Catalina Resources quarterly update

Catalina Resources (ASX:CTN) has released its quarterly activity report for the period ending 30th September 2024. The company has made notable progress in its Laverton and Lachlan Fold Belt projects, focusing on gold and rare earth elements exploration. Catalina is also pursuing new mineral exploration opportunities while maintaining its current tenements.

Overview and future outlook

Catalina Resources has conducted aircore drilling at the Laverton Project, targeting gold and rare earth elements, with results pending. In the Lachlan Fold Belt, diamond drilling is set to commence, aiming to explore gold mineralization further. The Nelson Bay River Iron Project is progressing with environmental studies, while all other tenements are maintained or strategically relinquished. The company seeks new opportunities in lithium, rare earths, gold, and base metals. Financially, Catalina remains stable with $2.648 million in cash and continues to prioritize strategic exploration spending. The focus remains on advancing current projects and identifying new exploration opportunities to enhance shareholder value.

Executive commentary on quarterly achievements

The report underscores our commitment to advancing our projects strategically, with a focus on high-priority areas, to maximize shareholder value.