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An announcement from Shree Minerals Limited ( (AU:CTN) ) is now available.
Catalina Resources reports that drilling at its Breakaway Dam copper project in Western Australia is nearing completion, with about 1,600 metres drilled to refine the geometry, continuity and scale of the confirmed copper-rich VMS system. The current program has intersected sulphide mineralisation coincident with strong DHEM conductor targets, reinforcing the geological model and validating the company’s geophysical targeting approach.
Previous work at Breakaway Dam identified a 700-metre strike length of sulphide mineralisation and copper intersections approaching 2% over widths of up to 8–9 metres, supported by both copper- and zinc-bearing sulphides. Assays from the latest holes have been fast-tracked, DHEM surveys are about to commence, and planning for the next drilling phase is underway, signalling continued momentum in advancing the project and potentially enhancing Catalina’s copper exploration portfolio.
The most recent analyst rating on (AU:CTN) stock is a Sell with a A$0.06 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 Australian mineral exploration company focused on base metals, particularly copper, in Western Australia. Its Breakaway Dam project, located east of Menzies, targets a copper-rich volcanogenic massive sulphide system, with prior drilling indicating meaningful copper and zinc sulphide mineralisation over substantial widths.
Average Trading Volume: 1,005,347
Technical Sentiment Signal: Sell
Current Market Cap: A$8.54M
For an in-depth examination of CTN stock, go to TipRanks’ Overview page.