Catalina Resources' Strategic Acquisition

Catalina Resources (ASX:CTN) has announced the acquisition of the Yerilgee and Evanston Greenstone Belts, marking a significant strategic expansion. These belts, acquired from Dreadnought Resources Limited's subsidiary, span over 650 km² in the mineral-rich Yilgarn Craton. The area holds promising prospects for gold, iron ore, lithium, nickel, and other minerals.

Overview of Catalina's Future Plans

Catalina Resources has strategically acquired the Yerilgee and Evanston Greenstone Belts, situated in the Yilgarn Craton, a region known for its mineral wealth. This acquisition covers a vast area of over 650 km², offering significant potential for discovering gold, iron ore, lithium, nickel, and other minerals. Catalina has identified five camp-scale prospects with proven mineralisation potential and plans to commence exploration activities by early 2025. The company is conducting a technical review to optimise exploration efforts and aims to leverage these new assets to enhance its exploration portfolio and drive shareholder value. This move positions Catalina Resources strategically within a tier 1 mining jurisdiction, providing a unique opportunity for new discoveries and resource development.

Executive Insights on Greenstone Belts Acquisition

The acquisition of the Yerilgee and Evanston Greenstone Belts is a transformative step for Catalina Resources. These belts are located in an underexplored region that has shown significant potential for mineralisation. Our immediate focus will be on high-grade gold targets, but the diverse geological setting offers multiple opportunities for discoveries in other valuable minerals. We are excited to commence exploration planning and look forward to beginning on-ground activities in early 2025.