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Shree Minerals Limited (AU:CTN)
ASX:CTN
Australian Market

Shree Minerals Limited (CTN) AI Stock Analysis

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AU:CTN

Shree Minerals Limited

(Sydney:CTN)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$0.09
▲(2125.00% Upside)
The score is primarily held back by weak financial performance: inconsistent/zero revenue periods, recurring losses, and persistent negative operating and free cash flow. Low leverage modestly offsets risk, while technical and valuation signals are constrained by missing indicators and loss-making earnings.
Positive Factors
Very low leverage / strong balance sheet
Near-zero debt materially reduces refinancing and solvency risk, creating a durable financial buffer. Over a 2–6 month horizon this balance-sheet strength preserves strategic optionality, lowers bankruptcy probability, and gives management time to stabilise operations without immediate debt pressure.
Market liquidity for equity
Sustained average trading volume supports access to public equity capital when needed. Given persistent operating losses and cash burn, the ability to issue or place shares without extremely thin markets is a durable enabler of external funding, reducing the risk of forced private financing.
Low leverage offsets some operational risk
Because leverage is low, the company has a structural cushion versus peers with higher debt. This reduces fixed financial commitments and gives management room to pursue turnaround measures or restructuring over months, making the business less vulnerable to short-term shocks.
Negative Factors
Consistent negative operating and free cash flow
Persistent negative OCF and FCF indicate structural cash burn that undermines self-sustainability. Over several months this necessitates repeated external funding, increases financing risk, and constrains reinvestment, making recovery dependent on durable revenue improvement or capital injections.
Revenue inconsistency and zero-revenue periods
Intermittent or zero revenue demonstrates a fragile business model lacking a stable customer or sales base. Structurally, this limits the firm's ability to cover fixed costs, plan investments, or achieve scale, making sustainable profitability and margin recovery unlikely without a clear market or commercial reset.
Recurring and worsening net losses
Escalating net losses erode equity and reduce retained earnings, pressuring solvency metrics over time. Persistently negative profitability raises the probability of dilutive capital raises, restricts strategic investment, and undermines long-term shareholder value unless a durable turnaround is executed.

Shree Minerals Limited (CTN) vs. iShares MSCI Australia ETF (EWA)

Shree Minerals Limited Business Overview & Revenue Model

Company DescriptionCatalina Resources Ltd explores for, develops, and mines mineral properties in Australia. The company primarily explores for lithium, iron, gold, and base metals. It holds interest in the Nelson Bay River iron project located in Tasmania; Dundas Project; Kookynie West Project; and Lachlan Fold Belt Project. The company was formerly known as Shree Minerals Limited. Catalina Resources Ltd was incorporated in 2008 and is based in Nedlands, Australia.
How the Company Makes MoneyShree Minerals Limited generates revenue through the exploration, development, and eventual production of mineral resources, particularly iron ore. The company earns money by selling extracted minerals to various buyers in the commodities market, including smelters, refineries, and manufacturing entities that require raw materials. Key revenue streams include proceeds from the sale of iron ore as well as potential joint ventures or partnerships with other mining companies that can result in shared profits from collaborative projects. The company's earnings are influenced by factors such as mineral market prices, production costs, and operational efficiencies. Additionally, strategic partnerships and agreements with other companies can provide access to additional resources, technology, or capital, enhancing its profitability.

Shree Minerals Limited Financial Statement Overview

Summary
Shree Minerals Limited faces significant financial challenges, particularly in profitability and cash flow management, with consistent losses and negative cash flows. Despite maintaining a strong equity position and low debt, the company's limited revenue growth and operational inefficiencies present substantial risks. Strategic adjustments are necessary to enhance profitability and stabilize cash flows for future sustainability.
Income Statement
12
Very Negative
The company exhibits a challenging income statement with substantial negative net income and EBIT margins, indicating operational inefficiencies. Revenue growth is stagnant with no significant improvement over the trailing periods, and the gross profit margin is relatively low. However, the company has shown slight improvement in reducing losses over time.
Balance Sheet
64
Positive
The balance sheet reflects a relatively stable equity position, with a positive equity ratio of 64.9% in TTM, contributing to financial stability. However, the return on equity is negative due to net losses, and the debt-to-equity ratio is low at 0.004, reflecting minimal leverage risk. The company's asset base is declining, which poses a potential risk to future growth.
Cash Flow
18
Very Negative
The cash flow statement reveals negative operating and free cash flows, indicating cash outflows exceeding inflows. The operating cash flow to net income ratio is negative, and free cash flow growth is volatile, suggesting potential liquidity issues. Nonetheless, the company maintains a substantial cash reserve, providing some buffer against cash flow challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.00135.00K0.0029.89K0.00
Gross Profit-36.12K-56.51K56.46K-12.20K-61.18K-82.58K
EBITDA-1.05M-1.42M-441.00K-1.41M155.88K-993.51K
Net Income-2.18M-2.18M-831.00K-1.43M131.37K-1.02M
Balance Sheet
Total Assets7.37M7.37M6.00M7.09M8.34M5.46M
Cash, Cash Equivalents and Short-Term Investments3.85M3.85M2.82M3.57M5.08M3.92M
Total Debt9.16K9.16K21.73K32.92K7.03K16.95K
Total Liabilities1.60M1.60M943.52K1.20M1.03M911.47K
Stockholders Equity5.77M5.77M5.06M5.89M7.32M4.55M
Cash Flow
Free Cash Flow-1.48M-1.95M-737.48K-1.50M-1.47M-876.80K
Operating Cash Flow-1.18M-1.18M-315.13K-556.00K-491.63K-513.80K
Investing Cash Flow-724.85K-724.85K-422.35K-941.82K-973.89K-363.00K
Financing Cash Flow2.61M2.61M-13.35K-11.57K2.62M3.95M

Shree Minerals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
47
Neutral
AU$11.20M-2.59-40.27%-114.29%
46
Neutral
AU$14.72M-28.26%65.00%
43
Neutral
AU$18.58M-2.54-45.16%-563.16%
41
Neutral
AU$49.70M-7.47-5.81%-67.81%-244.10%
37
Underperform
AU$8.05M-26.26%78.57%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CTN
Shree Minerals Limited
0.09
0.04
95.65%
AU:SRN
Surefire Resources NL
AU:VML
Vital Metals Ltd
0.21
0.15
250.00%
AU:NAE
New Age Exploration Limited
AU:CAZ
Cazaly Resources Limited
0.03
0.02
220.00%

Shree Minerals Limited Corporate Events

Catalina Resources Unveils New Share and Option Issue to Boost Capital Base
Jan 12, 2026

Catalina Resources Ltd has lodged an Appendix 3B detailing a proposed capital raising involving the issue of up to 24,308,376 new fully paid ordinary shares and 6,915,940 existing class CTNAA options, alongside two new classes of unlisted options. The new unlisted options comprise 9,861,707 options exercisable at $0.23 and 4,149,303 options exercisable at $0.345, each with a three-year expiry from the date of issue, with all securities expected to be issued on 25 February 2026. The placement or other form of issue is intended to expand the company’s capital base, providing additional financial flexibility for its resource exploration and development activities, and potentially diluting existing shareholders while offering leverage to any future share price appreciation through the new options.

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.

Catalina Resources Adds Copper Exposure with Breakaway Dam Deal and Expands Gold Footprint
Jan 12, 2026

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.

Forrestania Expands Eastern Goldfields Footprint in Asset Swap With Catalina
Jan 12, 2026

Forrestania Resources has entered into a binding asset swap with Catalina Resources that will see Forrestania acquire the Laverton Project, comprising three exploration licences adjacent to its existing tenure in the Eastern Goldfields, while divesting its Breakaway Dam copper and lithium exploration licence to Catalina. In exchange, Forrestania will receive a significant equity stake of about 10% in Catalina, plus a series of options, enabling it to offload a non-core copper asset yet retain exposure to potential copper and gold upside through Catalina’s exploration of Breakaway Dam and other greenstone belts, while strategically expanding and consolidating its gold-focused footprint around the Lake Johnston area within the Eastern Goldfields Hub.

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.

Catalina Ramps Up Phase 1 Drilling at Evanston and Yerilgee Gold Projects
Jan 8, 2026

Catalina Resources Limited has restarted reverse circulation drilling at its Evanston Gold Project in Western Australia as part of a broader Phase 1 campaign targeting key structural and geochemical anomalies across both the Evanston and Yerilgee corridors. The program, encompassing about 8,000 metres of RC and aircore drilling over multiple high-priority prospects, will be accelerated by mobilising a second RC rig, with assay results to be fed into geological modelling to refine targets and guide follow-up drilling, underscoring an intensifying exploration push that could shape the company’s future project pipeline and resource definition efforts.

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.

Catalina Resources Shareholders Back All Resolutions at Annual General Meeting
Dec 23, 2025

Catalina Resources Limited has reported the results of its 23 December 2025 Annual General Meeting, where shareholders approved all seven resolutions put to a poll, including ratifications of prior share and performance rights issues, approvals to issue options to placement participants and Pareto Capital, and a consolidation of capital. The strong voting support for these measures consolidates the company’s recent capital management and funding activities, reinforcing its balance sheet structure and providing greater flexibility to progress its portfolio of gold, base metal, lithium and iron ore projects, with implications for future project development and potential value creation for shareholders.

Catalina Offers Hybrid Access for December Shareholders’ Meeting
Dec 17, 2025

Catalina Resources Limited operates in the Australian minerals exploration and mine development sector, with primary activities focused on exploring and developing gold, base metal, lithium and iron ore projects for eventual production.
Catalina has announced its General Meeting of shareholders will be held as a hybrid event at 11:00am AWST on 23 December 2025, with online access to listen to proceedings and submit written questions during the meeting. Online voting will not be available; shareholders must vote in person at the meeting or lodge a valid proxy prior to the meeting. The hybrid format is offered for convenience and does not replace voting rights. The change increases accessibility and engagement for remote investors and supports corporate governance and investor relations, but the absence of online voting means remote shareholders should ensure proxies are in place to have their votes counted.

Catalina Resources Advances Beasley Creek Gold Project with Promising Review
Dec 8, 2025

Catalina Resources Limited has completed an independent technical review of its Beasley Creek Gold Project, which confirms the project’s strong potential for shear-hosted orogenic gold. The review identifies Flamingo as a high-priority drill-ready target, supported by soil anomalism, magnetic features, and historical high-grade drilling results. The project, located within the northern Capricorn Orogen, is influenced by significant fault systems and remains underexplored with minimal modern geophysics. The findings provide a focused exploration model, paving the way for targeted drilling and potential meaningful discoveries.

Catalina Resources Advances Phase 1 Drilling at Evanston Gold Project
Dec 4, 2025

Catalina Resources Limited is advancing its Phase 1 drilling at the Evanston Gold Project, targeting high-priority structures to refine its geological model. The project is situated within the Yilgarn Craton, a region with significant exploration potential for gold and other minerals. This phase aims to test structural and lithological targets, with initial samples sent for PhotonAssay analysis to ensure timely results. The drilling campaign is part of Catalina’s broader strategy to enhance shareholder value through technically led exploration, with plans to shift focus to the Yerilgee project upon completion.

Catalina Resources Initiates Phase 1 Drilling at Evanston Project
Nov 30, 2025

Catalina Resources Limited has commenced its Phase 1 drilling program at the Evanston and Yerilgee gold projects, targeting key mineralization zones. The program, which includes 36 reverse-circulation drill holes totaling approximately 5,670 meters at Evanston, aims to explore the strike and depth potential of the area, with completion expected by late December 2025. This drilling initiative is designed to evaluate structural corridors and deliver new intersections, with rolling assay submissions to guide further exploration efforts. The company anticipates a steady flow of news to inform follow-up work and enhance understanding of the mineralized system.

Catalina Resources Issues 422 Million Shares to Boost Exploration Projects
Nov 25, 2025

Catalina Resources Ltd has issued 422 million shares without a disclosure document, in compliance with the Corporations Act, to further its mineral exploration and development projects. This move aligns with the company’s strategy to enhance shareholder value through successful project exploration and development, potentially impacting its market positioning and stakeholder interests.

Catalina Resources Ltd Announces Quotation of New Securities on ASX
Nov 25, 2025

Catalina Resources Ltd has announced the application for quotation of 422,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a transaction or transactions previously announced to the market, indicating a strategic effort to enhance its financial standing and market presence.

Catalina Resources Set to Launch Phase 1 Drilling at Gold Projects
Nov 24, 2025

Catalina Resources Limited is advancing its Phase 1 drilling program at the Evanston and Yerilgee gold projects, with drilling scheduled to commence on December 1, 2025. The program involves approximately 7,500 meters of reverse-circulation and aircore drilling to explore priority structural corridors and mineralized zones. Preparations, including site establishment and compliance with heritage and regulatory requirements, are complete, and McKay Drilling has been contracted for the operation. This initiative aims to enhance Catalina’s exploration efforts and potentially expand its gold resource base.

Catalina Resources Limited Announces Upcoming General Meeting
Nov 24, 2025

Catalina Resources Limited, listed on the ASX under the ticker CTN, has announced that its General Meeting will be held on December 23, 2025, in West Perth, Australia. The company has decided to distribute the Notice of the General Meeting electronically, in line with recent amendments to the Corporations Act 2001, to shareholders who have opted for digital communication. Shareholders are encouraged to vote online or via proxy, with all resolutions to be decided by a poll.

Catalina Resources Ltd Schedules General Meeting to Ratify Share Issues and Capital Consolidation
Nov 24, 2025

Catalina Resources Ltd has announced a general meeting scheduled for December 23, 2025, where shareholders will vote on several resolutions related to the ratification and approval of prior share issues and options. The meeting’s agenda includes the ratification of shares issued to placement participants and vendors, the approval of options issuance, and a proposed consolidation of the company’s capital. These resolutions are significant as they aim to strengthen the company’s financial position and streamline its capital structure, potentially impacting shareholder value and market perception.

Catalina Resources Ltd Announces Security Consolidation
Nov 19, 2025

Catalina Resources Ltd has announced a security consolidation, affecting its ordinary fully paid shares, options expiring in May 2027, and performance rights. The consolidation is set to commence trading on a deferred settlement basis on December 31, 2025, with a record date of January 2, 2026, and an issue date of January 9, 2026. This move requires security holder approval, which is estimated to be determined by December 24, 2025. The consolidation could impact the company’s stock liquidity and market perception, potentially affecting shareholder value.

Catalina Resources Ltd Announces Proposed Securities Issue
Nov 19, 2025

Catalina Resources Ltd has announced a proposed issue of securities, including 291 million options expiring in May 2027 and 422 million fully paid ordinary shares. The issuance is set for November 26, 2025, and aims to raise capital for the company, potentially impacting its market positioning and stakeholder interests.

Catalina Resources Secures A$1.266 Million for Exploration Expansion
Nov 19, 2025

Catalina Resources Ltd, a company focused on gold exploration in Western Australia, has announced a successful placement raising approximately A$1.266 million from sophisticated investors. This capital injection will bolster the company’s cash position to around A$3.5 million, enabling it to advance its exploration projects in the Central Yilgarn and Beasley Creek regions. The placement includes issuing 422 million shares at A$0.003 each, with participants receiving options exercisable at A$0.005. The funds will primarily support a 20,000-meter drilling program scheduled to begin in December 2025. Additionally, the company proposes a 1-for-23 share consolidation to streamline its capital structure, pending shareholder approval.

Catalina Resources Ltd Initiates Trading Halt for Capital Raising Announcement
Nov 16, 2025

Catalina Resources Ltd (ASX: CTN) has requested a trading halt on its securities pending an announcement related to a proposed capital raising. The trading halt is expected to last until the announcement is made or until the market opens on 19 November 2025. This move is likely to impact the company’s stock trading activity and signals a significant financial maneuver that could affect stakeholders and market perception.

Catalina Resources Announces Director’s Acquisition of Performance Rights
Nov 11, 2025

Catalina Resources Ltd has announced a change in the interest of its director, Karl Simich, involving the acquisition of performance rights. Mr. Simich, through Tongaat Pty Ltd, has acquired 35,000,000 Class A and 35,000,000 Class B Performance Rights under the Employee Incentive Securities Plan, as approved by shareholders at the recent AGM. This move reflects the company’s strategy to align director incentives with shareholder interests, potentially impacting the company’s governance and stakeholder engagement.

Catalina Resources Ltd Issues 230 Million Unquoted Performance Rights
Nov 11, 2025

Catalina Resources Ltd has announced the issuance of 230,000,000 unquoted performance rights securities, as part of a previously announced transaction. This issuance, effective from November 11, 2025, is not intended to be quoted on the ASX, and reflects the company’s ongoing strategic financial maneuvers to enhance its market positioning and operational capabilities.

Catalina Resources AGM: Resolutions Passed Amidst Director Resignation
Nov 6, 2025

Catalina Resources Limited held its Annual General Meeting on November 6, 2025, where all resolutions, except for two withdrawn due to a director’s resignation, were passed. This successful meeting indicates strong shareholder support for the company’s strategic decisions, potentially enhancing its position in the mineral exploration industry.

Catalina Resources Announces Director Departure
Nov 5, 2025

Catalina Resources Limited has announced the cessation of Martin Bennett as a director, effective November 6, 2025. Bennett held 6,344,256 fully paid ordinary shares at the time of his departure. This change in the board may impact the company’s strategic direction and investor confidence, given Bennett’s significant shareholding.

Shree Minerals Advances Exploration with Significant Gold and REE Discoveries
Oct 30, 2025

Shree Minerals Limited has reported significant progress in its exploration activities for the quarter ending September 30, 2025. The company completed two reverse circulation drilling campaigns at the Laverton Project, confirming both gold and REE mineralization with notable intercepts. Additionally, Shree Minerals secured a 100% interest in the Beasley Creek Gold Project, which is prospective for orogenic and conglomerate-style gold mineralization. The company also executed a Heritage Protection Agreement at the Central Yilgarn Project, paving the way for future drilling. These developments highlight Shree Minerals’ strategic focus on expanding its resource base and enhancing its market positioning in the mining sector.

Catalina Resources Completes Acquisition of Beasley Creek Gold Project
Oct 17, 2025

Catalina Resources Limited has completed the acquisition of the Beasley Creek Gold Project in Western Australia, securing a 100% interest in the project. This acquisition enhances Catalina’s portfolio with a promising gold opportunity, and the company plans to review historical data to refine drill targets for upcoming exploration activities.

Catalina Resources Ltd Applies for Quotation of 15 Million Securities on ASX
Oct 17, 2025

Catalina Resources Ltd has announced the application for the quotation of 15,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a transaction previously announced to the market, indicating a strategic step in enhancing the company’s financial operations and market presence.

Catalina Resources Issues 135 Million Unquoted Performance Rights
Oct 17, 2025

Catalina Resources Ltd has announced the issuance of unquoted securities, specifically performance rights, totaling 135 million units. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX. The move could potentially impact the company’s equity structure and stakeholder interests.

Catalina Resources Outlines Future Plans Amidst Market Uncertainties
Oct 15, 2025

Catalina Resources Ltd has released an investor presentation, emphasizing the company’s intentions, expectations, future plans, strategy, and prospects. However, the presentation includes disclaimers about the accuracy and completeness of the information, and highlights the risks and uncertainties that could impact the company’s future performance and operations.

Catalina Resources Extends Mineralisation Zone at Halo Project
Oct 14, 2025

Catalina Resources Limited, a company engaged in gold exploration, has announced the receipt of all assay results from its September 2025 reverse-circulation drilling program at the Halo Project, part of its Laverton Gold Project. The results indicate an extension of the mineralisation zone, which remains open along strike and down plunge, suggesting potential for further exploration. The company plans to consolidate the data to evaluate mineralisation trends and determine the next steps for advancing the project.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 14, 2026