Catalina Resources (ASX: CTN) Quarterly Report: Strategic Drilling Advances in Laverton and Lachlan

Key Highlights:

• Laverton Project: 27 aircore holes completed targeting gold and rare earth elements (REE). Assay results pending.
• Lachlan Fold Belt Project: Diamond drilling scheduled for November 2024 at the Rock Lodge Project, New South Wales.
• Focused Expansion: Continued focus on lithium, rare earths, gold, and base metals, reinforcing Catalina's position in world-class mineral provinces.

Catalina Resources Ltd (ASX: CTN) has made significant progress in its ongoing exploration efforts, as detailed in its latest update for the period ending September 30, 2024. With key projects advancing in Laverton and Lachlan Fold Belt, the company is moving forward in its strategic exploration of gold and rare earth elements (REE), positioning itself for future growth in high-demand sectors.

At the Laverton Project, Catalina completed 27 aircore drill holes totaling 1,801 meters. This campaign targeted both gold mineralization and REE, following up on a successful drilling program earlier this year. Assay results from this latest phase are eagerly awaited and could potentially unlock further value from the project. Previous drill results, including 1m @ 2.42g/t Au and 1m @ 16,426ppm TREO, have already hinted at the area’s mineral potential. The Laverton project, located within a highly prospective region known for its gold deposits, continues to show promise as a cornerstone of Catalina's exploration strategy.

Best results from $CTN’s previous drilling program

SOURCE: $CTN ASX Announcement

The Lachlan Fold Belt Project is another key focus for Catalina, with diamond drilling set to begin in November 2024 at the Rock Lodge prospect in New South Wales. Known for its potential to host both orogenic and intrusion-related gold systems, the Rock Lodge project has already delivered impressive results in earlier campaigns. A 2022 drilling program at this site yielded significant intersections, including 2m @ 2.13g/t Au, underscoring the area's strong mineralization potential. The upcoming drill campaign will aim to further define these zones and explore their depth and continuity.

Summary plan showing significant drilling intersections and RC pre-collars, IP anomalies, rock chip Au geochemistry and location of drilling cross-section C-C’.

Catalina's approach reflects a clear strategic focus on high-value metals, such as lithium, rare earths, and base metals, alongside its gold exploration activities. The company’s diverse portfolio spans several world-class mineral provinces, giving it a competitive edge in a market driven by rising global demand for critical minerals. By concentrating its resources on the most promising projects and systematically advancing exploration efforts, Catalina is positioning itself as a leader in the ASX mining sector.

Looking ahead, investors have much to anticipate, especially with assay results from Laverton on the horizon and the November drilling at Rock Lodge set to reveal more about the project's potential. These activities not only highlight the company’s progress but also its commitment to creating shareholder value through disciplined exploration and strategic project development.

Catalina Resources is entering a pivotal phase in its exploration journey. With key projects advancing and critical milestones approaching, the company is well-positioned to capitalize on the opportunities presented by growing demand for gold and rare earth elements. Investors should keep a close watch on Catalina as it continues to build momentum in the exploration space, with promising results expected in the near future.

As of October 22nd, 2024, $CTN shares (ASX: CTN) are trading at A$0.003.

For more info please go to https://www.catalinaresources.com.au/