Catalina Resources (ASX:CTN) expands pipeline with Beasley Creek acquisition and Halo drilling results

Catalina Resources Limited (ASX:CTN) has advanced its growth strategy with two key updates: the acquisition of the Beasley Creek Gold Project in the Pilbara and new drill results from the Halo Project in Laverton.

The combination strengthens the company’s presence across three of Western Australia’s most productive gold provinces and underscores its approach of acquiring under-explored belts with clear geological potential.

Executive Director Ross Cotton provides detailed insight into the significance of these developments, what the results reveal, and how Catalina intends to move forward.

What is the strategic significance of acquiring the Beasley Creek Project?

The Beasley Creek Project marks Catalina’s first district-scale footprint in the Pilbara and provides a strong complement to its existing Yilgarn and Laverton portfolios.

The project spans 46 square kilometres on the northern flank of the Rocklea Dome, positioned about 60 kilometres west of Tom Price and 80 kilometres from the Paulsens Gold Operation, which historically produced more than 900,000 ounces of gold at an average grade of 7.3 grams per tonne.

“The Beasley Creek Project is an ideal fit with Catalina’s ‘under-explored belts’ focus. The strategy behind this acquisition mirrors that of our recent Yerilgee and Evanston greenstone belt acquisitions, reinforcing an approach of consolidating prospective ground and advancing it quickly.”

Beasley Creek is prospective for both structurally controlled orogenic gold in Archean greenstones and conglomerate-style gold along a 16 kilometre unconformity corridor in the Hardey Formation.

Neither style has been systematically drill tested for more than two decades, which creates immediate scope for new exploration.

Catalina will also benefit from a comprehensive exploration database that includes over 1,300 soil, stream, and rock chip samples, 2,323 line kilometres of aeromagnetics, and detailed mapping, allowing the company to move quickly into reinterpretation and target ranking.

What were the key results from the Halo Project drilling at Laverton?

Drilling at the Halo Project has confirmed the presence of a mineralised gold system with continuity both near surface and at depth.

The company completed 11 reverse circulation drill holes for a total of 2,040 metres, and the first three holes returned highly encouraging intercepts.

LVRC06 intersected 17 metres at 0.90 grams per tonne gold from 44 metres, while LVRC07 delivered 2 metres at 3.79 grams per tonne from 190 metres and 5 metres at 2.62 grams per tonne from 217 metres, which also included a metre at 7.48 grams per tonne.

LVRC08 returned 2 metres at 2.55 grams per tonne from 58 metres and 2 metres at 2.32 grams per tonne from 109 metres.

These results build on earlier work in Laverton that recorded 28 metres at 1.09 grams per tonne from 57 metres, including 1 metre at 9.69 grams per tonne, and 18 metres at 1.16 grams per tonne from 126 metres, including 5 metres at 2.3 grams per tonne. Together, the results indicate that mineralisation remains open along strike and down plunge.

“Catalina’s receipt of encouraging RC assay results from the Halo Project, combined with the recent acquisition of the Beasley Creek Project, highlights our clear strategy of acquiring and systematically exploring prospective gold assets across Western Australia.”

The mineralisation is hosted within a deeply weathered dolerite package showing carbonate and sericite alteration, consistent with the hydrothermal systems that underpin other deposits across the Laverton district.

This geological setting provides confidence that Halo is positioned within the same fertile corridor that supports major operations in the region

What are the next steps for exploration at the Halo Project?

Catalina is awaiting assay results for 1,140 additional samples from the recent program, which will be integrated into the dataset once received.

These results will provide a more complete understanding of mineralisation continuity and grade distribution across the project.

The company also plans to initiate petrographic studies to examine representative samples from mineralised and unmineralised zones.

These studies will provide greater detail on lithologies, alteration assemblages, and sulphide development, offering insight into the structural pathways for mineralising fluids.

Based on the geological interpretation, the next round of drilling will target extensions to the north, south, and east of the current intercepts, along with continuity within the interpreted feeder structures.

Since Catalina’s tenement extends significantly eastward, any easterly continuation of mineralisation would remain within the company’s existing ground, creating further exploration upside

What are the key commercial terms of the Beasley Creek acquisition?

Catalina has agreed to acquire 100 per cent of the Beasley Creek Project from North Andover Minerals Pty Ltd, subject to conditions including due diligence, shareholder approval, and necessary regulatory and third-party approvals.

The consideration involves 15 million fully paid ordinary shares, 35 million performance rights that vest upon recording a drilling intercept of at least 10 metres at 1 gram per tonne or 1 metre at 10 grams per tonne within 36 months, and 100 million performance rights that vest

upon achieving an inferred mineral resource of at least 200,000 ounces at a cut-off grade above 0.5 grams per tonne within 48 months.

The project is also subject to a 2 per cent net smelter return royalty.

“The Beasley Creek Project displays all the growth-centric characteristics we look for in an early-stage asset: clear geological rationale, defined anomalies, limited modern drilling; meaning plenty of scope for rapid, value-adding work.”

This deal structure ensures that most of the vendor’s upside is tied directly to project advancement and exploration success, which aligns the interests of all parties and minimises shareholder dilution until clear milestones are achieved.

How does the Beasley Creek acquisition align with Catalina’s broader growth strategy?

The acquisition aligns closely with Catalina’s growth model of consolidating under-explored belts that demonstrate strong geological rationale, defined anomalies, and limited modern drilling.

It mirrors the approach taken with the Yerilgee and Evanston acquisitions in the Yilgarn Craton and reflects the company’s strategy of building exposure to multiple prospective belts.

By combining Beasley Creek in the Pilbara with existing projects in Laverton and the Yilgarn, Catalina is now positioned as a multi-district explorer across three of Western Australia’s premier gold provinces.

This diversification reduces reliance on a single project while increasing opportunities for discovery.

The availability of a complete exploration database at Beasley Creek means Catalina can commence reinterpretation and target generation immediately, consistent with its focus on efficient and value-driven exploration.

Together with the encouraging Halo results, the acquisition strengthens the company’s exploration pipeline and provides multiple pathways for creating shareholder value.

Strengthening position across key gold provinces

The dual update represents an important milestone for Catalina Resources, with both the acquisition of Beasley Creek and the positive Halo drill results advancing the company’s strategy of building a diversified and prospective project portfolio.

“The Company is focused on advancing projects located within proven mineralised corridors, where our exploration programs can quickly test and define gold systems with the potential to add value for shareholders.”

As Executive Director Ross Cotton explains, Catalina Resources remains committed to acquiring projects in proven belts, applying systematic modern exploration, and advancing targets quickly.

With district-scale exposure across the Pilbara, Laverton, and Yilgarn, the company is positioned to pursue multiple discovery opportunities that can translate into long-term shareholder returns.

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