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The latest update is out from Shree Minerals Limited ( (AU:CTN) ).
Catalina Resources has appointed Core Drilling Pty Ltd to execute an initial 3,000-metre reverse circulation program at its Breakaway Dam Copper VMS Project in Western Australia. The campaign, which may be expanded based on geological advice and results, marks a more focused phase of exploration aimed at advancing a copper-rich VMS system with potential for along-strike and down-plunge extensions.
Recent drilling and downhole electromagnetic surveys have confirmed a copper-bearing sulphide system hosted in a defined stratigraphic position, with mineralisation distributed across multiple sulphide layers. Interpretation of EM data indicates previous holes clipped the margins rather than the centres of conductive sulphide bodies, and the new program will systematically test priority EM plates and extensions to better constrain the geometry, continuity and development potential of the Breakaway Dam mineralised system.
The most recent analyst rating on (AU:CTN) stock is a Hold with a A$0.11 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 exploration company focused on copper-bearing volcanogenic massive sulphide (VMS) mineral systems. Its primary activity at the Breakaway Dam Copper VMS Project in Western Australia targets copper and zinc sulphide mineralisation within mafic volcanic rocks, aiming to delineate scalable mineral resources through systematic drilling and geophysical programs.
Average Trading Volume: 711,840
Technical Sentiment Signal: Sell
Current Market Cap: A$11.67M
Find detailed analytics on CTN stock on TipRanks’ Stock Analysis page.