Catalina Resources Adds Copper Exposure with Breakaway Dam Deal and Expands Gold Footprint

Shree Minerals Limited ( (AU:CTN) ) has issued an announcement.

Catalina Resources has moved to reshape its portfolio through a binding asset swap with Forrestania Resources, acquiring 100% of the Breakaway Dam Copper Project while divesting its Laverton gold assets. The deal delivers Catalina a drill-ready, copper-dominant VMS system with confirmed sulphide mineralisation and recent diamond drilling intercepts indicating both broad and high-grade copper and copper-zinc zones, creating a pipeline of follow-up exploration targets. Consideration will be paid entirely in equity and options rather than cash, preserving balance sheet flexibility and providing a staged funding pathway tied to higher future valuation levels, while aligning Forrestania’s returns with Catalina’s exploration success. In parallel, Catalina will also acquire 100% of Auric North Pty Ltd, establishing a second district-scale gold platform in Western Australia’s Mid-West with drill-ready targets and historical gold intercepts, advancing its strategy of a diversified copper–gold growth portfolio at a time of structurally constrained copper supply and favourable long-term demand.

The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.01 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 building a balanced portfolio of copper and gold assets. The company’s core strategy centres on scalable, drill-ready projects in established Western Australian mining districts, including the Central Yilgarn and newly secured Mid-West gold regions, supported by a board with extensive base metals experience.

Average Trading Volume: 255,528

Technical Sentiment Signal: Sell

Current Market Cap: A$9.71M

See more data about CTN stock on TipRanks’ Stock Analysis page.