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The latest announcement is out from Shree Minerals Limited ( (AU:CTN) ).
Catalina Resources has entered a binding agreement to acquire 100% of Spinifex Silver Pty Ltd, securing a silver exploration portfolio of about 265 km² across the Fraser North and Nabberu projects in Western Australia. The transaction expands Catalina’s footprint in highly prospective regions, including the Albany–Fraser Orogen and the Earaheedy Basin, and broadens its commodity exposure beyond existing assets.
Fraser North hosts multiple high-grade historical silver intercepts along a roughly 17.5 km mineralised trend, with shallow drilling indicating significant but largely underexplored potential. The Nabberu Project targets SEDEX-style basin-hosted silver in the Frere Formation, and the low-cost, capital-efficient deal structure is designed to preserve cash while Catalina conducts systematic technical evaluation and generates new exploration targets.
More about Shree Minerals Limited
Catalina Resources Limited is an Australian exploration company focused on mineral projects in Western Australia, with a growing emphasis on silver. Its portfolio now spans the Eastern Goldfields and Pilbara regions, targeting both high-grade structurally controlled silver and basin-hosted SEDEX-style mineralisation to build district-scale exposure in a prospective jurisdiction.
Average Trading Volume: 925,018
Technical Sentiment Signal: Sell
Current Market Cap: A$9.4M
For a thorough assessment of CTN stock, go to TipRanks’ Stock Analysis page.