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Shree Minerals Limited ( (AU:CTN) ) has provided an update.
Catalina Resources has expanded the scale of its Beasley Creek copper-gold exploration project after reinterpretation showed the Flamingo prospect is part of a broader structurally controlled hydrothermal corridor along the Mithgoondy Shear Zone. The work has outlined additional priority targets, Golden Hand and King Brown, as well as a silver-anomalous zone at Black Head, collectively building a growing pipeline of drill-ready opportunities.
Initial drill collars have been defined at Flamingo, with other prospects moving toward drill readiness as historic soil data are integrated with current geological models. The company plans first-pass reverse circulation drilling in July–August 2026 and has secured up to $180,000 in co-funding under Western Australia’s Exploration Incentive Scheme, which will help reduce early drilling costs and accelerate testing of the new targets.
More about Shree Minerals Limited
Catalina Resources Limited is an Australian mineral exploration company focused on copper and gold, advancing its 100%-owned Beasley Creek Project in Western Australia. The company targets structurally controlled Cu–Au systems along regional shear zones, aiming to build a pipeline of drill-ready prospects supported by state exploration funding.
Average Trading Volume: 792,138
Technical Sentiment Signal: Sell
Current Market Cap: A$8.54M
Find detailed analytics on CTN stock on TipRanks’ Stock Analysis page.