | 0.01 | |
| LVRC001 | 85.00 | 86.00 | 1 | 0.01 | LVRC002 | 42.00 | 43.00 | 1 | 0.14 | |
| LVRC001 | 86.00 | 87.00 | 1 | 0.03 | LVRC002 | 43.00 | 44.00 | 1 | 0.25 | |
| LVRC001 | 87.00 | 88.00 | 1 | 0.02 | LVRC002 | 44.00 | 45.00 | 1 | 1.19 | |
| LVRC001 | 88.00 | 89.00 | 1 | 0.03 | LVRC002 | 45.00 | 46.00 | 1 | 0.38 | |
| LVRC001 | 89.00 | 90.00 | 1 | 0.01 | LVRC002 | 46.00 | 47.00 | 1 | 0.16 | |
| LVRC001 | 90.00 | 91.00 | 1 | <0.01 | LVRC002 | 47.00 | 48.00 | 1 | 0.21 | |
| LVRC001 | 91.00 | 92.00 | 1 | 0.03 | LVRC002 | 48.00 | 49.00 | 1 | 0.17 | |
| LVRC001 | 92.00 | 93.00 | 1 | 0.03 | LVRC002 | 49.00 | 50.00 | 1 | 0.04 | |
| LVRC001 | 93.00 | 94.00 | 1 | 0.13 | LVRC002 | 50.00 | 51.00 | 1 | 0.72 | |
| LVRC001 | 94.00 | 95.00 | 1 | 0.05 | LVRC002 | 51.00 | 52.00 | 1 | 0.04 | |
| LVRC001 | 95.00 | 96.00 | 1 | 0.11 | LVRC002 | 52.00 | 53.00 | 1 | 0.08 | |
| LVRC001 | 96.00 | 97.00 | 1 | 0.23 | LVRC002 | 53.00 | 54.00 | 1 | 0.36 | |
| LVRC001 | 97.00 | 98.00 | 1 | 0.11 | LVRC002 | 54.00 | 55.00 | 1 | 0.12 | |
| LVRC001 | 98.00 | 99.00 | 1 | 0.27 | LVRC002 | 55.00 | 56.00 | 1 | 0.18 | |
| LVRC001 | 99.00 | 100.00 | 1 | 0.07 | LVRC002 | 56.00 | 57.00 | 1 | 0.12 | |
| LVRC001 | 100.00 | 101.00 | 1 | 0.07 | LVRC002 | 57.00 | 58.00 | 1 | 0.05 |
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 7 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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| H o le_Id | D epth F ro m |
D epth T o |
Interval M eters |
A U ppm | H o le_Id | D epth F ro m |
D epth T o | Interval M eters |
A U ppm | |
|---|---|---|---|---|---|---|---|---|---|---|
| LVRC002 | 58.00 | 59.00 | 1 | 0.07 | LVRC002 | 118.00 | 119.00 | 1 | 0.04 | |
| LVRC002 | 59.00 | 60.00 | 1 | 0.48 | LVRC002 | 119.00 | 120.00 | 1 | 0.04 | |
| LVRC002 | 60.00 | 61.00 | 1 | 0.98 | LVRC002 | 120.00 | 121.00 | 1 | 0.12 | |
| LVRC002 | 61.00 | 62.00 | 1 | 0.58 | LVRC002 | 121.00 | 122.00 | 1 | 0.11 | |
| LVRC002 | 62.00 | 63.00 | 1 | 0.76 | LVRC002 | 122.00 | 123.00 | 1 | 0.35 | |
| LVRC002 | 63.00 | 64.00 | 1 | 0.18 | LVRC002 | 123.00 | 124.00 | 1 | 0.18 | |
| LVRC002 | 64.00 | 65.00 | 1 | 0.22 | LVRC002 | 124.00 | 125.00 | 1 | 0.1 | |
| LVRC002 | 65.00 | 66.00 | 1 | <0.01 | LVRC002 | 125.00 | 126.00 | 1 | 0.18 | |
| LVRC002 | 66.00 | 67.00 | 1 | 0.04 | LVRC002 | 126.00 | 127.00 | 1 | 0.59 | |
| LVRC002 | 67.00 | 68.00 | 1 | 0.1 | LVRC002 | 127.00 | 128.00 | 1 | 0.81 | |
| LVRC002 | 68.00 | 69.00 | 1 | 1.73 | LVRC002 | 128.00 | 129.00 | 1 | 0.43 | |
| LVRC002 | 69.00 | 70.00 | 1 | 1.67 | LVRC002 | 129.00 | 130.00 | 1 | 3.58 | |
| LVRC002 | 70.00 | 71.00 | 1 | 0.57 | LVRC002 | 130.00 | 131.00 | 1 | 3.64 | |
| LVRC002 | 71.00 | 72.00 | 1 | 1.29 | LVRC002 | 131.00 | 132.00 | 1 | 3.02 | |
| LVRC002 | 72.00 | 73.00 | 1 | 0.38 | LVRC002 | 132.00 | 133.00 | 1 | 0.56 | |
| LVRC002 | 73.00 | 74.00 | 1 | 0.24 | LVRC002 | 133.00 | 134.00 | 1 | 0.35 | |
| LVRC002 | 74.00 | 75.00 | 1 | 0.42 | LVRC002 | 134.00 | 135.00 | 1 | 1.11 | |
| LVRC002 | 75.00 | 76.00 | 1 | 0.03 | LVRC002 | 135.00 | 136.00 | 1 | 0.42 | |
| LVRC002 | 76.00 | 77.00 | 1 | 0.06 | LVRC002 | 136.00 | 137.00 | 1 | 0.34 | |
| LVRC002 | 77.00 | 78.00 | 1 | 0.48 | LVRC002 | 137.00 | 138.00 | 1 | 0.35 | |
| LVRC002 | 78.00 | 79.00 | 1 | 0.49 | LVRC002 | 138.00 | 139.00 | 1 | 0.73 | |
| LVRC002 | 79.00 | 80.00 | 1 | 0.06 | LVRC002 | 139.00 | 140.00 | 1 | 1.14 | |
| LVRC002 | 80.00 | 81.00 | 1 | 0.37 | LVRC002 | 140.00 | 141.00 | 1 | 1.38 | |
| LVRC002 | 81.00 | 82.00 | 1 | 0.2 | LVRC002 | 141.00 | 142.00 | 1 | 1.19 | |
| LVRC002 | 82.00 | 83.00 | 1 | 0.17 | LVRC002 | 142.00 | 143.00 | 1 | 0.74 | |
| LVRC002 | 83.00 | 84.00 | 1 | 0.08 | LVRC002 | 143.00 | 144.00 | 1 | 0.57 | |
| LVRC002 | 84.00 | 85.00 | 1 | 0.04 | LVRC002 | 144.00 | 145.00 | 1 | 0.16 | |
| LVRC002 | 85.00 | 86.00 | 1 | 0.13 | LVRC002 | 145.00 | 146.00 | 1 | 0.07 | |
| LVRC002 | 86.00 | 87.00 | 1 | 0.07 | LVRC002 | 146.00 | 147.00 | 1 | 0.24 | |
| LVRC002 | 87.00 | 88.00 | 1 | 0.21 | LVRC002 | 147.00 | 148.00 | 1 | 0.94 | |
| LVRC002 | 88.00 | 89.00 | 1 | 0.2 | LVRC002 | 148.00 | 149.00 | 1 | 0.42 | |
| LVRC002 | 89.00 | 90.00 | 1 | 0.23 | LVRC002 | 149.00 | 150.00 | 1 | 0.36 | |
| LVRC002 | 90.00 | 91.00 | 1 | 0.06 | LVRC002 | 150.00 | 151.00 | 1 | 0.17 | |
| LVRC002 | 91.00 | 92.00 | 1 | 0.04 | LVRC002 | 151.00 | 152.00 | 1 | 0.1 | |
| LVRC002 | 92.00 | 93.00 | 1 | 0.06 | LVRC002 | 152.00 | 153.00 | 1 | 0.05 | |
| LVRC002 | 93.00 | 94.00 | 1 | 0.04 | LVRC002 | 153.00 | 154.00 | 1 | 0.16 | |
| LVRC002 | 94.00 | 95.00 | 1 | 0.04 | LVRC002 | 154.00 | 155.00 | 1 | 0.03 | |
| LVRC002 | 95.00 | 96.00 | 1 | 0.05 | LVRC002 | 155.00 | 156.00 | 1 | 0.02 | |
| LVRC002 | 96.00 | 97.00 | 1 | 0.33 | LVRC002 | 156.00 | 157.00 | 1 | 0.06 | |
| LVRC002 | 97.00 | 98.00 | 1 | 0.05 | LVRC002 | 157.00 | 158.00 | 1 | 0.03 | |
| LVRC002 | 98.00 | 99.00 | 1 | 0.05 | LVRC002 | 158.00 | 159.00 | 1 | 0.04 | |
| LVRC002 | 99.00 | 100.00 | 1 | 0.23 | LVRC002 | 159.00 | 160.00 | 1 | 0.01 | |
| LVRC002 | 100.00 | 101.00 | 1 | 0.27 | LVRC002 | 160.00 | 161.00 | 1 | <0.01 | |
| LVRC002 | 101.00 | 102.00 | 1 | 0.41 | LVRC002 | 161.00 | 162.00 | 1 | <0.01 | |
| LVRC002 | 102.00 | 103.00 | 1 | 0.1 | LVRC003 | 40.00 | 41.00 | 1 | 0.02 | |
| LVRC002 | 103.00 | 104.00 | 1 | 0.07 | LVRC003 | 41.00 | 42.00 | 1 | 0.02 | |
| LVRC002 | 104.00 | 105.00 | 1 | 0.23 | LVRC003 | 42.00 | 43.00 | 1 | <0.01 | |
| LVRC002 | 105.00 | 106.00 | 1 | 0.07 | LVRC003 | 43.00 | 44.00 | 1 | 0.02 | |
| LVRC002 | 106.00 | 107.00 | 1 | 0.15 | LVRC003 | 44.00 | 45.00 | 1 | <0.01 | |
| LVRC002 | 107.00 | 108.00 | 1 | 0.23 | LVRC003 | 45.00 | 46.00 | 1 | 0.01 | |
| LVRC002 | 108.00 | 109.00 | 1 | 0.17 | LVRC003 | 46.00 | 47.00 | 1 | <0.01 | |
| LVRC002 | 109.00 | 110.00 | 1 | 0.25 | LVRC003 | 47.00 | 48.00 | 1 | <0.01 | |
| LVRC002 | 110.00 | 111.00 | 1 | 0.25 | LVRC003 | 48.00 | 49.00 | 1 | <0.01 | |
| LVRC002 | 111.00 | 112.00 | 1 | 0.89 | LVRC003 | 49.00 | 50.00 | 1 | <0.01 | |
| LVRC002 | 112.00 | 113.00 | 1 | 0.16 | LVRC003 | 50.00 | 51.00 | 1 | <0.01 | |
| LVRC002 | 113.00 | 114.00 | 1 | 0.35 | LVRC003 | 51.00 | 52.00 | 1 | <0.01 | |
| LVRC002 | 114.00 | 115.00 | 1 | 0.18 | LVRC003 | 52.00 | 53.00 | 1 | <0.01 | |
| LVRC002 | 115.00 | 116.00 | 1 | 0.11 | LVRC003 | 53.00 | 54.00 | 1 | <0.01 | |
| LVRC002 | 116.00 | 117.00 | 1 | 0.26 | LVRC003 | 54.00 | 55.00 | 1 | <0.01 | |
| LVRC002 | 117.00 | 118.00 | 1 | 0.05 |
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 8 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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| H o le_Id | D epth F ro m |
D epth T o |
Interval M eters |
A U ppm | H o le_Id | D epth F ro m |
D epth T o | Interval M eters |
A U ppm | |
|---|---|---|---|---|---|---|---|---|---|---|
| LVRC003 | 55.00 | 56.00 | 1 | <0.01 | LVRC003 | 115.00 | 116.00 | 1 | <0.01 | |
| LVRC003 | 56.00 | 57.00 | 1 | <0.01 | LVRC003 | 116.00 | 117.00 | 1 | <0.01 | |
| LVRC003 | 57.00 | 58.00 | 1 | 0.01 | LVRC003 | 117.00 | 118.00 | 1 | 0.42 | |
| LVRC003 | 58.00 | 59.00 | 1 | <0.01 | LVRC003 | 118.00 | 119.00 | 1 | 0.39 | |
| LVRC003 | 59.00 | 60.00 | 1 | <0.01 | LVRC003 | 119.00 | 120.00 | 1 | 0.16 | |
| LVRC003 | 60.00 | 61.00 | 1 | <0.01 | LVRC003 | 120.00 | 121.00 | 1 | 0.94 | |
| LVRC003 | 61.00 | 62.00 | 1 | <0.01 | LVRC003 | 121.00 | 122.00 | 1 | 0.52 | |
| LVRC003 | 62.00 | 63.00 | 1 | <0.01 | LVRC003 | 122.00 | 123.00 | 1 | 0.07 | |
| LVRC003 | 63.00 | 64.00 | 1 | <0.01 | LVRC003 | 123.00 | 124.00 | 1 | 0.09 | |
| LVRC003 | 64.00 | 65.00 | 1 | <0.01 | LVRC003 | 124.00 | 125.00 | 1 | 0.08 | |
| LVRC003 | 65.00 | 66.00 | 1 | <0.01 | LVRC003 | 125.00 | 126.00 | 1 | 0.29 | |
| LVRC003 | 66.00 | 67.00 | 1 | <0.01 | LVRC003 | 126.00 | 127.00 | 1 | 0.05 | |
| LVRC003 | 67.00 | 68.00 | 1 | 0.01 | LVRC003 | 127.00 | 128.00 | 1 | 0.02 | |
| LVRC003 | 68.00 | 69.00 | 1 | <0.01 | LVRC003 | 128.00 | 129.00 | 1 | 0.04 | |
| LVRC003 | 69.00 | 70.00 | 1 | <0.01 | LVRC003 | 129.00 | 130.00 | 1 | 0.06 | |
| LVRC003 | 70.00 | 71.00 | 1 | <0.01 | LVRC003 | 130.00 | 131.00 | 1 | 0.04 | |
| LVRC003 | 71.00 | 72.00 | 1 | <0.01 | LVRC003 | 131.00 | 132.00 | 1 | 0.04 | |
| LVRC003 | 72.00 | 73.00 | 1 | <0.01 | LVRC003 | 132.00 | 133.00 | 1 | 0.02 | |
| LVRC003 | 73.00 | 74.00 | 1 | <0.01 | LVRC003 | 133.00 | 134.00 | 1 | 0.01 | |
| LVRC003 | 74.00 | 75.00 | 1 | <0.01 | LVRC003 | 134.00 | 135.00 | 1 | <0.01 | |
| LVRC003 | 75.00 | 76.00 | 1 | 0.01 | LVRC003 | 135.00 | 136.00 | 1 | 0.02 | |
| LVRC003 | 76.00 | 77.00 | 1 | <0.01 | LVRC003 | 136.00 | 137.00 | 1 | <0.01 | |
| LVRC003 | 77.00 | 78.00 | 1 | <0.01 | LVRC003 | 137.00 | 138.00 | 1 | 0.01 | |
| LVRC003 | 78.00 | 79.00 | 1 | <0.01 | LVRC003 | 138.00 | 139.00 | 1 | <0.01 | |
| LVRC003 | 79.00 | 80.00 | 1 | <0.01 | LVRC003 | 139.00 | 140.00 | 1 | <0.01 | |
| LVRC003 | 80.00 | 81.00 | 1 | <0.01 | LVRC003 | 140.00 | 141.00 | 1 | <0.01 | |
| LVRC003 | 81.00 | 82.00 | 1 | <0.01 | LVRC003 | 141.00 | 142.00 | 1 | 0.22 | |
| LVRC003 | 82.00 | 83.00 | 1 | 0.02 | LVRC003 | 142.00 | 143.00 | 1 | 0.25 | |
| LVRC003 | 83.00 | 84.00 | 1 | <0.01 | LVRC003 | 143.00 | 144.00 | 1 | 0.05 | |
| LVRC003 | 84.00 | 85.00 | 1 | <0.01 | LVRC003 | 144.00 | 145.00 | 1 | 0.05 | |
| LVRC003 | 85.00 | 86.00 | 1 | 0.01 | LVRC003 | 145.00 | 146.00 | 1 | 0.03 | |
| LVRC003 | 86.00 | 87.00 | 1 | <0.01 | LVRC003 | 146.00 | 147.00 | 1 | <0.01 | |
| LVRC003 | 87.00 | 88.00 | 1 | <0.01 | LVRC003 | 147.00 | 148.00 | 1 | 0.01 | |
| LVRC003 | 88.00 | 89.00 | 1 | <0.01 | LVRC003 | 148.00 | 149.00 | 1 | 0.01 | |
| LVRC003 | 89.00 | 90.00 | 1 | <0.01 | LVRC003 | 149.00 | 150.00 | 1 | 0.01 | |
| LVRC003 | 90.00 | 91.00 | 1 | <0.01 | LVRC003 | 150.00 | 151.00 | 1 | <0.01 | |
| LVRC003 | 91.00 | 92.00 | 1 | 0.01 | LVRC003 | 151.00 | 152.00 | 1 | <0.01 | |
| LVRC003 | 92.00 | 93.00 | 1 | <0.01 | LVRC003 | 152.00 | 153.00 | 1 | <0.01 | |
| LVRC003 | 93.00 | 94.00 | 1 | <0.01 | LVRC003 | 153.00 | 154.00 | 1 | <0.01 | |
| LVRC003 | 94.00 | 95.00 | 1 | <0.01 | LVRC003 | 154.00 | 155.00 | 1 | <0.01 | |
| LVRC003 | 95.00 | 96.00 | 1 | <0.01 | LVRC003 | 155.00 | 156.00 | 1 | 0.05 | |
| LVRC003 | 96.00 | 97.00 | 1 | 0.01 | LVRC003 | 156.00 | 157.00 | 1 | 0.05 | |
| LVRC003 | 97.00 | 98.00 | 1 | <0.01 | LVRC003 | 157.00 | 158.00 | 1 | <0.01 | |
| LVRC003 | 98.00 | 99.00 | 1 | 0.01 | LVRC003 | 158.00 | 159.00 | 1 | <0.01 | |
| LVRC003 | 99.00 | 100.00 | 1 | <0.01 | LVRC003 | 159.00 | 160.00 | 1 | 0.02 | |
| LVRC003 | 100.00 | 101.00 | 1 | 0.02 | LVRC003 | 160.00 | 161.00 | 1 | 0.02 | |
| LVRC003 | 101.00 | 102.00 | 1 | 0.02 | LVRC003 | 161.00 | 162.00 | 1 | <0.01 | |
| LVRC003 | 102.00 | 103.00 | 1 | 0.02 | LVRC003 | 162.00 | 163.00 | 1 | <0.01 | |
| LVRC003 | 103.00 | 104.00 | 1 | 0.02 | LVRC003 | 163.00 | 164.00 | 1 | <0.01 | |
| LVRC003 | 104.00 | 105.00 | 1 | 0.02 | LVRC003 | 164.00 | 165.00 | 1 | <0.01 | |
| LVRC003 | 105.00 | 106.00 | 1 | 0.02 | LVRC003 | 165.00 | 166.00 | 1 | 0.01 | |
| LVRC003 | 106.00 | 107.00 | 1 | 0.96 | LVRC003 | 166.00 | 167.00 | 1 | <0.01 | |
| LVRC003 | 107.00 | 108.00 | 1 | 0.07 | LVRC003 | 167.00 | 168.00 | 1 | <0.01 | |
| LVRC003 | 108.00 | 109.00 | 1 | 0.03 | LVRC003 | 168.00 | 169.00 | 1 | <0.01 | |
| LVRC003 | 109.00 | 110.00 | 1 | 0.64 | LVRC003 | 169.00 | 170.00 | 1 | <0.01 | |
| LVRC003 | 110.00 | 111.00 | 1 | 0.09 | LVRC003 | 170.00 | 171.00 | 1 | <0.01 | |
| LVRC003 | 111.00 | 112.00 | 1 | 0.03 | LVRC003 | 171.00 | 172.00 | 1 | 0.01 | |
| LVRC003 | 112.00 | 113.00 | 1 | 0.02 | LVRC003 | 172.00 | 173.00 | 1 | 0.02 | |
| LVRC003 | 113.00 | 114.00 | 1 | <0.01 | LVRC003 | 173.00 | 174.00 | 1 | <0.01 | |
| LVRC003 | 114.00 | 115.00 | 1 | <0.01 | LVRC003 | 174.00 | 175.00 | 1 | 0.03 | |
| LVRC003 | 175.00 | 176.00 | 1 | 0.02 | ||||||
| LVRC003 | 176.00 | 177.00 | 1 | <0.01 | ||||||
| LVRC003 | 177.00 | 178.00 | 1 | 0.02 | ||||||
| LVRC003 | 178.00 | 179.00 | 1 | <0.01 |
T: 61 8 6165 8858
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A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
==> picture [109 x 104] intentionally omitted <==
| H o le_Id | D epth F ro m |
D epth T o |
Interval M eters |
A U ppm |
|---|---|---|---|---|
| LVRC004 | 20.00 | 24.00 | 4 | 0.01 |
| LVRC004 | 24.00 | 28.00 | 4 | <0.01 |
| LVRC004 | 28.00 | 32.00 | 4 | 0.06 |
| LVRC004 | 32.00 | 36.00 | 4 | <0.01 |
| LVRC004 | 36.00 | 40.00 | 4 | 0.01 |
| LVRC004 | 40.00 | 44.00 | 4 | 0.02 |
| LVRC004 | 44.00 | 48.00 | 4 | 0.01 |
| LVRC004 | 48.00 | 52.00 | 4 | <0.01 |
| LVRC004 | 52.00 | 56.00 | 4 | <0.01 |
| LVRC004 | 56.00 | 60.00 | 4 | <0.01 |
| LVRC004 | 60.00 | 64.00 | 4 | <0.01 |
| LVRC004 | 64.00 | 68.00 | 4 | <0.01 |
| LVRC004 | 68.00 | 72.00 | 4 | 0.25 |
| LVRC004 | 72.00 | 76.00 | 4 | 0.09 |
| LVRC004 | 76.00 | 80.00 | 4 | 0.04 |
| LVRC004 | 80.00 | 84.00 | 4 | <0.01 |
| LVRC004 | 84.00 | 88.00 | 4 | 0.01 |
| LVRC004 | 88.00 | 92.00 | 4 | <0.01 |
| LVRC004 | 92.00 | 96.00 | 4 | <0.01 |
| LVRC004 | 96.00 | 100.00 | 4 | <0.01 |
| LVRC004 | 100.00 | 104.00 | 4 | <0.01 |
| LVRC004 | 104.00 | 108.00 | 4 | <0.01 |
| LVRC004 | 108.00 | 110.00 | 2 | <0.01 |
| LVRC005 | 20.00 | 24.00 | 4 | 0.01 |
| LVRC005 | 24.00 | 28.00 | 4 | 0.01 |
| LVRC005 | 28.00 | 32.00 | 4 | <0.01 |
| LVRC005 | 32.00 | 36.00 | 4 | 0.01 |
| LVRC005 | 36.00 | 40.00 | 4 | <0.01 |
| LVRC005 | 40.00 | 44.00 | 4 | <0.01 |
| LVRC005 | 44.00 | 48.00 | 4 | <0.01 |
| LVRC005 | 48.00 | 52.00 | 4 | <0.01 |
| LVRC005 | 52.00 | 56.00 | 4 | 0.01 |
| LVRC005 | 56.00 | 60.00 | 4 | <0.01 |
| LVRC005 | 60.00 | 64.00 | 4 | <0.01 |
| LVRC005 | 64.00 | 68.00 | 4 | 0.02 |
| LVRC005 | 68.00 | 72.00 | 4 | 0.01 |
| LVRC005 | 72.00 | 76.00 | 4 | <0.01 |
| LVRC005 | 76.00 | 80.00 | 4 | 0.04 |
| LVRC005 | 80.00 | 84.00 | 4 | <0.01 |
| LVRC005 | 84.00 | 88.00 | 4 | <0.01 |
| LVRC005 | 88.00 | 92.00 | 4 | <0.01 |
| LVRC005 | 92.00 | 96.00 | 4 | <0.01 |
| LVRC005 | 96.00 | 100.00 | 4 | 0.01 |
| LVRC005 | 100.00 | 104.00 | 4 | <0.01 |
| LVRC005 | 104.00 | 108.00 | 4 | <0.01 |
| LVRC005 | 108.00 | 112.00 | 4 | <0.01 |
| LVRC005 | 112.00 | 116.00 | 4 | 0.02 |
Appendix 2. Drill hole Collar Listing.
| Project | Tenement | Prospect | Hole_Id | Drill_ Type |
MGA_East | MGA_North | MGA_GridID | Depth (m) |
Drill_Azi (Mag North) |
Drill_dip |
|---|---|---|---|---|---|---|---|---|---|---|
| Laverton | E38/3697 | Prendergast | LVRC01 | RC | 453675 | 6810850 | MGA94_51 | 144.00 | 270⁰ | -60 |
| Laverton | E38/3697 | Prendergast | LVRC02 | RC | 453755 | 6810850 | MGA94_51 | 162.00 | 270⁰ | -60 |
| Laverton | E38/3697 | Prendergast | LVRC03 | RC | 453840 | 6810850 | MGA94_51 | 179.00 | 270⁰ | -60 |
| Laverton | E38/3697 | Prendergast | LVRC04 | RC | 453600 | 6810650 | MGA94_51 | 110.00 | 90⁰ | -60 |
| Laverton | E38/3697 | Prendergast | LVRC05 | RC | 453710 | 6810650 | MGA94_51 | 116.00 | 270⁰ | -60 |
T: 61 8 6165 8858
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==> picture [109 x 104] intentionally omitted <==
JORC Code, 2012 Edition – Table 1
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sampling | • | Nature and quality of sampling (eg cut | • | Catalina Resources completed 5 RC |
| techniques | channels, random chips, or specific | holes Laverton over the period 15 July | ||
| specialised industry standard |
2025 to 19 July 2025. | |||
| measurement tools appropriate to the | • | Drill samples were collected by Reverse | ||
| minerals under investigation, such as | Circulation (RC) drilling. Depths for each | |||
| down hole gamma sondes, or handheld | hole drilled are provided in Appendix 2. | |||
| XRF instruments, etc). These examples | • | RC drilling was used to obtain 1m | ||
| should not be taken as limiting the broad | samples using a Meztke Cone Splitter in | |||
| meaning of sampling. | calico bags and weighing 2 to 3 kg each. | |||
| • | Include reference to measures taken to | All samples were delivered to the Bureau | ||
| ensure sample representivity and the | Veritas (BV) Labs in Kalgoorlie. | |||
| appropriate calibration of any |
• | In the lab, each sample was weighed, | ||
| measurement tools or systems used. | sorted and dried and then pulverised to | |||
| • | Aspects of the determination of |
80% passing 75 µ. A 30-gram split was | ||
| mineralisation that are Material to the | obtained for fire assay for the gold | |||
| Public Report. | analysis. | |||
| • | In cases where ‘industry standard’ work | • | After fire assay analysis, samples were | |
| has been done this would be relatively | transported to BV labs in Perth. | |||
| simple (eg ‘reverse circulation drilling | • | In Perth, a total of 47 elements is | ||
| was used to obtain 1 m samples from | reported by the MA102 (mixed acid) | |||
| which 3 kg was pulverised to produce a | analytical technique, including Cu, Pb, | |||
| 30 g charge for fire assay’). In other | Zn, Bi, As, Ag, Ni, Sb and REEs. | |||
| cases, more explanation may be |
• | The samples are considered to |
||
| required, such as where there is coarse | effectively represent the drilling at the | |||
| gold that has inherent sampling |
point of collection. Sampling included | |||
| problems. Unusual commodities or | Catalina Resources standard QAQC | |||
| mineralisation types (eg submarine | procedures. | |||
| nodules) may warrant disclosure of | • | Quality control of the assaying |
||
| detailed information. | comprised the collection of a duplicate | |||
| sample every hole, along with regular | ||||
| insertion of industry (OREAS) standards | ||||
| (certified reference material) and |
||||
| blanks. | ||||
| • | Assay results have been received for all | |||
| holes. MA102 analysis has not been | ||||
| completed. | ||||
| Drilling | • | Drill type (eg core, reverse circulation, | • | Reverse Circulation (RC) drilling was |
| techniques | open-hole hammer, rotary air blast, | performed by Topdrill from Kalgoorlie, | ||
| auger, Bangka, sonic, etc) and details (eg | using a 5.25-inch diameter drill bit with 6 | |||
| core diameter, triple or standard tube, | m length drill rods with automatic rod | |||
| depth of diamond tails, face-sampling bit | handlers. Holes were drilled at an angle | |||
| or other type, whether core is oriented | of -60⁰. | |||
| and if so, by what method, etc). | • | Rig was a track mounted drill rig with | ||
| onboard compressor rated at 1300 | ||||
| cfm/500 psi and a booster compressor. | ||||
| • | RC drilling produces dry rock chips, as | |||
| large air compressors dry the rock out | ||||
| ahead of the advancing drill bit. RC | ||||
| drillingachieves betterpenetration than |
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| RAB or aircore and is more cost effective | ||||||
|---|---|---|---|---|---|---|
| than diamond drilling. | ||||||
| • | Downhole Surveys employed a |
|||||
| downhole Gyro making readings every | ||||||
| 50m. | ||||||
| Drill | sample | • | Method of recording and assessing core | • | Sample recovery was assessed visually | |
| recovery | and chip sample recoveries and results | via the sample size collected into the | ||||
| assessed. | calico bags. Recovery was usually 80- | |||||
| • | Measures taken to maximise sample | 90% but was lower (50%) in wet samples. | ||||
| recovery and ensure representative | • | Ground water caused wet samples | ||||
| nature of the samples. | occasionally, so splitting of the sample | |||||
| • | Whether a relationship exists between | was not possible. | ||||
| sample recovery and grade and whether | • | In ground sumps were dug to collect the | ||||
| sample bias may have occurred due to | excess groundwater expelled by the rig. | |||||
| preferential loss/gain of fine/coarse | • | Catalina Resources does not anticipate | ||||
| material. | any sample bias from loss/gain of | |||||
| material from the drill rig cyclone. | ||||||
| Logging | • | Whether core and chip samples have | • | Geological logging of drill chips was | ||
| been geologically and geotechnically | undertaken. Sample number, carbonate | |||||
| logged to a level of detail to support | content, magnetite content, sulphide | |||||
| appropriate Mineral Resource |
content, lithology, depth, GPS location | |||||
| estimation, mining studies and |
was recorded. No geotechnical logging | |||||
| metallurgical studies. | was possible as the RC drilling method | |||||
| • | Whether logging is qualitative or |
does not allow RQD recording. | ||||
| quantitative in nature. Core (or costean, | • | Geological logging was qualitative at 1m | ||||
| channel, etc) photography. | intervals and was recorded at the sample | |||||
| • | The total length and percentage of the | depth. | ||||
| relevant intersections logged. | • | Representative 1m samples weighing 20 | ||||
| gms were collected and placed into | ||||||
| plastic chip trays for later reference. | ||||||
| • | The recording was done at a level | |||||
| commensurate with the early stage of | ||||||
| exploration. | ||||||
| • | The geological information was recorded | |||||
| by a competent person as recognised by | ||||||
| JORC. | ||||||
| Sub-sampling | • | If core, whether cut or sawn and whether | • | N/A | ||
| techniques | and | quarter, half or all core taken. | • | Dry drill samples were collected at the | ||
| sample | • | If non-core, whether riffled, tube |
drill collar. After passing through the | |||
| preparation | sampled, rotary split, etc and whether | sample hose and into the drill cyclone | ||||
| sampled wet or dry. | the samples pass through a riffle splitter | |||||
| • | For all sample types, the nature, quality | to homogenise the sample and to nullify | ||||
| and appropriateness of the sample | the effects of particulate gold. After | |||||
| preparation technique. | splitting, the sample was collected in a | |||||
| • | Quality control procedures adopted for | calico bag, ready for assaying. | ||||
| all sub-sampling stages to maximise | • | All samples were delivered to the | ||||
| representivity of samples. | Bureau Veritas (BV) Labs in Kalgoorlie for | |||||
| • | Measures taken to ensure that the | drying, crushing, pulverising and assay. | ||||
| sampling is representative of the in situ | • | The samples are considered to |
||||
| material collected, including for |
effectively represent the rock at the | |||||
| instance results for field |
point of collection. Sampling included | |||||
| _duplicate/second-half sampling. _ | Catalina Resources standard QAQC |
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| • | Whether sample sizes are appropriate to | procedures. | |||
|---|---|---|---|---|---|
| the grain size of the material being | • | All samples collected from drilling | |||
| sampled. | weighed between 2 -3 kgms. At the | ||||
| laboratory the sample was split down to | |||||
| a representative sample weighing 30 | |||||
| gms to be assayed. | |||||
| Quality of assay | • | The nature, quality and appropriateness | • | All samples were delivered to the | |
| data | and | of the assaying and laboratory |
Bureau Veritas (BV) Labs in Kalgoorlie | ||
| laboratory tests | procedures used and whether the | for drying, crushing, pulverising and | |||
| technique is considered partial or total. | assay. | ||||
| • | For geophysical tools, spectrometers, | • | Analysis details: BV method FA1 (Fire | ||
| handheld XRF instruments, etc, the | Assay Au) and MA102 (4 acid digestion, | ||||
| parameters used in determining the | other elements). | ||||
| analysis including instrument make and | • | The samples are considered to |
|||
| model, reading times, calibrations |
effectively represent the rock at the | ||||
| factors applied and their derivation, etc. | point of collection. Sampling included | ||||
| • | Nature of quality control procedures | Catalina Resources standard QAQC | |||
| adopted (eg standards, blanks, duplicates, external laboratory checks) |
procedures. | ||||
| and whether acceptable levels of | |||||
| accuracy (ie lack of bias) and precision | |||||
| have been established. | |||||
| Verification | of | • | The verification of significant |
• | Analysis of the accuracy of the above |
| sampling | and | intersections by either independent or | QAQC procedures needs to be within | ||
| assaying | alternative company personnel. | acceptable limits. | |||
| • | The use of twinned holes. | • | N/A | ||
| • | Documentation of primary data, data | • | Sample data was recorded by hand and | ||
| entry procedures, data verification, data | then transferred to a standard Excel | ||||
| storage (physical and electronic) |
spreadsheet on a laptop computer in the | ||||
| protocols. | field. This file was then provided to a | ||||
| • | Discuss any adjustment to assay data. | database administrator. Assay results | |||
| were emailed from BV labs to a Catalina | |||||
| Resources database administrator. | |||||
| Location of | data | • | Accuracy and quality of surveys used to | • | All RC hole coordinates were located by |
| points | locate drill holes (collar and down-hole | a handheld GPS, which are considered | |||
| surveys), trenches, mine workings and | accurate to +/- 5m in the Northing and | ||||
| other locations used in Mineral Resource | Easting. | ||||
| estimation. | • | Drill hole details are in Appendix 1 of this | |||
| • | Specification of the grid system used. | announcement. | |||
| • | Quality and adequacy of topographic | • | The grid system used is MGA94 Zone 51 | ||
| control. | (GDA94). | ||||
| • | Topographic control is maintained using | ||||
| topographic maps. | |||||
| Data spacing and | • | Data spacing for reporting of Exploration | • | Drill holes were sited in a position to | |
| distribution | Results. | intercept the previously identified air | |||
| • | Whether the data spacing and |
core mineralisation, aiming to obtain | |||
| distribution is sufficient to establish the | grade and width information. | ||||
| degree of geological and grade continuity | • | N/A as no resource estimate is made. | |||
| appropriate for the Mineral Resource | |||||
| and Ore Reserve estimation |
|||||
| procedure(s) and classifications |
|||||
| applied. |
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Catalina Resources Limited ACN 130 618 683 ASX: CTN
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==> picture [109 x 104] intentionally omitted <==
| • | Whether sample compositing has been | ||||
|---|---|---|---|---|---|
| applied. | |||||
| Orientation | of | • | Whether the orientation of sampling | • | Appendix 1 tables the MGA coordinates, |
| data in relation | to | achieves unbiased sampling of possible | of each hole. | ||
| geological | structures and the extent to which this is | • | RC drilling is a hammer percussion | ||
| structure | known, considering the deposit type. | technique to shatter the rock and does | |||
| • | If the relationship between the drilling | not allow rock structures to be seen. | |||
| orientation and the orientation of key | • | Drilling is assumed to intersect the | |||
| mineralised structures is considered to | mineralised structures at right angles. | ||||
| have introduced a sampling bias, this | • | Until Catalina determines the orientation | |||
| should be assessed and reported if | of the mineralised structures from | ||||
| material. | diamond drilling (planned), Catalina is | ||||
| uncertain of the geometry of the | |||||
| mineralised structures. | |||||
| Sample security | • | The measures taken to ensure sample | • | Drill samples were placed into calico | |
| security. | bags measuring 14 in x 12 in. They were | ||||
| then placed into larger poly weave bags | |||||
| which were sealed with cable ties before | |||||
| transport to the BV lab in Kalgoorlie. | |||||
| • | A sample submission outlining assay | ||||
| instructions were provided to BV. | |||||
| • | BV maintains the chain of custody once | ||||
| the samples are received at the | |||||
| laboratory, with a full audit trail available | |||||
| via the BV website. | |||||
| Audits or reviews | • | The results of any audits or reviews of | • | At this stage of exploration, no external | |
| sampling techniques and data. | audit or review has been undertaken. |
Section 2 Reporting of Exploration Results
| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| Mineral tenement | Type, reference name/number, location and |
• The Laverton Project is located within | |
| and land tenure | ownership including agreements or material |
E38/3697. | |
| status | issues with third parties such as joint ventures, | • Catalina holds several Exploration |
|
| partnerships, overriding royalties, native title | Licenses in the Laverton area. None are | ||
| interests, historical sites, wilderness | or | contiguous with E38/3697. | |
| national park and environmental settings. | • The project area was culturally surveyed | ||
| The security of the tenure held at the time | of | and cleared in Feb 2023 by the Nyalpa | |
| reporting along with any known impediments | Pirniku People. | ||
| to obtaining a licence to operate in the area. | • There are no registered cultural heritage | ||
| sites within the area. | |||
| • E38/3697 is held 100% by Catalina | |||
| Resources. All tenements are secured by | |||
| the DEMIRS (WA Government). | |||
| • All tenements are granted, in a state of | |||
| good standingand have no impediments. | |||
| Exploration done | Acknowledgment and appraisal |
of | • The area southeast of Laverton has been |
| by other parties | exploration by other parties. | explored by multiple companies resulting | |
| in the discovery of the Granny Smith Gold | |||
| Mine and the Mt Weld REE mine. | |||
| • There have been several phases of Aircore | |||
| and RC drilling within E38/3697. Between |
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 14 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| the Lily Pond Well and Pendergast South | |||
| gold prospects drilling has been |
|||
| conducted by exploration companies | |||
| including: Anglogold Ashanti, Crescent | |||
| Gold, Acacia, Metex Resources, Placer | |||
| Exploration and Sons of Gwalia. | |||
| • Previous drilling programs have been | |||
| primarily of a reconnaissance style | |||
| focused on the Lily Pond Well and | |||
| Pendergast South Well areas. | |||
| • Between these gold prospects along the | |||
| interpreted strike of the Barnicoat Shear | |||
| the drilling has been sparce. | |||
| • A small gold resource was discovered at | |||
| Lily Pond Well (15K ozs) by Sons of Gwalia | |||
| and a supergene gold zone was discovered | |||
| at Pendergast Well. | |||
| Geology | Deposit type, geological setting and style of | • The Laverton Project is in the Laverton | |
| mineralization. | Tectonic Zone, a north-south trending | ||
| structural domain within the Archean | |||
| Yilgarn Craton. | |||
| • The eastern half of the zone comprises | |||
| predominantly of a sedimentary sequence | |||
| with subordinate mafic volcanics and | |||
| felsic intrusives. | |||
| • The Barnicoat Shear Zone trends in a NNW | |||
| direction through the tenement linking the | |||
| Ida H, Lily Pond Well and Pendergast | |||
| prospect areas. | |||
| • There is minor deeply weathered exposure | |||
| in the Lily Pond Well area, but most of the | |||
| tenement is covered by ~15m of |
|||
| transported cover that obscures the | |||
| bedrock geology. | |||
| • A Proterozoic dyke crosscuts the |
|||
| sequence within the tenement in a NNW | |||
| direction and is delineated by a prominent | |||
| magnetic signature. | |||
| • The sequence is also intruded by the | |||
| circular Mt Weld Carbonatite just to the | |||
| south of the tenement that hosts REE | |||
| mineralization. | |||
| Drill | hole | A summary of all information material to the |
• Appendix 2 provides details on the |
| Information | understanding of the exploration results | coordinates and specifications of the | |
| including a tabulation of the following | aircore holes drilled. | ||
| information for all Material drill holes: | • The documentation for drill hole locations | ||
| easting and northing of the drill hole collar | in this announcement are considered | ||
| elevation or RL (Reduced Level – elevation | acceptable. | ||
| above sea level in metres) of the drill hole | • Consequently, the use of any data | ||
| collar | obtained is suitable for presentation and | ||
| dip and azimuth of the hole | analysis. | ||
| down hole length and interception depth | |||
| hole length. |
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 15 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| If the exclusion of this information is justified | • Given the early stage of the exploration | ||
| on the basis that the information is not | programs, the data quality is acceptable | ||
| Material and this exclusion does not detract | for reporting purposes. | ||
| from the understanding of the report, the | • The gold exploration assay results for the | ||
| Competent Person should clearly explain | 1m split samples have been received. | ||
| why this is the case. | • Assay results for the MA102 multi-element | ||
| analysis in Perth are yet to be received. | |||
| • Future drilling programs will be dependent | |||
| on the assays received. | |||
| Data aggregation | In reporting Exploration Results, weighting | • NA. | |
| methods | averaging techniques, maximum and/or | • Mineralized intervals reported in this | |
| minimum grade truncations (eg cutting of | announcement use a cutoff of 0.3 g/t Au. | ||
| high grades) and cut-off grades are usually | • Gold assays for all drilling are reported in | ||
| Material and should be stated. | Appendix 1. | ||
| Where aggregate intercepts incorporate | • Where aggregate intersections are |
||
| short lengths of high- grade results and | reported in figures no more than one | ||
| longer lengths of low- grade results, the | consecutive metre of dilution is used. | ||
| procedure used for such aggregation should | |||
| be stated and some typical examples of such | |||
| aggregations should be shown in detail. | |||
| The assumptions used for any reporting of | |||
| metal equivalent values should be clearly | |||
| stated. | |||
| Relationship | These relationships are particularly |
• NA | |
| between | important in the reporting of Exploration | • The geometry and extent of any |
|
| mineralization | Results. | mineralization and geology will be |
|
| widths | and | If the geometry of the mineralization with | provided upon receipt. |
| intercept lengths | respect to the drill hole angle is known, its | • Mineralization is interpreted to be steeply | |
| nature should be reported. | dipping to the east (see figure 3) and | ||
| If it is not known and only the down hole | drillholes were drilled at 60 degrees to the | ||
| lengths are reported, there should be a clear | west. | ||
| statement to this effect (eg ‘down hole | |||
| _length, true width not known’). _ | |||
| Diagrams | Appropriate maps and sections (with scales) | • Plans of the drill hole locations, cross | |
| and tabulations of intercepts should be | sections showing the assay results are | ||
| included for any significant discovery being | provided in this announcement. Figures 2 | ||
| reported These should include, but not be | and 3. | ||
| limited to a plan view of drill hole collar | |||
| locations and appropriate sectional views. | |||
| Balanced | Where comprehensive reporting of all | • All gold exploration assay results for the | |
| reporting | Exploration Results is not practicable, | 1m split samples have been received. | |
| representative reporting of both low and high | Assay results for the MA102 multi-element | ||
| grades and/or widths should be practiced to | analysis in Perth are yet to be received. | ||
| avoid misleading reporting of Exploration | • Exploration results that may create biased | ||
| Results. | reporting have been omitted from these | ||
| documents. | |||
| • Appendix 2 details aircore drill hole collar | |||
| coordinates and specifications. | |||
| • Appendix 1 tabulates all assays results. |
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 16 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Other substantive | Other exploration data, if meaningful and |
• No additional exploration data has been |
| exploration data | material, should be reported including (but | reported. |
| not limited to): geological observations; | ||
| geophysical survey results; geochemical | ||
| survey results; bulk samples – size and | ||
| method of treatment; metallurgical test | ||
| results; bulk density, groundwater, |
||
| geotechnical and rock characteristics; |
||
| potential deleterious or contaminating |
||
| substances. | ||
| Further work | The nature and scale of planned further work | |
| (eg tests for lateral extensions or depth | • Further drilling in E38/3697 is dependent | |
| extensions or large-scale step-out drilling). | on assessment of the RC assay results for | |
| Diagrams clearly highlighting the areas of | the 1m split samples. | |
| possible extensions, including the main | • The sample assays and analysis of the 1m | |
| geological interpretations and future drilling | splits have improved delineation of the | |
| areas, provided this information is not | gold and REE mineralization. Deeper | |
| commercially sensitive. | drilling will be required to test the | |
| mineralization at depth beneath the | ||
| intersection in hole LVRC02. |
T: 61 8 6165 8858
Catalina Resources Limited ACN 130 618 683 ASX: CTN
Page 17 of 17
catalinaresources.com.au
A : Level 2 / 7 Havelock Street West Perth WA 6005 Australia