CATALINA RESOURCES LTD — Capital/Financing Update 2026

Feb 2, 2026

ASX Announcement 3 February 2026

Breakaway Dam and Evanston Project Updates

HIGHLIGHTS

• ➢ Planning for follow-up drilling program finalised, including approximately 3,000 metres of RC drilling, to test high-priority EM conductors, expand the Central Zone and assess additional targets at Breakaway Dam

• ➢ 2025 drilling and geophysical programs have confirmed Breakaway Dam as a copperrich Volcanogenic Massive Sulphide (VMS) system[1]

• ➢ Previous drilling and DHEM[1] have defined ~700 metres of sulphide-bearing strike, with mineralised horizons averaging ~10 metres estimated true width including:

• 9.2 m @ 0.48% Cu (estimated true width 8.7 m), including higher-grade intervals of 0.95 m @ 1.18% Cu and 1.7 m @ 1.05% Cu (BDCDD2501)

• 1.47 m @ 1.97% Cu and 0.24% Zn (estimated true width 1.4 m) (BDCDD2502)

• 4.2 m @ 0.32% Cu and 0.29% Zn (estimated true width 4.1 m) (BDCDD2504)

• ➢ Multiple strong DHEM conductors identified, including one plate that remained untested, supporting further follow-up drilling

• ➢ Land position expanded at Breakaway Dam, with additional tenements acquired and further applications progressed over prospective ground aligned with the confirmed VMS system

• ➢ Central Yilgarn Drilling Phase 1 assay results from Leghorn confirms the mafic host sequence, mineralisation orientation with results including:

• 1m @ 2.93 g/t Au from 159m (end of hole) (25EVRC009)

• o 2m @ 1.01 g/t Au from 161m in (25EVRC007)

Catalina Resources Limited (“Catalina” or “the Company”) is pleased to report it has developed the next stage of exploration at its Breakaway Dam Project, following confirmation that the system represents a copper-rich Volcanogenic Massive Sulphide (VMS) system, located approximately 17 km east of Menzies in Western Australia (figure 1).

The forward exploration program has been advanced as a priority following the outcomes, conclusions and recommendations of the recently completed 2025 drilling and geophysical campaign, which confirmed Breakaway Dam as a well-developed VMS system with demonstrated scale and multiple untested targets.

Executive Director, Ross Cotton, commented:

“The discovery of a VMS system at our newly acquired Breakaway Dam Project is critically important to our exploration strategy, as it indicates the potential presence of high-value, high-grade, multicommodity ore deposits.

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We have a clear pathway to guide further works at this highly prospective asset. This is bolstered by Board expertise and past success in leading the discovery, development and operation of a prolific copper-gold operation in Western Australia, putting Catalina in good stead to capitalise on this emerging opportunity."

==> picture [322 x 322] intentionally omitted <==

Figure 1. Breakaway Dam Regional Location

SUMMARY OF RECENT DRILLING RESULTS[1]

Recent drilling[1] confirms a classic VMS architecture at Breakaway Dam, characterised by:

• ➢ Sulphide mineralisation intersected over approximately 700 metres of strike, with mineralised horizons averaging ~10 metres estimated true width

• ➢ Copper-dominant sulphide mineralisation, with individual intervals returning grades of up to ~2% Cu, noting that peak grades and widths do not coincide

• ➢ Clear metal zoning, with copper- and zinc-rich sulphides developed above basaltic host rocks and associated footwall stringer zones

• ➢ Multiple strong DHEM conductors, including one that remains only partially tested

• ➢ A structural and metamorphic overprint that has compressed the original massive sulphide horizons

Drilling intersected copper- and zinc-bearing sulphide mineralisation across multiple holes, with intervals ranging from narrow high-grade lenses to broader zones of moderate-grade mineralisation. Significant intersections included:

• ➢ 9.2 m @ 0.48% Cu (estimated true width 8.7 m), including higher-grade intervals of 0.95 m @ 1.18% Cu and 1.7 m @ 1.05% Cu (BDCDD2501)

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• ➢ 1.47 m @ 1.97% Cu and 0.24% Zn (estimated true width 1.4 m) (BDCDD2502)

• ➢ 4.2 m @ 0.32% Cu and 0.29% Zn (estimated true width 4.1 m) (BDCDD2504)

Two of the most VMS-anomalous drill holes occur approximately 500 metres and a further 700 metres northwest along strike, within an area that remains extremely lightly drilled based on available historical datasets.

This sparse distribution highlights potential for additional sulphide development outside the currently defined central zone and has been incorporated into forward targeting considerations.

Collectively, these intersections, when integrated with DHEM responses, support the interpretation of a zoned VMS system with both disseminated and more massive sulphide components, and provide a clear technical basis for prioritising follow-up drilling on untested conductors and along strike.

Next Phase Exploration Program

Catalina has now finalised a structured follow-up exploration program aimed at testing the most prospective components of the system while continuing to expand the known footprint.

Catalina is actively engaging drilling contractors, with the intention to commence drilling immediately upon securing rigs. The program will proceed under existing PoW approvals, and heritage clearances have already been completed.

Key elements of the next phase include:

• ➢ Targeted drilling of untested high-conductance EM plates proximal to BDCDD2503 (figure 2), prioritising the strongest and least tested conductors

• ➢ ~2,000 metres of systematic RC drilling across the BDC Central Zone (figure 2) to assess grade continuity beyond current EM-defined targets

• ➢ Approximately ~1,000 metres of RC drilling and follow-up DHEM to evaluate potential mineralisation beneath shallow historical drilling within the broader project area

• ➢ First-pass drilling of an additional target where coincident geochemical anomalies and magnetic lows are interpreted as indicative of a potential feeder position

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==> picture [380 x 380] intentionally omitted <==

Figure 2. Plan view of BDC Central Zone target drill area and previous drill holes and associated results[1] .

This next phase of drilling is designed to systematically test the highest-priority conductors and geological positions identified to date, while continuing to evaluate the scale and continuity of mineralisation across the Breakaway Dam system.

Results from this program will be used to refine the Company’s geological model, prioritise follow-up targets and inform subsequent exploration activities. Catalina will provide further updates as drilling commences and results become available.

TENEMENT CONSOLIDATION AND LAND POSITION

In parallel with advancing exploration at Breakaway Dam, Catalina is progressing applications for additional Exploration Licences over unpegged ground adjacent to the existing tenure, with the objective of securing a coherent and contiguous land position across this prospective structural corridor.

These are considered complementary to E29/1037 and are interpreted to cover prospective stratigraphic and structural positions consistent with the geological architecture observed at Breakaway Dam.

This tenement consolidation strategy is intended to provide Catalina with the flexibility to systematically evaluate the broader mineral system, efficiently follow up exploration results, and support the continued advancement of the Breakaway Dam Project.

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PHASE 1 RC DRILLING RESULTS – CENTRAL YILGARN PROJECT

LEGHORN PROSPECT, EVANSTON PROJECT

Catalina is also pleased to provide an update on results from the Phase 1 RC drilling program at the Leghorn Prospect, part of the Evanston Project within the Central Yilgarn Gold District of Western Australia.

These results form part of an ongoing Phase 1 drilling campaign totalling ~10,000m of RC and Aircore drilling across the Central Yilgarn Project[2] , with drilling and assay results from multiple targets still pending.

The Phase 1 program was undertaken prior to the Christmas period and formed the initial focus of Catalina’s broader Central Yilgarn drilling campaign. Drilling was designed to follow up and test the continuity of previously reported anomalous gold mineralisation intersected in historic drilling.

Executive Director, Ross Cotton, commented:

“The Leghorn results provide useful confirmation of the geological and structural model we set out to test, particularly in relation to host lithology and mineralisation orientation. While Leghorn represents only one component of the broader Central Yilgarn program, the information gained is being incorporated into ongoing targeting as Phase 1 drilling continues across Evanston and Yerilgee, with further results pending.”

Drilling Summary – Leghorn Prospect

Results reported here relate specifically to drilling completed at the Leghorn Prospect, one of several targets included within the Phase 1 program.

The Phase 1 RC drilling program at the Leghorn Prospect comprised 8 RC drill holes for a total of 1,521 metres. Drilling targeted along-strike extensions of gold mineralisation intersected in earlier drilling, including broad zones of anomalous mineralisation reported in historic drill hole BARRC007 which provide previous results of:

• ➢ 48m @ 0.6g/t Au (incl. 21m @ 1.3g/t Au) and 3m @2.28g/t Au (BARRC007)[3]

Geological Observations and Results

Drilling intersected a mafic stratigraphic sequence comprising basalt, amphibolite, and mafic schists, consistent with the geological interpretation previously reported for the Evanston Project.

Gold mineralisation is interpreted to be hosted within this mafic sequence and to dip approximately 40 degrees to the east, providing confidence in the orientation of the mineralised system and informing future drill design.

Drilling along strike has confirmed the interpreted mineralisation model, with intersections including:

• 1m @ 2.93 g/t Au from 159m ( end of hole ) in 25EVRC009

• 2m @ 1.01 g/t Au from 161m in 25EVRC007

These results confirm continuity of gold mineralisation along strike and at depth and support the interpretation of a coherent mineralised system at the Leghorn Prospect.

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Significant Intersections (>0.5g/t Au) and Interpretation

Hole Id	Depth From(m)	Depth To (m)	Width (m)	Gold (g/t)	Significant intersection
25EVRC001	183	184	1	1.29	1m@1.29g/t Au from 183m
25EVRC007	161	163	2	1.01	2m@1.01g/t Au from 161m
25EVRC009	159	160	1	2.93	1m@2.93g/t Au from 159m
25EVRC010	20	21	1	1.3	1m@1.3g/t Au from 20m
25EVRC011	60	61	1	0.66	1m@0.66g/t Au from 60m
25EVRC011	81	82	1	0.94	1m@0.94g/t Au from 81m
25EVRC011	130	131	1	0.71	1m@0.71g/t Au from 130m
25EVRC012	8	9	1	0.56	1m@0.56g/t Au from 8m

The interpreted mineralised zone is developed within a mafic stratigraphic sequence and exhibits continuity along strike, consistent with the geological model tested during the Phase 1 drilling program. Drill hole locations, significant gold intersections, and projected mineralised trends are shown to provide spatial context for reported results.

This interpretation provides a framework for refining follow-up drill targeting and assessing the broader potential of the Leghorn Prospect within the Evanston Project area.

==> picture [249 x 248] intentionally omitted <==

Figure 5. View of the Leghorn Prospect illustrating the interpreted extent and orientation of gold mineralisation based on Phase 1 RC drilling, historical drilling data, and current geological interpretation

Representative RC Rock Chip Images

Rock chip observations, supported by geological logging, indicate that gold mineralisation is predominantly hosted within amphibolite and biotite schist units. The images are not indicative of grade, tenor, or continuity of mineralisation, but assist in demonstrating the geological setting, alteration styles, and structural characteristics relevant to ongoing interpretation and follow-up targeting.

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Hole Id	Figure	Depth From (m)	Depth To(m)	Gold (g/t)	Geological observations
	Number
25EVRC001	6	183	184	1.29	Amphibolite with blebby pyrite localised within quartz veins and silica replacement
25EVRC007	7	161	163	1.01	Heavily silica altered amphibolite
25EVRC009	8	159	160	2.93	Amphibolite-biotite schist zone

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Figure 6. Representative RC rock chip samples from drill hole 25EVRC001 (183–184 m), Leghorn Prospect

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Figure 7. Representative RC rock chip samples from drill hole 25EVRC007 (161–163 m), Leghorn Prospect

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Figure 8. Representative RC rock chip samples from drill hole 25EVRC009 (159–160 m), Leghorn Prospect

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Ongoing Phase 1 Drilling and Assay Status

Phase 1 drilling of approximately ~10,000 metres of combined AC and RC drilling is continuing across the Evanston and Yerilgee Projects, with multiple target zones tested as part of the current campaign.

Assay results from all other Phase 1 target areas are currently pending, with samples submitted to the laboratory. These results will be reported progressively as they are received, validated, and interpreted.

Catalina considers the Leghorn results to represent one component of a broader, active exploration program, with further updates expected as the Phase 1 campaign continues.

Contacts

Investors / Shareholders

Ross Cotton Executive Director T: +61 (0)8 6165 8858

REFERENCES (ASX)

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. Refer CTN ASX announcement 20 January 2026 Drilling-Confirms-Breakaway-Dam-as-aCopperRich-VMS-System.pdf

2. Refer CTN ASX announcement 1 December 2025 Phase-1-Drilling-at-Evanston-Underway.pdf

3. Refer CTN ASX announcement 11 December 2025 Acquisition of Central Yilgarn

4. Refer FRS ASX announcement 18 November 2025 Drilling Completed at Breakaway Dam VMS Prospect

COMPETENT PERSONS STATEMENT

Newly reported information in this announcement that relates to exploration activities within the Yilgarn Project is based on information compiled by Dr Nishka Piechocka, PhD, Vice President of the Australian Institute of Geoscientists (AIG) and a full-time employee of Catalina Resources Limited. Dr Piechocka has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 (JORC Code). Dr Piechocka consents to the inclusion in the report of the matters based on her 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

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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. These statements can be identified by the use of words like “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words or expressions containing same. These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or uncertainties associated with the acquisition and divestment of projects (including risks associated with completing due diligence and, if favourable results are obtained, proceeding with the acquisition of the Beasley Creek Project), joint venture and other contractual risks, metal prices, exploration, development and operating risks, competition, production risks, sovereign risks, regulatory risks including environmental regulation and liability and potential title disputes, availability and terms of capital and general economic and business conditions.

Given these uncertainties, no one should place undue reliance on any forward-looking statements attributable to the Company, or any of its affiliates or persons acting on its behalf. Subject to any continuing obligations under applicable law the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in this announcement to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based.

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.

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APPENDIX 1: DRILLHOLE SPECIFICATIONS

Hole Id	Type	Easting (GDA94z51)	Northing (GDA94z51)	Elevation (m)	Dip (⁰)	Azi (⁰)	Actual Depth (m)
25EVRC001	RC	181276	6721029	446	-61	267	250
25EVRC006	RC	181132	6721028	443	-62	266	154
25EVRC007	RC	181081	6721029	441	-60	270	323
25EVRC008	RC	181175	6720830	442	-60	270	154
25EVRC009	RC	181250	6720830	442	-60	270	160
25EVRC010	RC	181069	6721138	442	-60	270	172
25EVRC011	RC	181144	6721140	446	-60	270	154
25EVRC012	RC	181219	6721141	449	-60	270	154

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APPENDIX 2: JORC CODE, 2012 EDITION - TABLE 1

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

	Criteria	JORC Code explanation	Commentary
		• Nature and quality of sampling (eg cut
	Sampling	channels, random chips, or specific	Catalina Resources completed 8 RC holes
	techniques	specialised industry standard	for 1521 m at the Central Yilgarn project
		measurement tools appropriate to the	over the period 1st to 19th December 2025.
		minerals under investigation, such as down
		hole gamma sondes, or handheld XRF	Drilling was supervised and samples
		instruments, etc). These examples should	collected by geologists from Apex
		not be taken as limiting the broad meaning	Geoscience which is an independent
		of sampling.	geological consultancy.
		• Include reference to measures taken to
		ensure sample representivity and the	Drill samples were collected by Reverse
		appropriate calibration of any	Circulation (RC) drilling. Drill hole details
		measurement tools or systems used.	are provided in Appendix 1.
		• Aspects of the determination of
		mineralization that are Material to the	RC drilling was used to obtain 1m samples
		Public Report.	using a Sandvik Static Cone Splitter in calico
		• In cases where ‘industry standard’ work	bags and weighing 2 to 3 kg each. Samples
		has been done this would be relatively	were delivered to the ALS Lab in Kalgoorlie
		simple (eg ‘reverse circulation drilling was	(for photon assay).
		used to obtain 1 m samples from which 3
		kg was pulverised to produce a 30 g charge	The samples were analysed using the
		for fire assay’). In other cases more	photon assay method which uses a 0.5kg
		explanation may be required, such as	sample and requires minimal handling. The
		where there is coarse gold that has	samples are riffle split at the lab and
		inherent sampling problems. Unusual	crushed to 80% passing 2mm to ensure
		commodities or mineralization types (eg	homogeneity as uniform sample distribution
		submarine nodules) may warrant	is important to a quality analysis.
		disclosure of detailed information.
			The samples are considered to effectively
			represent the drilling at the point of
			collection. Sampling included Catalina
			Resources standard QAQC procedures.
			Quality control of the assaying comprised
			the collection of a duplicate samples every
			hole, along with regular insertion of industry
			(Geostats) standards (certified reference
			material) and (certified reference material)
			and blanks.
		• Drill type (eg core, reverse circulation,
	Drilling	open-hole hammer, rotary air blast, auger,	Reverse Circulation (RC) drilling was
	techniques	Bangka, sonic, etc) and details (eg core	performed by McKay Drilling from Perth,
		diametre, triple or standard tube, depth of	using a 5.25-inch diameter drill bit with 6 m

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Criteria	JORC Code explanation	Commentary
	diamond tails, face-sampling bit or other	length drill rods with automatic rod handlers.
	type, whether core is oriented and if so, by	Holes were drilled at an angle of -60⁰.
	what method, etc).
		An 8x8-mounted Schramm 685 RC drill rig,
		supported by a Mercedes 8x8 booster truck, a
		Sullair 900/1150 auxiliary compressor and a
		Hurricane 1000-psi booster, was used to
		complete the drilling program.
		RC drilling produces dry rock chips, as large
		capacity air compressors dry the rock out
		ahead of the advancing drill bit.
		Downhole Surveys employed a downhole
		Gyro making readings every 5m.
	• Method of recording and assessing core
Drill sample	and chip sample recoveries and results	Sample recovery was assessed visually via
recovery	assessed.	the sample size collected into the calico
	• Measures taken to maximise sample	bags. Where sample recovery was low due to
	recovery and ensure representative nature	wet samples material was scooped from the
	of the samples.	spoil pile.
	• Whether a relationship exists between
	sample recovery and grade and whether	Sample recovery and condition was noted for
	sample bias may have occurred due to	every metre.
	preferential loss/gain of fine/coarse
	material.	Ground water caused wet samples
		occasionally, so splitting of the sample was
		not possible.
		In ground sumps were dug prior to drilling
		commencing, to collect the excess
		groundwater expelled by the rig.
		Catalina Resources does not anticipate any
		sample bias from loss/gain of material from
		the drill rig cyclone.
	• Whether core and chip samples have been	RC drill holes were logged for various
Logging	geologically and geotechnically logged to a	geological attributes, including colour,
	level of detail to support appropriate	lithology, oxidation, alteration, mineralisation
	Mineral Resource estimation, mining	and veining. All holes were logged in full by
	studies and metallurgical studies.	geologists from Apex Geoscience.
	• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the	No geotechnical logging was possible as the RC drilling method does not allow RQD recording.
	relevant intersections logged.	Geological logging was qualitative at 1m
		intervals and was recorded at the sample
		depth.
		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.

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Criteria	JORC Code explanation	Commentary
	• If core, whether cut or sawn and whether
Sub-	quarter, half or all core taken.	N/A
sampling	• If non-core, whether riffled, tube sampled,
techniques	rotary split, etc and whether sampled wet	Dry and wet drill samples were collected at the
and sample	or dry.	drill collar. After passing through the sample
preparation	• For all sample types, the nature, quality	hose and into the drill cyclone the samples
	and appropriateness of the sample	pass through a riffle splitter to homogenise the
	preparation technique.	sample and to nullify the effects of particulate
	• Quality control procedures adopted for all	gold. After splitting, the sample was collected
	sub-sampling stages to maximise	in a calico bag, ready for assaying.
	representivity of samples.
	• Measures taken to ensure that the	The samples are considered to effectively
	sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled.	represent the rock at the point of collection. Sampling included Catalina Resources standard QAQC procedures. Quality Control on the RC drill rig included insertion of duplicate samples to test lab repeatability, insertion of standards to verify lab assay accuracy and cleaning and inspection of sample assembly. A standard or duplicate was
		inserted every 20th to 25th sample.
		The sample sizes and analysis size are
		considered appropriate to correctly represent
		the mineralisation based on the style of
		mineralisation, sampling methodology and
		assay value ranges for the commodities of
		interest.
	• The nature, quality and appropriateness of
Quality of	the assaying and laboratory procedures	All samples were delivered to the ALS Labs in
assay data	used and whether the technique is	Kalgoorlie for Photon Assay. Photon assay
and	considered partial or total.	method has shown to provide quick turn
laboratory	• For geophysical tools, spectrometers,	around times and high accuracy.
tests	handheld XRF instruments, etc, the
	parameters used in determining the	The assay method and laboratory procedures
	analysis including instrument make and	were appropriate for this style of
	model, reading times, calibrations factors	mineralisation. The fire assay technique for the
	applied and their derivation, etc.	RC chips were designed to return precise
	• Nature of quality control procedures	precious metal recoveries.
	adopted (eg standards, blanks, duplicates,
	external laboratory checks) and whether	The ALS lab inserts its own standards and
	acceptable levels of accuracy (ie lack of	blanks at set frequencies and monitors the
	bias) and precision have been established.	precision of the analyses. As well, the lab
		performs repeat analyses at random intervals,
		which return acceptably similar values to the
		original samples.
		Laboratory procedures are within industry
		standards and are appropriate for the
		commodities of interest.
		Industry certified Geostats standards were
		inserted in the RC chipsample stream every25

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Criteria	JORC Code explanation	Commentary
		samples, and field duplicates were collected
		every 20 samples.
		The samples are considered to effectively
		represent the rock at the point of collection.
		Sampling included Catalina Resources
		standard QAQC procedures.
	• The verification of significant intersections
Verification	by either independent or alternative	Consultant geologists, from Apex Geoscience,
of sampling	company personnel.	were involved in the logging of the RC drilling.
and assaying	• The use of twinned holes.	Apex was involved in the whole process
	• Documentation of primary data, data entry	including drill hole supervision, chip sample
	procedures, data verification, data storage	collection and importing of the completed
	(physical and electronic) protocols.	assay results. Drill hole logs were inspected to
	• Discuss any adjustment to assay data.	verify the correlation of mineralized zones
		between assay results and
		lithology/alteration/mineralisation. The entire
		chain of custody of this recent drilling was
		supervised by Apex Geoscience.
		The drill hole data was logged in a locked excel
		logging template and then stored in a
		Micromine database structure for long term
		storage and validation.
		Data was reported by the laboratory and no
		adjustment of data was undertaken.
		All assay results were verified by alternative
		company personnel and the Qualified Person
		before release.
		Analysis of the accuracy of the above QAQC
		procedures needs to be within acceptable
		limits.
	• Accuracy and quality of surveys used to
Location of	locate drill holes (collar and down-hole	RC drill hole locations were picked up using a
data points	surveys), trenches, mine workings and	handheld Garmin GPS, considered to be
	other locations used in Mineral Resource	accurate to ± 5 m.
	estimation.
	• Specification of the grid system used.	Downhole surveys have been completed at 5
	• Quality and adequacy of topographic	m stations (and start and end of hole) using a
	control.	downhole gyroscopic survey tool.
		All coordinates were recorded in MGA Zone
		51 datum GDA94.
		Topographic control is provided by a Digital
		Terrain Model based on the 90 m Shuttle
		Radar Topographic Mission data.
		Drill hole details are in Appendix 1 of this
		announcement.

Criteria	JORC Code explanation	Commentary
		samples, and field duplicates were collected
		every 20 samples.
		The samples are considered to effectively
		represent the rock at the point of collection.
		Sampling included Catalina Resources
		standard QAQC procedures.
	• The verification of significant intersections
Verification	by either independent or alternative	Consultant geologists, from Apex Geoscience,
of sampling	company personnel.	were involved in the logging of the RC drilling.
and assaying	• The use of twinned holes.	Apex was involved in the whole process
	• Documentation of primary data, data entry	including drill hole supervision, chip sample
	procedures, data verification, data storage	collection and importing of the completed
	(physical and electronic) protocols.	assay results. Drill hole logs were inspected to
	• Discuss any adjustment to assay data.	verify the correlation of mineralized zones
		between assay results and
		lithology/alteration/mineralisation. The entire
		chain of custody of this recent drilling was
		supervised by Apex Geoscience.
		The drill hole data was logged in a locked excel
		logging template and then stored in a
		Micromine database structure for long term
		storage and validation.
		Data was reported by the laboratory and no
		adjustment of data was undertaken.
		All assay results were verified by alternative
		company personnel and the Qualified Person
		before release.
		Analysis of the accuracy of the above QAQC
		procedures needs to be within acceptable
		limits.
	• Accuracy and quality of surveys used to
Location of	locate drill holes (collar and down-hole	RC drill hole locations were picked up using a
data points	surveys), trenches, mine workings and	handheld Garmin GPS, considered to be
	other locations used in Mineral Resource	accurate to ± 5 m.
	estimation.
	• Specification of the grid system used.	Downhole surveys have been completed at 5
	• Quality and adequacy of topographic	m stations (and start and end of hole) using a
	control.	downhole gyroscopic survey tool.
		All coordinates were recorded in MGA Zone
		51 datum GDA94.
		Topographic control is provided by a Digital
		Terrain Model based on the 90 m Shuttle
		Radar Topographic Mission data.
		Drill hole details are in Appendix 1 of this
		announcement.

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Criteria	JORC Code explanation	Commentary
	• Data spacing for reporting of Exploration
Data	Results.	Drill holes were sited in a position to
spacing and	• Whether the data spacing and distribution	intercept the previously identified air core
distribution	is sufficient to establish the degree of	mineralisation, aiming to obtain grade and
	geological and grade continuity appropriate	width information.
	for the Mineral Resource and Ore Reserve
	estimation procedure(s) and classifications	The orientation of the mineralisation is not
	applied.	yet defined, at this stage of exploration.
	• Whether sample compositing has been
	applied.	N/A as no resource estimate is made.
		RC drilling was on line spacing at 100m or
		200m and 75m inbetween drill holes.
		Deviations from the 75m spacing occurred
		where necessary to avoid restricted zones.
		No compositing has been conducted.
	• Whether the orientation of sampling
Orientation	achieves unbiased sampling of possible	Appendix 1 tables the MGA coordinates, of
of data in	structures and the extent to which this is	each hole.
relation to	known, considering the deposit type.
geological	• If the relationship between the drilling	RC drilling is a hammer percussion technique
structure	orientation and the orientation of key	to shatter the rock and does not allow rock
	mineralised structures is considered to	structures to be seen.
	have introduced a sampling bias, this
	should be assessed and reported if	Drilling is assumed to intersect the
	material.	mineralised structures at right angles. All
		holes were drilled at -60 degrees to the west.
		Until Catalina ascertains all assays back or
		conduct diamond drilling, Catalina is
		uncertain of the geometry of the mineralised
		structures
	• The measures taken to ensure sample
Sample	security.	Drill samples were placed into calico bags
security		measuring 14 in x 12 in. They were then
		placed into larger poly weave bags which
		were sealed with cable ties.
		Large bulka bags were used to transport these
		poly weave bags to the ALS lab in Kalgoorlie.
		A sample submission outlining assay
		instructions was provided to ALS.
		ALS maintains the chain of custody once the
		samples are received at the laboratory, with a
		full audit trail available via the ALS website.
		The chain of custody for samples from
		collection to delivery at the laboratory was
		handled by Apex Geoscience personnel.

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Criteria	JORC Code explanation	Commentary
	• The results of any audits or reviews of
Audits or	sampling techniques and data.	At this stage of exploration, no external audit
reviews		or review has been undertaken.
		The work was carried out by reputable
		companies and laboratories using industry
		best practice.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
	• Type, reference name/number, location
Mineral	and ownership including agreements or	The Central Yilgarn Project consists of 8
tenement and	material issues with third parties such as	granted Exploration Licenses (E16/495,
land tenure	joint ventures, partnerships, overriding	E30/493, E30/494, E77/2403, E77/2416,
status	royalties, native title interests, historical	E77/2432, E77/2634 and E30/584).
	sites, wilderness or national park and
	environmental settings.	All tenements are 100% owned by Catalina.
	• The security of the tenure held at the time
	of reporting along with any known	E16/495, E30/493, E30/494, E77/2403,
	impediments to obtaining a licence to	E77/2416, E77/2432, E77/2634 are subject to
	operate in the area.	a 1% NSR retained by Arrow Minerals.
		E30/584 will be subject to a 1% NSR retained
		by Dreadnought Resources.
		The Yerilgee, Evanston and South Elvire
		greenstone belts are covered by the Marlinyu
		Ghoorlie Native Title Claim (WC2017/007).
	• Acknowledgment and appraisal of
Exploration	exploration by other parties.	At Central Yilgarn, historical exploration of a
done by other		sufficiently high standard was carried out by
parties		a few parties including: Kia Ora Gold, Battle
		Mountain, Aztec Mining, Titan Resources and
		Roper River.
		In more recent years since 2001, the ground
		has been held and explored for Iron Ore by
		Cleveland Cliffs, MacArthur Minerals
		(Internickel Australia), Meteoric Resources,
		Arrow Minerals and DRE. Prior to gold
		exploration in the 1980s and 1990s, the
		ground was explored by base metal
		companies, though few details of their work
		is recorded.
	• Deposit type, geological setting and style	The Central Yilgarn Project is located within
Geology	of mineralization.	the Yerilgee, Evanston and South Elvire
		Greenstone Belt within the Southern Cross
		Domain of the Youanmi Terrane of the Yilgarn
		Craton. The Central Yilgarn Project is

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Criteria	JORC Code explanation	Commentary
		prospective for orogenic gold, iron ore, LCT
		pegmatites, VMS and potentially komatiite
		hosted nickel mineralisation.
	• A summary of all information material to
Drill hole	the understanding of the exploration	The documentation for drill hole locations in
Information	results including a tabulation of the	this announcement are considered
	following information for all Material drill	acceptable. Consequently, the use of any
	holes:	data obtained is suitable for presentation
	o easting and northing of the drill hole	and analysis. Given the early stage of the
	collar	exploration programs, the data quality is
	o elevation or RL (Reduced Level –	acceptable for reporting purposes. The
	elevation above sea level in metres) of	exploration assay results for the 1m samples
	the drill hole collar	have been received.
	o dip and azimuth of the hole
	o down hole length and interception	Given the early stage of the exploration
	depth	programs, the data quality is acceptable for
	o hole length.	reporting purposes.
	• If the exclusion of this information is
	justified on the basis that the information
	is not Material and this exclusion does not
	detract from the understanding of the
	report, the Competent Person should
	clearly explain why this is the case.
	• In reporting Exploration Results, weighting	Mineralised intervals reported in this
Data	averaging techniques, maximum and/or	announcement use a cutoff >0.5 g/t Au
aggregation	minimum grade truncations (eg cutting of	unless otherwise stated. Where aggregate
methods	high grades) and cut-off grades are	intersections are reported in Figures no more
	usually Material and should be stated.	than one consecutive metre of dilution is
	• Where aggregate intercepts incorporate	used.
	short lengths of high grade results and
	longer lengths of low grade results, the
	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.
	• These relationships are particularly
Relationship	important in the reporting of Exploration	All intervals are reported as down hole
between	Results.	intercepts.
mineralization	• If the geometry of the mineralization with
widths and	respect to the drill hole angle is known, its	True widths are unknown at this stage of
intercept	nature should be reported.	exploration.
lengths	• If it is not known and only the down hole
	lengths are reported, there should be a
	clear statement to this effect (eg ‘down
	hole length, true width not known’).
	• Appropriate maps and sections (with	Refer to figures in this report.
Diagrams	scales) and tabulations of intercepts
	should be included for any significant
	discovery being reported These should
	include, but not be limited to aplan view

Page 17

Criteria	JORC Code explanation	Commentary
	of drill hole collar locations and
	appropriate sectional views.
	• Where comprehensive reporting of all
Balanced	Exploration Results is not practicable,	The accompanying document is a balanced
reporting	representative reporting of both low and	report with a suitable cautionary note. The
	high grades and/or widths should be	locations of previous drilling are shown in
	practiced to avoid misleading reporting of	diagrams attached.
	Exploration Results.	More details can be found in the JORC tables
		of previous announcements
	• Other exploration data, if meaningful and	Suitable commentary of the geology is given
Other	material, should be reported including	within the text of this document.
substantive	(but not limited to): geological
exploration	observations; geophysical survey results;
data	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.
	• The nature and scale of planned further	Further surface soil and RC drilling.
Further work	work (eg tests for lateral extensions or
	depth extensions or large-scale step-out
	drilling).
	• Diagrams clearly highlighting the areas of
	possible extensions, including the main
	geological interpretations and future
	drilling areas, provided this information is
	not commercially sensitive.

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