CATALINA RESOURCES LTD — Capital/Financing Update 2025

Jan 8, 2025

ASX RELEASE.

ASX Announcement 9 January 2025

Catalina Resources is an Australian diversified mineral exploration and mine development company.

Directors

Executive Chairman and Company Secretary Sanjay Loyalka

Director Richard Beazley

Amendment to ASX Announcement

Catalina Resources Ltd (“Catalina” or “the Company”) advises it has updated the announcement released on 8 January 2025 titled " Reanalysis Upgrades Gold and REE Intersections at Laverton ".

Figures A, B, C and D have been added for sectional views .

Appendix 6, JORC Code, 2012 Edition – Table 1 has been updated to add a row ‘Drilling techniques’ criteria

Director

Michael Busbridge

Director Martin Bennett

The release of this document to the market has been authorised by the Board of Catalina Resources Ltd

ASX Code

CTN

CONTACT DETAILS

Unit 38 18 Stirling Highway NEDLANDS WA 6009

ABOUT CATALINA RESOURCES LTD

Catalina Resources Ltd 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 metals, lithium and iron ore projects and the development of these projects into production.

T +61 8 61181672 E info@catalinaresources.com.au

Catalina Resources Ltd ACN: 130 618 683 W: www.catalinaresources.com.au

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ASX RELEASE

ASX Announcement 9[th] January 2025

Catalina Resources is an Australian diversified mineral exploration and mine development company.

Directors Executive Chairman and

Company Secretary Sanjay Loyalka

Director

Richard Beazley

Director Michael Busbridge

Re-analysis Upgrades Gold and REE Intersections at Laverton

Highlights

• Re-analysis of 1m split samples upgrades aircore drill intersections. Best results include:

• 28m @ 1.09g/t Au from 57m in LVAC049

Includes 1m @ 9.69g/t Au from 61m

9m @ 7,565ppm TREO from 47m in LVAC037

• Large supergene gold anomaly identified on interpreted shear zone

• Follow-up drilling confirms multiple high-grade REE intersections close to Mt. Weld REE Mine

Director

Martin Bennett

ASX Code

CTN

Catalina Resources Ltd (ASX: CTN) (“Catalina” or the “Company”) is pleased to announce results of the re-sampling and analysis of mineralized intervals from the aircore drilling completed at the Laverton Project (E38/3697) in September 2024.

CONTACT DETAILS

Unit 38 18 Stirling Highway NEDLANDS WA 6009

T +61 8 61181672 E info@catalinaresources.com.au

Gold Target Area

The re-sampling and analysis have confirmed the intersections reported by the Company in November 2024. Best assay results from analysis of the 1m splits using a Fire Assay method are as follows:

LVAC049 28m @ 1.09g/t Au from 57

Incls: 1m @ 9.69g/t Au from 61m

This broad intersection of supergene gold mineralization with a high-grade zone of 1m @ 9.69g/t Au (Figure A) is within laterite clay but is interpreted to be located directly above the bedrock source of the gold mineralization. Importantly, hole LVAC012 located 50m to the east intersected altered and veined sediments at bottom of hole indicative of a hydrothermal system (Figure 1).

Catalina Resources Limited ACN: 130 618 683 W: www.catalinaresources.com.au

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Figure 1: Lily Pond South gold prospect drill hole location plan showing best gold intersections from the analysis of the 1m split samples. (1m split sample assay results over 0.1g/t Au have been composited with no more than one consecutive metre of dilution).

The re-sampling confirms the broad supergene gold anomaly within the laterite profile identified by the original 4m composite sampling. Significantly the anomaly has a north-south trend parallel to the interpreted strike of the Barnicoat Shear Zone. The broad gold zone intersected in LVAC049 is at the centre of this anomaly and interpreted to be located directly above the bedrock source of the gold mineralization in fresh rock.

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Figure A

Rare Earth Prospects

Re-sampling and analysis of the 1m split samples using the more accurate peroxide fusion method has upgraded the total rare earth element results (TREO). Best assay results are as follows:

9m @ 7,565ppm TREO from 47m in LVAC037 Incls: 4m @ 13,406ppm (1.34%) TREO from 49m

5m @ 4,880ppm TREO from 63m in LVAC044 Incls: 1m @ 10,689ppm (1.06%) TREO from 66m

The re-sampled and assayed intervals contained multiple anomalous intersections in the range from 1,000ppm to 8,500ppm TREO.

The initial focus of the REE exploration at E38/3697 was on a group of point source magnetic anomalies interpreted to be intrusions, possibly related to the Mt.Weld carbonatite located just 2km south of the tenement boundary (Mt.Weld Mineral Resource: 54.7 Mt @ 5.3% TREO[6] ). Reconnaissance aircore drilling

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completed in February intersected very anomalous REE values associated with some of these magnetic features (Figure 2). For example:

LVAC023 3m @ 6794ppm TREO from 28m[2] Incls: 1m @ 16,426ppm (1.64%) TREO

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Figure 2: September 2024 aircore holes with REE results from 1m split sample analysis. (1m split sample assay results over 1000ppm TREO have been composited with no more than one consecutive metre of dilution).

Aircore drilling on a grid pattern around three of the original holes has now confirmed the presence of highly anomalous REE values in the laterite profile (Figure 2). The most consistently anomalous results were from holes LVAC026-LVAC028 that were following up hole LVAC025. Best results from LVAC026-LVAC028 (Figure B) include:

LVAC026 1m @ 3179ppm TREO from 28m LVAC026 1m @ 2197ppm TREO from 30m LVAC026 4m @ 2237ppm TREO from 35m LVAC027 3m @ 2720ppm TREO from 32m LVAC028 7m @ 2029ppm TREO from 40m (incl 4m @2429ppm TREO)

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Figure B

Unexpectedly, anomalous REE intersections were also returned from the gold target area further south (Figure 3 ). There are no prominent point source magnetic anomalies in this area but the target is closer to the Mt.Weld carbonatite. The high-grade intersection in hole LVAC037 on the southern reconnaissance aircore traverse is particularly significant with a 4m zone with over 10,000ppm TREO (1%).

9m @ 7,565ppm TREO from 47m in LVAC037 Incls: 4m @ 13,406ppm (1.34%) TREO from 49m

Two additional aircore holes, LVAC027 and LVAC044, are also enriched in the highly sought after heavy rare earth elements (HREO):

2m @ 2429ppm HREO from 33m in LVAC027

1m @ 1701ppm HREO from 38m in LVAC046

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Figure 3: Lily Pond South gold prospect drill hole location plan showing best TREO intersections from the re-analysis of the 1m split samples. (1m split sample assay results over 1000ppm TREO have been composited with no more than one consecutive metre of dilution).

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Figure C

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Figure D

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Conclusions & Next Steps

The Company is highly encouraged by the assay results from the follow-up aircore drilling program completed in September, now confirmed with the results from the 1m split re-sampling and analysis detailed in this announcement. The gold intersection of LVAC049 28m @ 1.09g/t Au from 57m includes 1m @ 9.69g/t Au from 61m is considered very significant because it supports the visual observations of veining and alteration logged in bottom of hole samples.

The September drill program in-filled the drill spacing from 100m to 50m to better define the location of the mineralized trend. The broader intersection and higher gold grades suggest that hole LVAC049 is close to the bedrock source of the gold mineralization and will assist with future targeting of drilling.

The Company considers the supergene mineralization intersected in the laterite is indicative of deeper sulphidic gold mineralization in the bedrock that has not been adequately tested previously. Previous drilling has failed to adequately explain the supergene gold mineralization.

Catalina has commenced planning for a program of drilling to test the source of the gold mineralization. The structural and lithological control of the mineralization is not known but it is considered to be caused by a fault splay of the Barnicoat Shear Zone that hosts the Lily Pond, Mon Ami and Ida H gold resources to the north.

REE exploration was targeted around a group of point source magnetic anomalies that were interpreted to be intrusions, possibly related to the Mt. Weld carbonatite. Aircore drilling on a grid pattern has confirmed the presence of high grade REE values in the laterite profile.

High grade REE intersections were also returned from the gold target area further south in the range from 1,000ppm to 8,500ppm TREO. There are no prominent point source magnetic anomalies in this area, but the target is closer to the Mt. Weld carbonatite. The source of the REE mineralization is not known because the basement rocks are deeply weathered. However, the drilling was 100m spaced so intrusive dykes related to Mt. Weld carbonatite may be present.

Catalina has also commenced planning for additional extensional drilling for REE mineralization.

Background

E38/3697 is located within the Laverton Gold Province, an exceptionally well-mineralized terrane in the Eastern Goldfields, Western Australia. The region hosts several world class deposits of gold, nickel, and rare earth elements (REE) including Sunrise Dam (>10Moz Au), Granny Smith (>8Moz Au), Wallaby (>

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8Moz Au), Windara Nickel (combined 85k tonnes of nickel sulphide) and the Mt Weld REE deposit, one of the highest-grade rare-earth deposits in the world (Mineral Resource of 54.7 Mt @ 5.3% TREO). The Mt Weld (REE) operation is only 2 kms to the south and the Granny Smith gold Mine is 8km to the west (Figure 4).

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Figure 4: E38/3697 location plan showing gold, nickel and REE mines

The aircore drilling in February and September 2024 targeted areas along strike from the Lily Pond Well Mineral Resource (340kt @ 1.4 g/t Au[3] ) that is hosted by the north-south trending Barnicoat Shear Zone (Figure 5). The shear zone traverses the southwest corner of E38/3697 and is interpreted to link the Lily Pond Well resource with the Mon Ami (1.56Mt @ 1.1g/t Au[4] ) and Ida H (630kt @ 1.4 g/t Au[5] ) Mineral Resources to the north. In addition, drilling tested REE targets associated with magnetic anomalies.

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Figure 5: Location of September 2024 drill collars (LVAC0026-52) within E38/3697

The aircore drilling program conducted in September 2024 comprising twenty-seven holes for 1,801m (Figure 5, Appendix 1-5) was completed to in-fill and extend the reconnaissance drilling program conducted in March 2024 that intersected encouraging gold and REE values.

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The aircore holes were initially sampled and assayed as 4m composite with results reported on 1[st] November 2024. Mineralised intervals were then selected for re-sampling and analysis using the 1m sample splits taken during the drill program. The 1m splits were assayed using the Fire Assay method for gold and a peroxide fusion digest for the REE. These assay methods are more accurate than the Aqua Regia/ICPMS method used for the 4m composite samples and can result in an upgrade the results.

References

This announcement 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 Mineral Resources and exploration results referred to in this announcement can be found in the following ASX announcements and reports:

• 1Catalina Resources Ltd (ASX: CTN) announcement 1st November 2024: Catalina intersects 44m at 1.01g/t gold at Laverton.

2Catalina Resources Ltd (ASX:CTN) announcement 3rd June 2024: Resampling Upgrades Gold and REE Targets at Laverton.

3 Westaway, J., Lily Pond Well Project: Annual Report for period 1 Jan 1999 to 31 Dec 1999. Sons of Gwalia WAMEX Report 1999 (A60870).

4 Great Southern Mining Ltd (ASX: GSN) announcement, 21st July 2021; Indicated Mineral Resource Mon Ami.

5 Minedex 2003: Ida H Mineral Resource: 630kt @ 1.4 g/t Au.

• 6Duncan R K, Willett G C. 1990. Mt Weld Carbonatite. In Hughes F E (ed). 1990. Geology of the Mineral Deposits of Australia and Papua New Guinea. The Aus IMM. Monograph 14 v1 pp591-597.

Competent Person Statement

The review of historical exploration activities and results contained in this report is based on information compiled by Martin Bennett, a Member of the Australian Institute of Geoscientists (AIG). He is a Director of 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).

Martin Bennett has consented to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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.

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.

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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.

The release of this document to the market has been authorised by the Board of Catalina Resources Ltd.

ASX RELEASE.

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APPENDIX 1

Aircore Drill Hole Coordinates – September 2024

Tenement	Hole ID	Drill Type	MGA East	MGA North	**Inclination **	Azimuth	Elevation	Depth (m)	Hole Diameter	MGA Grid ID
E38/3697	LVAC026	AC	456246	6813200	-90	0	450	43	85mm	MGA 94 Z51
E38/3697	LVAC027	AC	456251	6813093	-90	0	450	44	85mm	MGA 94 Z51
E38/3697	LVAC028	AC	456248	6812002	-90	0	450	63	85mm	MGA 94 Z51
E38/3697	LVAC029	AC	455298	6812550	-90	0	450	67	85mm	MGA 94 Z51
E38/3697	LVAC030	AC	455203	6812451	-90	0	450	69	85mm	MGA 94 Z51
E38/3697	LVAC031	AC	455372	6812345	-90	0	450	24	85mm	MGA 94 Z51
E38/3697	LVAC032	AC	454894	6813004	-90	0	450	58	85mm	MGA 94 Z51
E38/3697	LVAC033	AC	454896	6813206	-90	0	450	60	85mm	MGA 94 Z51
E38/3697	LVAC034	AC	454800	6813099	-90	0	450	54	85mm	MGA 94 Z51
E38/3697	LVAC035	AC	454980	6813099	-90	0	450	63	85mm	MGA 94 Z51
E38/3697	LVAC036	AC	453549	6810677	-60	270	450	75	85mm	MGA 94 Z51
E38/3697	LVAC037	AC	453648	6810649	-60	270	450	66	85mm	MGA 94 Z51
E38/3697	LVAC038	AC	453746	6810649	-60	270	450	81	85mm	MGA 94 Z51
E38/3697	LVAC039	AC	453842	6810651	-60	270	450	79	85mm	MGA 94 Z51
E38/3697	LVAC040	AC	453498	6810755	-60	270	450	84	85mm	MGA 94 Z51
E38/3697	LVAC041	AC	453597	6810756	-60	270	450	78	85mm	MGA 94 Z51
E38/3697	LVAC042	AC	453701	6810751	-60	270	450	90	85mm	MGA 94 Z51
E38/3697	LVAC043	AC	453798	6810750	-60	270	450	93	85mm	MGA 94 Z51
E38/3697	LVAC044	AC	453899	6810750	-60	270	450	90	85mm	MGA 94 Z51
E38/3697	LVAC045	AC	453599	6810960	-60	270	450	75	85mm	MGA 94 Z51
E38/3697	LVAC046	AC	453703	6810952	-60	270	450	49	85mm	MGA 94 Z51
E38/3697	LVAC047	AC	453796	6810948	-60	270	450	51	85mm	MGA 94 Z51
E38/3697	LVAC048	AC	453618	6810859	-60	270	450	87	85mm	MGA 94 Z51
E38/3697	LVAC049	AC	453714	6810850	-60	270	450	93	85mm	MGA 94 Z51
E38/3697	LVAC050	AC	453816	6810852	-60	270	450	96	85mm	MGA 94 Z51
E38/3697	LVAC051	AC	455198	6812344	-90	0	450	15	85mm	MGA 94 Z51
E38/3697	LVAC052	AC	455193	6812552	-90	0	450	54	85mm	MGA 94 Z51

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APPENDIX 2

Summary of Gold Intersections

Fire Assay analysis of 1m split samples

LVAC033 2m @ 0.29g/t Au from 56m LVAC037 1m @ 0.17g/t Au from 65m LVAC038 1m @ 0.21g/t Au from 47m LVAC038 1m @ 0.19g/t Au from 58m LVAC038 1m @ 0.23g/t Au from 60m LVAC038 1m @ 0.11g/t Au from 63m LVAC038 1m @ 0.34g/t Au from 76m LVAC038 1m @ 0.16g/t Au from 78m LVAC039 1m @ 0.16g/t Au from 76m LVAC039 1m @ 0.3g/t Au from 66m LVAC039 2m @ 0.31g/t Au from 72m LVAC041 2m @ 0.45g/t Au from 53m LVAC043 1m @ 0.42g/t Au from 76m LVAC043 3m @ 0.54g/t Au from 78m LVAC047 1m @ 0.2g/t Au from 45m LVAC047 1m @ 0.46g/t Au from 48m LVAC049 4m @ 0.59g/t Au from 46m LVAC049 2m @ 0.24g/t Au from 51m LVAC049 28m @ 1.09g/t Au from 57m Incls. 1m @ 9.69g/t Au from 61m LVAC050 1m @ 0.25g/t Au from 69m LVAC050 2m @ 0.81g/t Au from 71m LVAC050 5m @ 0.69g/t Au from 75m LVAC050 1m @ 0.2g/t Au from 81m

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APPENDIX 3

Summary of TREO Intersections

Peroxide Fusion analysis of 1m split samples

LVAC026 1m @ 3,179ppm TREO from 28m LVAC026 1m @ 2,197ppm TREO from 30m LVAC026 4m @ 2,237ppm TREO from 35m LVAC027 3m @ 2,720ppm TREO from 32m LVAC028 4m @ 2,429ppm TREO from 40m LVAC028 2m @ 2,025ppm TREO from 45m LVAC029 2m @ 2,444ppm TREO from 50m LVAC030 3m @ 4,147ppm TREO from 56m LVAC033 2m @ 1,692ppm TREO from 41m LVAC037 9m @ 7,565ppm TREO from 47m Incls. 4m @ 13,406ppm TREO from 49m LVAC038 10m @ 2,268pm TREO from 36m LVAC041 5m @ 1,817ppm TREO from 35m LVAC041 7m @ 1,523ppm TREO from 41m LVAC042 1m @ 5,593ppm TREO from 59m LVAC043 2m @ 1,294ppm TREO from 75m LVAC044 5m @ 4,880ppm TREO from 63m Incls. 1m @ 10,689ppm TREO from 66m LVAC045 1m @ 8,587ppm TREO from 51m LVAC046 3m @ 2,334ppm TREO from 36m LVAC047 1m @ 2,525ppm TREO from 45m LVAC047 1m @ 1,259ppm TREO from 48m LVAC048 2m @ 1,695ppm TREO from 51m LVAC048 1m @ 1,391ppm TREO from 55m LVAC049 3m @ 3,364ppm TREO from 84m

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APPENDIX 4

Gold Assay Results – Fire Assay analysis of 1m split samples

BHID	SN	From	To	Au ppm
LVAC033	10854	56.00	57.00	0.25
LVAC033	10855	57.00	58.00	0.34
LVAC033	10856	58.00	59.00	0.08
LVAC033	10857	59.00	60.00	-0.01
LVAC037	11113	63.00	64.00	-0.01
LVAC037	11114	64.00	65.00	0.02
LVAC037	11115	65.00	66.00	0.17
LVAC038	11160	44.00	45.00	-0.01
LVAC038	11161	45.00	46.00	-0.01
LVAC038	11162	46.00	47.00	0.08
LVAC038	11163	47.00	48.00	0.21
LVAC038	11164	48.00	49.00	0.02
LVAC038	11165	49.00	50.00	-0.01
LVAC038	11166	50.00	51.00	-0.01
LVAC038	11167	51.00	52.00	-0.01
LVAC038	11172	56.00	57.00	-0.01
LVAC038	11173	57.00	58.00	0.02
LVAC038	11174	58.00	59.00	0.19
LVAC038	11175	59.00	60.00	0.03
LVAC038	11176	60.00	61.00	0.23
LVAC038	11178	62.00	63.00	0.02
LVAC038	11179	63.00	64.00	0.11
LVAC038	11180	64.00	65.00	-0.01
LVAC038	11192	76.00	77.00	0.34
LVAC038	11193	77.00	78.00	0.09
LVAC038	11194	78.00	79.00	0.16
LVAC038	11195	79.00	80.00	0.1
LVAC038	11196	80.00	81.00	0.03
LVAC039	11260	63.00	64.00	-0.01
LVAC039	11261	64.00	65.00	0.01
LVAC039	11262	65.00	66.00	-0.01
LVAC039	11263	66.00	67.00	0.3
LVAC039	11264	67.00	68.00	0.05
LVAC039	11269	72.00	73.00	0.48
LVAC039	11270	73.00	74.00	0.14
LVAC039	11271	74.00	75.00	0.02
LVAC039	11272	75.00	76.00	0.08
LVAC039	11273	76.00	77.00	0.16
LVAC039	11274	77.00	78.00	0.09
LVAC041	11411	52.00	53.00	0.06
LVAC041	11412	53.00	54.00	0.2
LVAC041	11413	54.00	55.00	0.29
LVAC041	11414	55.00	56.00	0.08

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LVAC041	11415	56.00	57.00	0.05
BHID	SN	From	To	Au ppm
LVAC043	11595	68.00	69.00	0.05
LVAC043	11596	69.00	70.00	0.1
LVAC043	11597	70.00	71.00	-0.01
LVAC043	11598	71.00	72.00	0.05
LVAC043	11603	76.00	77.00	0.42
LVAC043	11604	77.00	78.00	0.08
LVAC043	11605	78.00	79.00	0.79
LVAC043	11606	79.00	80.00	0.51
LVAC043	11607	80.00	81.00	0.33
LVAC043	11608	81.00	82.00	0.1
LVAC043	11609	82.00	83.00	0.05
LVAC043	11610	83.00	84.00	0.1
LVAC043	11611	84.00	85.00	0.09
LVAC043	11612	85.00	86.00	0.04
LVAC043	11613	86.00	87.00	0.03
LVAC043	11614	87.00	88.00	0.05
LVAC047	11878	44.00	45.00	-0.01
LVAC047	11879	45.00	46.00	0.2
LVAC047	11880	46.00	47.00	0.07
LVAC047	11881	47.00	48.00	0.02
LVAC047	11882	48.00	49.00	0.46
LVAC047	11883	49.00	50.00	0.02
LVAC047	11884	50.00	51.00	0.05
LVAC049	12016	44.00	45.00	0.07
LVAC049	12017	45.00	46.00	0.02
LVAC049	12018	46.00	47.00	0.39
LVAC049	12019	47.00	48.00	1.23
LVAC049	12020	48.00	49.00	0.49
LVAC049	12021	49.00	50.00	0.25
LVAC049	12022	50.00	51.00	0.07
LVAC049	12023	51.00	52.00	0.38
LVAC049	12024	52.00	53.00	0.11
LVAC049	12025	53.00	54.00	0.04
LVAC049	12026	54.00	55.00	0.05
LVAC049	12027	55.00	56.00	0.09
LVAC049	12028	56.00	57.00	0.03
LVAC049	12029	57.00	58.00	0.36
LVAC049	12030	58.00	59.00	1.35
LVAC049	12031	59.00	60.00	1.16
LVAC049	12032	60.00	61.00	0.31
LVAC049	12033	61.00	62.00	9.69
LVAC049	12034	62.00	63.00	0.87
LVAC049	12035	63.00	64.00	0.37
LVAC049	12036	64.00	65.00	1.85

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BHID	SN	From	To	Au ppm
LVAC049	12037	65.00	66.00	0.12
LVAC049	12038	66.00	67.00	0.14
LVAC049	12039	67.00	68.00	0.21
LVAC049	12040	68.00	69.00	1.63
LVAC049	12041	69.00	70.00	0.15
LVAC049	12042	70.00	71.00	0.83
LVAC049	12043	71.00	72.00	0.24
LVAC049	12044	72.00	73.00	0.26
LVAC049	12045	73.00	74.00	2.37
LVAC049	12046	74.00	75.00	1.89
LVAC049	12047	75.00	76.00	1.58
LVAC049	12048	76.00	77.00	0.44
LVAC049	12049	77.00	78.00	1.18
LVAC049	12050	78.00	79.00	0.45
LVAC049	12051	79.00	80.00	0.62
LVAC049	12052	80.00	81.00	0.87
LVAC049	12053	81.00	82.00	0.28
LVAC049	12054	82.00	83.00	0.28
LVAC049	12055	83.00	84.00	0.75
LVAC049	12056	84.00	85.00	0.2
LVAC049	12057	85.00	86.00	0.02
LVAC049	12058	86.00	87.00	0.01
LVAC049	12059	87.00	88.00	0.04
LVAC050	12133	68.00	69.00	0.1
LVAC050	12134	69.00	70.00	0.25
LVAC050	12135	70.00	71.00	-0.01
LVAC050	12136	71.00	72.00	1.45
LVAC050	12137	72.00	73.00	0.17
LVAC050	12138	73.00	74.00	0.04
LVAC050	12139	74.00	75.00	0.03
LVAC050	12140	75.00	76.00	0.45
LVAC050	12141	76.00	77.00	1.84
LVAC050	12142	77.00	78.00	0.16
LVAC050	12143	78.00	79.00	0.74
LVAC050	12144	79.00	80.00	0.28
LVAC050	12145	80.00	81.00	0.08
LVAC050	12146	81.00	82.00	0.2
LVAC050	12147	82.00	83.00	0.04
LVAC050	12148	83.00	84.00	0.02

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APPENDIX 5

REE Assay Results – Peroxide Fusion analysis of 1m split samples

BHID	SN	**From **	To	Sc₂O₃	Y₂O₃	La₂O₃	**Ce2O3 **	Pr2O3	Nd₂O₃	Sm₂O₃	Eu₂O₃	Gd₂O₃	Tb₂O₃	Dy₂O₃	Ho₂O₃	Er₂O₃	Tm₂O₃	Yb₂O₃	Lu₂O₃	TREO
				ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm
				10	5	0.5	0.5	0.2	0.5	0.5	0.2	2	0.2	0.5	0.2	0.5	0.2	0.5	0.2
				**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	**ICP304 **	ICP304
LVAC026	10458	28	29	61.4	527.1	469.2	976.9	133.4	557.3	110.8	35.4	113.0	15.2	84.4	16.0	41.8	5.0	27.9	4.3	3179
LVAC026	10460	30	31	61.4	158.8	417.6	851.5	102.8	399.9	69.6	19.5	53.0	6.2	31.6	5.0	11.4	1.4	6.8	0.9	2197
LVAC026	10465	35	36	61.4	95.3	299.1	647.7	80.5	323.0	58.6	16.4	46.1	5.1	24.7	3.7	8.0	0.9	4.6	0.7	1676
LVAC026	10466	36	37	61.4	95.3	329.6	739.1	92.9	367.3	67.3	18.1	48.4	5.5	24.7	3.9	8.6	0.9	4.6	0.7	1868
LVAC026	10467	37	38	61.4	196.9	490.3	1040.1	132.2	530.5	96.3	26.4	73.8	8.1	37.9	6.0	13.2	1.4	6.3	0.9	2721
LVAC026	10468	38	39	61.4	152.4	489.1	1049.5	132.2	532.9	96.9	25.9	71.5	8.1	38.5	5.7	12.6	1.4	6.8	0.9	2686
LVAC027	10505	32	33	61.4	336.6	88.0	678.2	43.8	225.0	65.0	22.7	76.1	11.5	68.3	12.4	33.2	4.6	30.2	4.5	1761
LVAC027	10506	33	34	76.7	2794.0	123.2	274.1	38.9	214.5	82.4	40.1	209.8	39.1	298.5	72.0	224.2	28.8	178.8	28.7	4724
LVAC027	10507	34	35	61.4	914.4	55.7	79.6	21.5	120.1	38.9	17.6	85.3	14.3	102.2	23.4	69.8	8.9	54.1	8.4	1676
LVAC028	10557	40	41	92.0	25.4	59.8	825.8	18.7	71.1	13.3	3.9	9.2	1.4	6.9	1.1	2.9	0.5	2.8	0.5	1135
LVAC028	10558	41	42	76.7	222.3	950.1	1745.2	252.8	928.1	167.0	46.8	119.9	14.3	68.9	9.9	21.2	2.5	14.8	2.0	4643
LVAC028	10559	42	43	76.7	190.5	308.5	577.5	114.2	497.9	105.0	31.0	83.0	10.4	51.7	8.0	18.9	2.3	14.8	2.0	2092
LVAC028	10560	43	44	76.7	241.3	307.3	240.1	111.4	507.2	109.0	33.1	94.5	11.7	59.7	9.6	24.0	3.0	18.2	2.3	1849
LVAC028	10562	45	46	61.4	577.9	222.9	228.4	68.8	313.7	70.8	24.8	92.2	13.4	82.7	17.2	48.0	6.2	35.9	5.7	1870
LVAC028	10563	46	47	61.4	958.9	176.0	116.5	53.1	267.0	69.6	27.3	119.9	19.1	126.3	27.3	78.9	10.0	60.4	9.8	2181
LVAC029	10630	50	51	30.7	69.9	388.3	1074.1	104.6	405.8	70.2	18.1	41.5	4.6	20.7	2.8	6.3	0.7	4.0	0.5	2242
LVAC029	10631	51	52	46.0	101.6	524.3	1089.3	132.2	520.0	94.5	25.0	55.3	6.7	29.8	4.1	9.2	1.1	6.8	0.9	2647
LVAC030	10703	56	57	138.1	63.5	418.8	696.9	70.5	230.9	31.9	8.3	20.8	2.5	12.6	2.1	5.7	0.7	4.0	0.5	1708
LVAC030	10704	57	58	168.7	260.4	2510.2	4041.0	404.9	1329.2	171.7	44.7	108.4	12.4	59.7	9.2	22.3	2.5	14.2	1.8	9161
LVAC030	10705	58	59	122.7	63.5	377.7	633.7	65.8	221.5	30.2	8.6	20.8	2.8	13.2	2.1	5.1	0.7	4.0	0.5	1573
LVAC033	10839	41	42	76.7	50.8	758.9	633.7	158.0	509.5	71.9	17.1	36.9	3.9	15.5	2.1	4.0	0.5	2.3	0.2	2342
LVAC033	10840	42	43	122.7	38.1	285.0	236.6	58.3	207.5	34.2	9.0	23.1	2.8	13.2	1.8	4.6	0.7	4.0	0.5	1042
LVAC037	11097	47	48	122.7	146.1	917.3	1417.3	165.0	564.3	83.5	21.8	60.0	7.1	35.0	5.5	13.2	1.6	10.3	1.6	3572
LVAC037	11098	48	49	122.7	127.0	1407.6	2260.6	222.4	694.9	87.0	20.6	50.7	6.0	28.1	4.6	10.9	1.4	8.0	1.1	5054
LVAC037	11099	49	50	107.4	222.3	3108.5	4778.9	483.3	1527.5	178.6	42.2	106.1	11.7	54.5	8.3	19.4	2.3	13.1	1.8	10666
LVAC037	11100	50	51	107.4	215.9	2873.9	4556.4	445.9	1399.2	167.0	40.5	96.9	10.8	51.7	7.8	18.3	2.1	12.0	1.6	10007
LVAC037	11101	51	52	122.7	323.9	4844.5	7695.4	752.5	2297.0	274.9	66.9	159.1	18.0	85.0	12.6	29.2	3.2	19.4	2.5	16707
LVAC037	11102	52	53	122.7	342.9	4703.7	7402.6	718.6	2297.0	268.0	66.2	156.8	17.7	83.8	12.8	29.2	3.4	18.8	2.5	16247
LVAC037	11103	53	54	92.0	133.4	914.9	1475.8	146.3	464.1	56.8	14.6	39.2	4.6	25.3	4.4	11.4	1.4	8.5	1.4	3394
LVAC037	11104	54	55	92.0	88.9	300.3	483.7	49.6	164.4	22.0	5.8	16.1	2.1	13.8	2.5	7.4	0.9	6.3	0.9	1257
LVAC037	11105	55	56	76.7	82.6	287.4	469.7	47.3	153.9	19.7	5.3	16.1	2.1	12.6	2.5	6.9	0.9	5.7	0.9	1190
LVAC038	11152	36	37	107.4	120.7	152.5	514.2	58.7	256.5	51.0	13.9	34.6	4.6	25.8	4.4	12.6	1.6	10.8	1.6	1371
LVAC038	11153	37	38	122.7	228.6	369.5	791.8	113.8	478.1	93.4	25.7	66.9	8.5	44.2	7.6	20.0	2.7	17.7	2.5	2394
LVAC038	11154	38	39	122.7	260.4	150.1	352.6	48.7	221.5	47.0	14.8	46.1	6.9	43.6	8.7	25.7	3.4	22.8	3.2	1378
LVAC038	11155	39	40	122.7	158.8	310.8	622.0	99.9	427.9	82.4	23.9	62.3	7.6	36.7	6.2	16.0	2.1	13.7	1.8	1995
LVAC038	11160	44	45	92.0	209.6	113.8	371.3	38.9	181.9	38.3	12.5	39.2	5.5	31.6	6.4	17.7	2.3	15.4	2.3	1179
LVAC038	11161	45	46	122.7	514.4	454.0	819.9	121.7	502.5	96.9	29.2	87.6	12.0	71.8	14.0	40.6	5.5	35.3	5.2	2933
LVAC038	11162	46	47	107.4	247.7	477.4	839.8	111.4	423.3	71.9	19.9	55.3	6.9	39.6	7.3	20.6	2.7	18.2	2.7	2452
LVAC038	11163	47	48	122.7	203.2	1349.0	2530.0	273.9	980.6	133.4	33.1	76.1	8.7	44.2	7.3	20.0	2.7	18.2	2.7	5806
LVAC038	11164	48	49	92.0	177.8	397.6	727.4	85.7	324.1	51.6	13.7	39.2	5.1	31.6	6.0	18.3	2.5	16.5	2.5	1992
LVAC038	11165	49	50	92.0	184.2	170.1	376.0	40.3	162.1	34.2	10.9	34.6	5.3	32.1	6.4	18.3	2.5	16.5	2.5	1188

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----- Start of picture text -----

BHID SN From To Sc ₂ O ₃ Y ₂ O ₃ La ₂ O ₃ Ce2O3 Pr2O3 Nd ₂ O ₃ Sm ₂ O ₃ Eu ₂ O ₃ Gd ₂ O ₃ Tb ₂ O ₃ Dy ₂ O ₃ Ho ₂ O ₃ Er ₂ O ₃ Tm ₂ O ₃ Yb ₂ O ₃ Lu ₂ O ₃ TREO
ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm
10 5 0.5 0.5 0.2 0.5 0.5 0.2 2 0.2 0.5 0.2 0.5 0.2 0.5 0.2
ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304 ICP304
LVAC041 11394 35 36 138.1 50.8 117.3 426.4 75.1 331.1 52.2 13.2 32.3 3.5 14.9 2.1 5.1 0.7 4.6 0.7 1268
LVAC041 11395 36 37 92.0 63.5 106.2 941.7 49.2 221.5 43.5 11.8 27.7 3.5 16.6 2.5 6.3 0.7 5.1 0.7 1593
LVAC041 11396 37 38 92.0 120.7 139.6 1206.4 62.5 276.3 56.8 16.4 41.5 5.3 27.6 4.4 11.4 1.6 9.7 1.4 2074
LVAC041 11397 38 39 92.0 215.9 470.4 944.1 141.6 577.2 106.7 30.1 83.0 9.4 45.3 7.1 17.7 2.1 12.5 1.6 2757
LVAC041 11398 39 40 76.7 266.7 170.1 315.1 65.3 285.7 57.4 16.2 48.4 6.7 38.5 7.1 20.6 2.5 15.4 2.0 1394
LVAC041 11400 41 42 76.7 298.5 260.4 605.6 92.9 398.8 84.7 24.5 69.2 9.9 54.5 9.6 25.2 3.4 19.9 3.0 2037
LVAC041 11401 42 43 76.7 527.1 195.9 315.1 92.2 420.9 100.3 30.8 89.9 14.3 85.5 16.3 45.2 5.9 37.6 5.2 2059
LVAC041 11402 43 44 76.7 489.0 204.1 352.6 90.1 401.1 94.0 28.5 83.0 13.1 79.2 14.7 41.2 5.5 34.7 4.8 2012
LVAC041 11403 44 45 76.7 215.9 109.1 194.4 47.0 209.9 48.1 15.1 43.8 6.4 37.3 7.1 18.9 2.5 14.8 2.3 1049
LVAC041 11404 45 46 92.0 203.2 124.3 272.9 48.9 216.9 48.7 14.8 43.8 6.4 36.2 6.6 18.9 2.3 14.2 2.0 1152
LVAC041 11405 46 47 92.0 158.8 112.0 393.6 47.5 212.2 44.1 13.4 39.2 5.3 29.8 5.3 14.3 1.8 10.8 1.6 1182
LVAC041 11406 47 48 92.0 368.3 107.3 95.5 46.3 216.9 47.0 16.2 57.7 8.7 52.2 10.5 29.2 3.4 19.4 3.0 1174
LVAC042 11496 59 60 122.7 209.6 1278.6 2424.6 266.8 928.1 139.2 35.7 83.0 9.9 48.8 7.8 20.0 2.5 14.2 1.8 5593
LVAC043 11602 75 76 92.0 196.9 271.0 504.8 58.7 220.4 40.6 12.0 36.9 5.1 28.1 5.5 15.4 2.1 12.0 1.8 1503
LVAC043 11603 76 77 107.4 114.3 201.8 367.8 41.7 153.9 26.1 7.6 23.1 3.0 16.6 3.2 9.2 1.1 8.0 1.1 1086
LVAC044 11683 63 64 92.0 114.3 283.9 453.3 47.7 165.6 26.7 7.6 23.1 3.0 19.5 3.7 11.4 1.6 11.4 1.6 1266
LVAC044 11684 64 65 122.7 215.9 951.3 1569.5 154.5 516.5 73.7 19.9 53.0 7.4 40.8 7.3 20.6 3.0 19.9 2.7 3779
LVAC044 11685 65 66 168.7 755.7 1560.1 2811.1 300.8 1072.7 183.3 57.7 170.6 25.1 146.9 25.4 65.8 8.2 48.4 6.6 7407
LVAC044 11686 66 67 138.1 501.7 2721.4 4603.2 469.3 1574.1 225.0 61.6 163.7 20.0 104.5 17.6 44.6 5.7 34.7 4.5 10690
LVAC044 11687 67 68 92.0 165.1 255.7 427.5 45.6 155.1 24.9 7.4 23.1 3.7 24.1 5.0 14.9 2.1 13.7 1.8 1262
LVAC045 11761 51 52 184.1 596.9 1853.3 2904.8 419.0 1667.4 317.8 91.5 251.4 30.6 145.8 22.0 52.6 6.6 38.7 5.2 8588
LVAC046 11821 36 37 138.1 539.8 228.7 363.1 73.5 330.0 78.3 24.5 78.4 12.4 79.8 16.5 48.0 6.4 41.6 5.9 2065
LVAC046 11822 37 38 92.0 692.2 157.2 262.4 56.2 311.3 92.8 32.9 124.5 17.3 108.5 21.3 58.9 7.8 46.7 6.8 2089
LVAC046 11823 38 39 92.0 1295.4 131.4 267.1 38.2 239.0 109.0 47.5 223.7 29.2 171.1 34.4 91.5 11.0 59.8 9.1 2849
LVAC047 11879 45 46 138.1 88.9 631.1 971.0 121.7 415.1 59.2 15.7 39.2 4.6 21.8 3.4 8.0 0.9 6.3 0.9 2526
LVAC047 11882 48 49 92.0 228.6 153.7 425.2 37.9 151.6 31.3 10.4 34.6 5.5 36.2 7.3 21.2 2.7 18.2 2.7 1259
LVAC048 11936 51 52 122.7 273.1 256.9 378.3 87.1 385.9 79.5 24.1 73.8 10.1 58.0 9.9 25.7 3.4 21.1 2.7 1812
LVAC048 11937 52 53 76.7 336.6 244.0 235.4 80.5 338.1 64.4 19.5 57.7 8.3 50.5 9.9 28.6 3.7 22.8 3.2 1580
LVAC048 11940 55 56 61.4 793.8 72.1 26.9 22.2 104.9 27.8 11.8 62.3 10.6 77.5 18.6 54.9 6.6 34.7 5.2 1391
LVAC049 12056 84 85 122.7 387.4 490.3 1099.9 134.6 550.4 110.2 30.3 83.0 10.8 63.1 12.1 34.9 4.8 31.9 4.8 3171
LVAC049 12057 85 86 138.1 336.6 553.7 1229.9 145.1 579.5 105.6 28.3 76.1 9.7 54.5 10.1 29.7 4.1 27.9 3.9 3333
LVAC049 12058 86 87 122.7 412.8 621.7 1253.3 155.6 618.0 115.4 32.2 87.6 11.7 69.5 12.8 36.0 4.8 31.3 4.3 3590
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APPENDIX 6:

JORC Code, 2012 Edition – Table 1

Criteria	JORC Code Explanation		Commentary
Sampling	Nature and quality of sampling (eg cut	•	Catalina Resources completed 27 aircore
techniques	channels, random chips, or specific		drill holes for 1,801m at its Laverton
	specialised industry standard		Project, near Laverton WA.
	measurement tools appropriate to the	•	Drilling is located within Catalina’s
	minerals under investigation, such as		E38/3697 and was completed in
	down hole gamma sondes, or		September 2024.
	handheld XRF instruments, etc).	•	Sampling of the aircore holes was
	These examples should not be taken		conducted by taking 4m composites
	as limiting the broad meaning of		downhole. A 1m split was also taken
	sampling.		using a splitter for follow up analysis if
	Include reference to measures taken		required.
	to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	• • • • • •	The majority of the 1m and 4m samples taken to a depth of 60m were dry and weighed between 1.0 and 3.0 kg. Below 60m groundwater was commonly intersected causing samples to be wet. 1m sample piles from the cyclone were laid out in orderly rows on the ground. Using a hand-held trowel, 4m composite samples were collected from the 1m piles. This compositing was aimed to reduce assaying costs. 4m composite samples weighed between 1.0 and 1.5kg. 1m split samples mostly weigh between 1.5-2.5kg. Any 4m composite sample that returned an anomalous value was re-assayed using the corresponding 1m split samples that were assayed by Fire Assay for gold
			and peroxide fusion for REEs.
		•	Quality control of the assaying comprised
			the insertion of industry (OREAS)
			standards (certified reference material)
			every 50th sample.
		•	Samples were sent to the Bureau Veritas
			Laboratory in Perth.
		•	Samples will be pulverized so that 75%
			of the sample passes 75µm.
		•	A representative sample of the pulp will
			then be assayed using Fire Assay for
			gold (method FA001) and peroxide
			fusion/ICP(method ICP304).

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Drilling	Drill type (eg core, reverse circulation,	•The drilling contractor was Gyro Drilling
techniques	open-hole hammer, rotary air blast,	from Kalgoorlie. Gyro uses 3m drill rods.
	auger, Bangka, sonic, etc) and details	•Holes were drilled to blade refusal unless
	(eg core diameter, triple or standard	excess water was intersected.
	tube, depth of diamond tails, face-	•Hole diameter was 85mm / 3.5”.
	sampling bit or other type, whether	•Aircore drilling uses a three-bladed steel
	core is oriented and if so, by what	or tungsten drill bit to penetrate the
	method, etc).	weathered layer of loose soil and rock
		fragments. The drill rods are hollow and
		feature an inner tube with an outer barrel
		(like RC drilling).
		•Aircore drilling uses small compressors
		(750 cfm/250 psi) to drill holes into the
		weathered layer of loose soil and
		fragments of rock. Compressed air is
		injected into the space between the inner
		tube and the drill rods inside wall, which
		flushes the cuttings up and out of the drill
		hole through the rod’s inner tube,
		causing less chance of cross-
		contamination.
		•Gyro used an Air 750 CFM / 250 PSI
		Sullair Compressor.
Drill sample	Method of recording and assessing	•Representative aircore samples were
recovery	core and chip sample recoveries and	collected at 1m intervals, with drill chips
	results assessed.	from end of hole placed into chip trays
	Measures taken to maximise sample	and kept for reference at Catalina’s
	recovery and ensure representative	facilities.
	nature of the samples.	•Most samples above 60m were dry and
	Whether a relationship exists between	sample recovery was good. Below 60m
	sample recovery and grade and	samples were commonly wet.
	whether sample bias may have	•Catalina does not anticipate any sample
	occurred due to preferential loss/gain	bias from loss/gain of material from
	of fine/coarsegrained material.	cyclone.
Logging	Whether core and chip samples have	•All aircore samples were lithologically
	been geologically and geotechnically	logged on paper and later transferred to a
	logged to a level of detail to support	digital format using a logging template.
	appropriate Mineral Resource	•Logging is qualitative in nature.
	estimation, mining studies and	•All geological information noted above
	metallurgical studies.	has been completed by a competent
	Whether logging is qualitative or	person as recognized by JORC.
	quantitative in nature. Core (or
	costean, channel, etc.) photography.
	The total length and percentage of the
	relevant intersections logged.
Sub-sampling	If core, whether cut or sawn and	•Aircore sampling was undertaken on 1m
techniques and	whether quarter, half or all core taken.	intervals using splitter.
sample	If non-core, whether riffled, tube	•Most 1m samples above 60m depth were
preparation	sampled, rotary split, etc., and	dry and weighed between 0.5 and 1.5kg.
	whether sampled wet or dry.	•Samples from the cyclone were laid out in
	For all sample types, the nature,	orderly rows on the ground.
	quality and appropriateness of the	•Using a hand-held trowel, 4m composite
	sample preparation technique.	samples were collected from the one-
	Quality control procedures adopted for	metre piles.
	all sub-sampling stages to maximise	•These composite samples weighed
	representivity of samples.	between 1kgand 1.5kg.

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	Measures taken to ensure that the	•For any anomalous 4m composite sample
	sampling is representative of the in-	assays, the corresponding 1m sample
	situ material collected, including for	splits was collected and assayed.
	instance results for field	•Quality control of the assaying comprised
	duplicate/second-half sampling.	the insertion of industry (OREAS)
	Whether sample sizes are appropriate	standards (certified reference material)
	to the grain size of the material being sampled.	every 50th sample. •Samples were sent to Bureau Veritas
		Laboratory in Perth.
		•Samples will be pulverized so that 95% of
		the sample passes 75µm.
		•A representative sample of the pulp will
		be assayed by Fire Assay for gold
		(FA001) and peroxide fusion/ ICP-MS for
		REE(ICP304).
Quality of	The nature, quality and	•All assaying will be completed by Bureau
assay data and	appropriateness of the assaying and	Veritas Laboratory.
laboratory tests	laboratory procedures used and	•4m composite samples were assayed by
	whether the technique is considered	Aqua Regia with ICP-MS, method AR001.
	partial or total.	The detection limit is 1ppb Au and Aqua
	For geophysical tools, spectrometers,	Regia with ICP-MS, method AR102 for
	handheld XRF instruments, etc, the	REE.
	parameters used in determining the	•1m split samples were assayed by Fire
	analysis, including instrument make	Assay for gold (FA001) and peroxide
	and model, reading times, calibrations	fusion/ ICP-MS for REE (ICP304).
	factors applied and their derivation,	•Standards from OREAS were added to
	etc.	the 4m composites every 50th samples.
	Nature of quality control procedures	•The methods used are considered
	adopted (eg standards, blanks,	appropriate for this style of mineralization
	duplicates, external laboratory checks)	expected.
	and whether acceptable levels of	•No density data available.
	accuracy (ie lack of bias) and precision have been established.	•Bureau Veritas routinely re-assay anomalous assays (greater than 0.3 g/t
		Au) as part of their normal QAQC
		procedures.
		•Intervals of the 4m composite samples
		that assay above 0.1g/t Au or 1000ppm
		REE were re-assayed using the 1m split
		samples.
Verification of	The verification of significant	•Verification of significant intersections
sampling and	intersections by either independent or	was undertaken by a second geologist.
assaying	alternative company personnel.	•Validation of 1m assay and 4m composite
	The use of twinned holes.	assay data involves checking of QAQC
	Documentation of primary data, data	standard assays.
	entry procedures, data verification,	•Comparison of assay results between the
	data storage (physical and electronic)	composite samples and the 1m samples
	protocols.	(Fire Assay) have been made when
	Discuss any adjustment to assay data.	available.
		•Data is entered into a logging template on
		a desk topcomputer.
Location of	Accuracy and quality of surveys used	•All aircore drill hole coordinates are in
data points	to locate drill holes (collar and down-	GDA94 Zone 51 (Appendix 1).
	hole surveys), trenches, mine	•All aircore holes were located by
	workings and other locations used in	handheld GPS with an accuracy of +/-
	Mineral Resource estimation.	5m.

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	Specification of the grid system used.	•There is no detailed documentation
	Quality and adequacy of topographic	regarding the accuracy of the topographic
	control.	control.
		•No elevation values (Z) were recorded for
		collars.
		•There were no downhole surveys
		completed because aircore drill holes
		were not drilled deep enough to warrant
		downhole surveying.
Data spacing	Data spacing for reporting of	•Aircore holes were spaced at 100m
and distribution	Exploration Results.	intervals along traverses. Some in-fill
	Whether the data spacing and	holes were drilled at 50m spacing.
	distribution is sufficient to establish the	•Given the first pass nature of the
	degree of geological and grade	exploration programs, the spacing of the
	continuity appropriate for the Mineral	exploration drilling is appropriate for
	Resource and Ore Reserve estimation	understanding the exploration potential
	procedure(s) and classifications	and the identification of structural controls
	applied.	of the mineralization.
	Whether sample compositing has
	been applied.
Orientation of	Whether the orientation of sampling	•The relationship between drill orientation
data in relation	achieves unbiased sampling of	and the mineralized structures is not
to geological	possible structures and the extent to	known at this stage as the prospects are
structure	which this is known, considering the	covered by a ~10m blanket of
	deposit type.	transported cover.
	If the relationship between the drilling	•It is concluded from field observations
	orientation and the orientation of key	that the structures and foliation trends
	mineralized structures is considered to	~160 degrees. Dips are interpreted to be
	have introduced a sampling bias, this	approximately vertical.
	should be assessed and reported if	•Azimuths and dips of aircore drilling were
	material.	aimed to intersect the strike of the rocks
		at right angles.
		•Downhole widths of mineralization are not
		known with assays notyet received.
Sample	The measures taken to ensure sample	•All samples are packaged and managed
security	security.	by Catalina personnel up to and including
		the delivery of all samples to the
		laboratoryin Kalgoorlie or Perth.
Audits or	The results of any audits or reviews of	•No sampling techniques or data have
reviews	sampling techniques and data.	been independently audited.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	Type, reference name/number,	•The Laverton Project is located within
tenement and	location and ownership including	E38/3697.
land tenure	agreements or material issues with	•Catalina holds several Exploration
status	third parties such as joint ventures,	Licenses in the Laverton area. None are
	partnerships, overriding royalties,	contiguous with E38/3697.
	native title interests, historical sites,	•The project area was culturally surveyed
	wilderness or nationalpark and	and cleared.

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Criteria	JORC Code explanation	Commentary
	environmental settings.	•There are no registered cultural heritage
	The security of the tenure held at the	sites within the area.
	time of reporting along with any known	•E38/3697 is held 100% by Catalina
	impediments to obtaining a licence to	Resources. All tenements are secured by
	operate in the area.	the DEMIRS (WA Government).
		•All tenements are granted, in a state of
		good standingand have no impediments.
Exploration	Acknowledgment and appraisal of	•The area southeast of Laverton has been
done by other	exploration by other parties.	explored by multiple companies resulting
parties		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 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 and a supergene gold zone
		was discovered at Pendergast Well.
Geology	Deposit type, geological setting and	•The Laverton Project is located in the
	style of mineralization.	Laverton 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
		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
		the majority 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

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Criteria	JORC Code explanation	Commentary
		mineralization.
Drill hole	A summary of all information material	•Appendix 1 provides details on the
Information	to the understanding of the	coordinates and specifications of the
	exploration results including a	aircore holes drilled.
	tabulation of the following information	•The documentation for drill hole locations
	for all Material drill holes:	in this announcement are considered
	easting and northing of the drill hole	acceptable.
	collar	•Consequently, the use of any data
	elevation or RL (Reduced Level –	obtained is suitable for presentation and
	elevation above sea level in metres)	analysis.
	of the drill hole collar	•Given the early stage of the exploration
	dip and azimuth of the hole	programs, the data quality is acceptable
	down hole length and interception	for reporting purposes.
	depth hole length.	•The exploration assay results for the 4m composites and 1m split samples have
	If the exclusion of this information is	been received.
	justified on the basis that the information is not Material and this exclusion does not detract from the	•Future drilling programs will be dependent on the assays received.
	understanding of the report, the
	Competent Person should clearly
	explain why this is the case.
Data	In reporting Exploration Results,	•NA.
aggregation	weighting averaging techniques,	•Mineralized intervals reported in this
methods	maximum and/or minimum grade	announcement use a cutoff of 100ppb Au
	truncations (eg cutting of high	(0.1g/t Au) and 1000ppm REE unless
	grades) and cut-off grades are	otherwise stated.
	usually Material and should be	•Gold and REE intersections are reported
	stated.	in Appendix 2-3 using weighted averages.
	Where aggregate intercepts	•In Appendix 2-3 no intervals of below
	incorporate short lengths of high-	100ppb Au and 1000ppm REE were used
	grade results and longer lengths of	in aggregation of reported intersections.
	low- grade results, the procedure	•Where aggregate intersections are
	used for such aggregation should be	reported in figures no more than one
	stated and some typical examples of	consecutive metre of dilution is used.
	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	•The geometry and extent of any
mineralization	Exploration Results.	mineralization and geology will be
widths and	If the geometry of the mineralization	provided upon receipt.
intercept	with respect to the drill hole angle is	•Mineralization is interpreted to be steeply
lengths	known, its nature should be reported.	dipping and drillholes were drilled at 60
	If it is not known and only the down	degrees to the west.
	hole lengths are reported, there
	should be a clear statement to this
	effect (eg ‘down hole length, true
	width not known’).

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Criteria	JORC Code explanation		Commentary
Diagrams	Appropriate maps and sections (with	•	Plans of the drill hole locations and
	scales) and tabulations of intercepts		tabulation of the assay results are
	should be included for any significant		provided in this announcement.
	discovery being reported These
	should include, but not be limited to a
	plan view of drill hole collar locations
	and appropriate sectional views.
Balanced	Where comprehensive reporting of all	•	All exploration assay results for the 4m
reporting	Exploration Results is not practicable,		composites and 1m split samples have
	representative reporting of both low		been received.
	and high grades and/or widths should	•	Exploration results that may create
	be practiced to avoid misleading		biased reporting have been omitted from
	reporting of Exploration Results.		these documents.
		•	Appendix 1 details aircore drill hole collar
			coordinates and specifications.
		•	Appendix 4-5 tabulates all assays results
			over 0.1g/t Au and 1000ppm TREO
			without internal dilution.
Other	Other exploration data, if meaningful	•	No additional exploration data has been
substantive	and material, should be reported		reported.
exploration	including (but not limited to):
data	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	•	Further drilling in E38/3697 is dependent
	extensions or depth extensions or		on assessment of the aircore assay
	large-scale step-out drilling).		results for the 4m composite and 1m split
	Diagrams clearly highlighting the		samples.
	areas of possible extensions,	•	The 4m composite sample assays and
	including the main geological		analysis of the 1m splits have improved
	interpretations and future drilling		delineation of the gold and REE
	areas, provided this information is not		mineralization. Deeper RC drilling will be
	commercially sensitive.		required to test the mineralization in fresh
			rock.