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Shree Minerals Limited ( (AU:CTN) ) just unveiled an announcement.
Catalina Resources Limited has reported that diamond drilling and downhole electromagnetic surveys at the Breakaway Dam Copper Project near Menzies in Western Australia have confirmed mineralisation consistent with a copper‑rich volcanogenic massive sulphide system, with all recent drill holes intersecting sulphide-rich horizons and significant copper and zinc intercepts over roughly 700 metres of strike. The confirmation of a continuous VMS-style system, untested high‑conductance EM targets along a prospective stratigraphic trend extending about 16 kilometres, and additional gold prospectivity collectively suggest substantial scale and district‑wide exploration upside for the project, providing a strong technical basis for Catalina to progress systematic exploration and potentially enhance its future resource base and strategic position in the copper sector, subject to completion of the proposed transaction.
The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Shree Minerals Limited stock, see the AU:CTN Stock Forecast page.
More about Shree Minerals Limited
Catalina Resources Limited is an exploration-focused resources company active in Western Australia, advancing projects with a focus on copper and associated base metals within volcanogenic massive sulphide (VMS) geological settings, and also assessing potential gold mineralisation within its project areas.
Average Trading Volume: 367,682
Technical Sentiment Signal: Sell
Current Market Cap: A$10.95M
See more insights into CTN stock on TipRanks’ Stock Analysis page.