Catalina Resources Expands Pilbara Footprint with Beasley Creek Acquisition

Catalina’s Strategic Pilbara Entry

Catalina Resources Limited has taken a significant step in expanding its Western Australian gold portfolio by entering into an agreement to acquire 100% of the Beasley Creek Gold Project, located on the northern flank of the Rocklea Dome in the Pilbara Craton. This acquisition marks Catalina’s first district-scale footprint in the Pilbara, a region known for its rich Archean geology and established gold operations.

The Beasley Creek licence covers approximately 46 square kilometres within a proven gold district, boasting strong infrastructure access and proximity to notable mines such as the Paulsens Gold Operation. Historical drilling at Beasley Creek has revealed promising results, including a high-grade intersection of 4 metres at 11.5 grams per tonne gold, alongside multiple anomalous soil and rock chip samples. The project presents two distinct mineralisation styles – structurally controlled orogenic gold hosted in quartz veins and shear zones, and conglomerate-style gold along a 16-kilometre unconformity corridor in the Hardey Formation.

Leveraging a Robust Exploration Dataset

Importantly, Catalina will acquire a comprehensive exploration database comprising over 1,300 geochemical samples, more than 2,300 line-kilometres of aeromagnetic and radiometric surveys, and detailed geological mapping. This wealth of data provides a solid foundation for reinterpretation and rapid target generation, positioning Catalina to be the first company in over two decades to systematically drill-test this highly prospective ground.

The acquisition terms include the issuance of 15 million fully paid ordinary shares and up to 135 million performance rights contingent on drilling and resource milestones, subject to shareholder approval. This structure aligns incentives with exploration success and resource definition, underscoring Catalina’s commitment to advancing the project efficiently.

Halo Project Drilling Validates Laverton Potential

Alongside the Pilbara acquisition, Catalina has reported encouraging assay results from its recent reverse circulation drilling program at the Halo Gold Project, part of its broader Laverton portfolio. Early results from three holes confirm significant gold mineralisation with intercepts such as 17 metres at 0.90 grams per tonne from 44 metres depth, and higher-grade zones including 2 metres at 3.79 grams per tonne and 5 metres at 2.62 grams per tonne at greater depths.

The mineralisation is hosted within a deeply weathered dolerite package exhibiting hydrothermal alteration, consistent with other prolific gold systems in the Laverton Tectonic Zone. The Halo Project’s location along the Barnicoat Shear Zone; a structural corridor hosting several significant gold deposits; combined with proximity to established haul roads and processing facilities, enhances its development potential.

Next Steps and Strategic Outlook

Catalina plans to integrate pending assay results from over 1,100 samples into its geological model, followed by petrographic studies to better understand host lithologies and alteration patterns. These insights will guide the design of follow-up drilling aimed at testing strike extensions and mineralisation continuity both laterally and at depth.

Executive Director Ross Cotton highlighted that the Beasley Creek acquisition and Halo drilling results exemplify Catalina’s focused strategy of consolidating under-explored gold belts and rapidly advancing them. The company’s multi-district approach across the Pilbara, Yilgarn, and Laverton regions offers multiple avenues for discovery and value creation.