Amended Corporate Presentation
Released
Released
Announcement PDF
ASX RELEASE.
Amendment to ASX Announcement
ASX Announcement
24 June 2024
Catalina Resources is an
Australian diversified
mineral exploration and
mine development
company.
Directors
Executive Chairman and
Company Secretary
Sanjay Loyalka
Director
Richard Beazley
Director
Michael Busbridge
Director
Martin Bennett
ASX Code
CTN
CONTACT DETAILS
Unit 38
18 Stirling Highway
NEDLANDS WA 6009
T +61 8 61181672
E info@catalinaresources.com.au
Catalina Resources Ltd (“Catalina” or “the Company”) advises it has updated
the announcement released on 20 June 2024 (Corporate Presentation).
The Company retracts the Exploration Results for Kookynie West, Dundas,
Laverton and Lachlan Fold Belt Projects that have been reported by former
owners on Pages/Slide 6, 8 & 10 of the announcement released on 20 June
2024 as the Company has not yet completed work to report these results in
accordance with Chapter 5 of the Listing Rules and the JORC Code 2012. The
figures on Page/Slide 6 & 8 have been appropriately amended to delete this
information from those figures. Additionally, Page/Slide 10 has been deleted
and some relevant information included on Page/ Slide 11. The Disclaimer &
Compliance statement on Page/ Slide 2 & 3 have been amended and now
merged in one page/slide.
Accordingly, the above information that was included in the announcement of
20 June, regarding the Exploration results that were reported by former owners
should be disregarded and investors are not to rely on the information
contained in this retracted statement for their investment decisions.
The amended announcement now includes reference to previous ASX
announcements by the Company where exploration results by the Company
were reported & included in the announcement on 20th June 2024. The
Company confirms that it is not aware of any new information or data that
materially affects the information included in this market release.
The release of this document to the market has been authorised by the Board
of Catalina Resources Ltd
ABOUT CATALINA RESOURCES LTD
Catalina Resources Ltd is an Australian diversified mineral exploration and mine
development company whose vision is to create shareholder value through the
successful exploration of prospective gold, base metals, lithium and iron ore
projects and the development of these projects into production.
Catalina Resources Ltd
ACN: 130 618 683
W: www.catalinaresources.com.au
Corporate Presentation
June 2024
Disclaimer and compliance statement
•
This presentation contains only a brief overview of Catalina Resources Ltd (“Catalina“ and/ or “the Company” ) and its activities and operations. The contents of this presentation, including matters relating
to the geology of the Company’s projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any
independent verification.
•
This presentation contains a number of forward-looking statements. Such statements may include, but are not limited to, statements with regard to intention, capacity, future production and grades,
projections for sales growth, estimated revenues and reserves, targets for cost savings, the construction cost of new projects, projected capital expenditures, the timing of new projects, future cash flow and
debt levels, the outlook for minerals and metals prices, the outlook for economic recovery and trends in the trading environment. Known and unknown risks and uncertainties, and factors outside of the
Company’s control, may cause the actual results, performance and achievements of Catalina to differ materially from those expressed or implied in this presentation.
•
The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent
advice before making any investment decision in regard to Catalina or its activities.
•
The Company confirms that it is not aware of any new information or data that materially affects the information in the original reports, and that the form and context in which the Competent Person’s
findings are presented have not been materially modified from the original reports. Where the Company refers to the Mineral Resources and Ore Reserve Estimates in this report, it confirms that it is not
aware of any new information or data that materially affects the information included in the original reports and all material assumptions and technical parameters underpinning the Mineral Resource
estimate and Ore Reserve Estimates the original reports continue to apply and have not materially changed.
•
This Presentation contains information extracted from Catalina resources Ltd’s ASX market announcements reported in accordance with the 2012 edition of the “Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves” (“2012 JORC Code”). Details of these are listed in the references section of this presentation. These announcements are available for viewing on the
Company’s website. The Company confirms that it is not aware of any new information or data that materially affects the information included in any original ASX announcement.
•
NOT AN OFFER
•
This presentation is for information purposes only. The presentation does not comprise a prospectus, product disclosure statement or other offering document under Australian law or any other law. This
presentation does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in Catalina Resources Ltd.
•
NO LIABILITY
•
Catalina Resources Ltd has prepared this document based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy
or completeness of the information, opinions and conclusions contained in this presentation , nor the future performance of Catalina, and will not be responsible for any loss or damage arising from the use of
the information. To the maximum extent permitted by law, Catalina Resources Ltd, its related bodies corporate and the officers, directors, employees, advisers and agents of those entities do not accept any
responsibility or liability for any loss arising from the use of the presentation or its contents or otherwise arising in connection with it.
Corporate Overview
•
Shares on issue* ~ 1,238 m
•
Options* ~ 32.5 m
•
Cash* ~A$ 2.74 m
•
Investments * *(MGA shares ~A$ 0.24 m)
•
Market Capitalisation * * ~A$ 3.72 m
•
Top 20 Shareholders * * * ~ 51.38 %
* as at 31/03/2024
* * as at 19/06/2024
* * * as at 17/04/2024
▪
Sanjay Loyalka, FAIM, ACA, B.Com (Hons)
Chairman
➢
30 years’ experience in Metals and Mining - Corporate Finance, Commercial and General
Management.
➢
Former roles have included Founder CEO of Aditya Birla Minerals Ltd responsible for acquisition of
Nifty and Mt Gordon Copper mines and development of Nifty Sulphide project (2.5 mtpa
underground copper mine, concentrate plant and infrastructure)
➢
Founder Chairman and CEO of Catalina Resources Ltd
▪
Mr Richard Beazley, B.E. (Mining) (Hons), MBA, MAICD, MAusIMM (CP) Director
➢
Highly experienced mining engineer with a strong technical background and substantial
experience in corporate and operational management and leadership
➢
Managing Director, Troy Resources Limited and Non-Executive Chair, MetalsGrove Mining Limited
➢
Previous roles include Chief Operating Officer for Sandfire Resources ; Managing Director of Peak
Resources Ltd ; General Manager Operations at Consolidated Minerals; General Manager Southern
Cross Operations at St Barbara Limited
▪
Michael Busbridge, MBA., B.Sc. (Hons.), MAIG. MSEG
Director
➢
Exploration and resource development geologist with over 35 years' experience in Australia
▪
Martin Bennett, BSc (Hons), MODG, MAIG
Director
➢
Exploration and resource development geologist with over 30 years' experience in Australia,
Africa, Canada and SE Asia.
➢
Former roles include General Manager Exploration for Endeavour Mining Corporation (West
Africa) (TSX: EDV), Exploration Manager Aditya Birla Minerals , Exploration Manager BCI Minerals
Project Portfolio
Catalina
Resources
GOLD / BASE
METALS/
REE/LITHIUM
Lachlan Fold
Belt
Laverton
Kookynie West
IRON ORE
Dundas
Nelson Bay
Laverton Project
•
Located within the Laverton Gold Province, an exceptionally well
mineralised terrain in the Eastern Goldfields, Western Australia
•
A compilation and review of previous exploration and reimaging of the
aeromagnetic data has identified gold, nickel and rare earth (REE) targets:
➢ Gold: Shear zone hosted gold within the Barnicoat Shear Zone,
southeast of the Lily Pond Well gold resource1 and along strike of the
Ida H2 and Mon Ami3 resources
➢ REEs: Eight possible Mt Weld style magnetic carbonatitic bodies
related to the large carbonatite intrusion at the nearby Mt Weld
world class REE deposit
➢ Nickel sulphide: Historical drilling intersected anomalous nickel
geochemistry within the Pelican Ultramafic Unit, southwest of the
Pelican Laterite Nickel resource4 within E38/3697
Laverton Project
•
Air core drilling in February 2024 by Catalina intersected gold and REE
•
Mineralized gold intervals returned best results including 6 :
➢
LVAC009
1m @ 2.42g/t Au from 75m
➢
LVAC012
3m @ 1.07g/t Au from 49m
•
Gold mineralization is associated with veining and alteration within the
NNW trending Barnicoat Shear Zone
•
Mineralized REE intervals returned best results including 6 :
➢
LVAC023
1m @ 16,426ppm TREO from 28m
➢
LVAC022
1m @ 2,633ppm TREO from 37m
➢
LVAC022
5m @ 2,777ppm TREO from 52m
➢
LVAC009
1m @ 7,220ppm TREO from 43m
➢
LVAC009
4m @ 2,506ppm TREO from 75m
•
REE mineralisation is hosted by intrusive rocks just 2km to the north of
the Mt Weld carbonatite REE mine
•
Several small diameter bullseye aeromagnetic anomalies were drill
tested and could be related to the Mt Weld carbonatite
❖ Follow up air core drilling is planned to better delineate gold and REE targets
prior to possible RC drilling – scheduled for mid 2024
Lachlan Fold Belt Project
Rock Lodge
•
•
•
•
•
Historic workings were focussed on several gossanous trends in a sequence of
siltstones, sandstones and shale
An induced polarisation survey identified several strong chargeability anomalies
Soil sampling conducted by Catalina highlighted a gold anomaly 450m x 100m
centred on a best result of 1.29 g/t Au 9
Catalina completed a 15-hole RC drilling (including 2 pre-collars for deeper
diamond drilling) in April 2022 8:
➢ Intersected multiple stacked gold and silver lenses
➢ The deepest hole, SRLRC005 intersected 4 separate mineralised zones from
75m to 99m downhole (including 2m @ 2.13 g/t Au and 2m @ 2.12 g/t
Au)
➢ At the end of SRLRC005 at 102m, rocks were still showing signs of pervasive
hydrothermal alteration
➢ West of SRLRC05, Catalina’s drilling has intersected mineralisation in
SRLRC02 (8m @ 1.08 g/t Au including 3m @ 2.12 g/t Au)
➢ Intersections from Catalina’s holes SRLRC02 to SRLRC05 in conjunction with
the historical drilling (including MYRC01) constitute a very wide (60m)
mineralised envelope
Apart from Au and Ag, the mineralisation includes varying amounts of Bi, As, Cu,
Sb, Pb, Cd and Zn 8
❖ Diamond drilling scheduled for spring season of 2024 after completion of site
works in accordance with the AHIP (Aboriginal Heritage Impact Permit) as well as
the wet winter season
Lachlan Fold Belt Project
Rock Lodge
•
Rock Lodge has possible affinity with the Intrusion Related Gold System
(IRGS) style of gold mineralization
•
The multiple sulphide veins with gold and elevated bismuth and copper
may represent mineralization above an intrusion at depth
•
Mineralisation associated with the intrusion represents a bulk tonnage
target
Rock Lodge – IRGS conceptual model
Dundas Project
➢
Two granted exploration licences (E63/2046 and E63/2048) and two
applications (E63/2136 and E63/2227) in the Albany Fraser Orogen (AFO) are
interpreted to occur along strike of the well-endowed Boulder Lefroy Fault Zone
and the Zuleika Shear
❖ Large lithium in pegmatite deposits are spatially related to these
mineralised structures to the north of Catalina’s tenure- Liontown
Resources's Buldania Lithium Project (15Mt at 1.0% LiO2)5
❖ Pegmatites have been recorded from historical drill logs proximal to
these structures within Catalina’s tenure
➢
Air core drilling in Dec 2022 by Catalina intersected TREOs grades exceeding 1% 7
❖ Hole 22DAC095 intersected 3m @ 0.92% TREO, including 1m
@ 1.78% TREO
❖ Adjacent holes (100m apart) are also very anomalous
❖ Hole 22DAC066 intersected 2m @ 1.02% TREO. This hole
also contained 2m @ 0.18% TREO in the bedrock at the EOH
❖ Very high Nd₂O₃ assays received with up 0.35% intersected
in 22DAC095 and 0.23% in hole 22DAC066
❖ Latest assays confirm a valuable Heavy Rare Earth Element
ratio of 19% HREO/TREO and critical magnet metals NdPr +
DyTb ratio of 24% of TREO
➢
Tenements wholly within Dundas Nature Reserve
❖ Requires Ministerial approval of a CMP (Conservation
Management Plan) for each phase of proposed exploration
Nelson Bay Iron Project
•
Developed from initial DSO discovery in 2010 to production in 2013 in Benchmark cost and time - First
company to mine DSO Iron Ore in Tasmania
•
Proximal to Savage River Magnetite (Grange Resources , ASX : GRR)
•
DSO Iron Ore production and shipments - November 2013 to June 2014
➢ Approximately 58% Fe
➢ Low alumina
➢ Iron Ore Lump (approximately 40% by volume)
➢ Costs of approximately AUD $72 per tonne FOB Burnie Port*
➢
5 shipments made to China; product well accepted
•
Care and maintenance since June 2014
•
Incremental infrastructure required to be developed for restart
* as derived from 2014 Annual Report to Shareholders
Nelson Bay Iron Project
▪
▪
Current Development Proposal – DSO Project
➢ Recommence previously developed DSO Pit under EPBC 2011/5846
➢ Deepening of existing DSO Pit (~30m) to approximately 80m
➢ Over previous cleared disturbed area (~64ha) plus insignificant new
clearing (~3ha) for a total approximately 67 ha
Re-permitting
➢ Development Application made to Council in August 2018 for new permit
for DSO operations only to replace old permit issued in 2012
➢ Draft DPEMP accepted by EPA as prepared in accordance with the
guidance - advertised between December 2021 and February 2022 for
Public Consultation
➢ EPA advised in March 2022 that current proposal before the EPA (DA
18/059) should be referred under the EPBC Act, specifically in relation to
the potential for water discharge to impact the Giant Freshwater Crayfish
(GFC)
➢ DCCEEW issued EPBC Referral Decision in November 2023, that the
proposed action is a controlled action to be assessed by EIS
➢ Guidelines to prepare EIS issued by DCCEEW at the end May 2024
➢ The Company is initiating base line data collection as required by EIS
Guidelines
Kookynie West Project
Golden Chimney
•
Tenement is located south of Leonora in close proximity to Genesis Metals UlyssesOrient Well project and Metalicity’s Kookynie project
•
Project covers a folded sequence of dolerite and basalt in the core of a regional
scale fold
•
Gold mineralisation is hosted by differentiated granophyric units within a dolerite.
A common setting for gold mineralization e.g. Mt Charlotte Mine in Kalgoorlie
•
Gold targets located where NNW trending faults intersect the brittle granophyric
dolerite
•
Reconnaissance mapping has recorded abundant pegmatite dykes within E40/378
on the western side of tenement
Strategy
Project incubation (identify
and acquire portfolio of under
explored projects)
Advance projects using
modern exploration
techniques
Realise value
development, mining, JV, sale
❖ The Company has built a portfolio of projects in highly prospective terranes
➢ FY 2019 : Kookynie West
➢ FY 2021 : Lachlan Fold Belt
➢ FY 2022 : Dundas
➢ FY 2024 : Laverton
❖ Process of continuous evaluation and prioritisation of its project portfolio
➢ FY 2022 : Divest Arunta JV to MetalsGrove Mining Ltd (ASX: MGA). Retained exposure via substantial shareholding
❖ Action Plans
➢ Air core drilling planned at Laverton Project - to better delineate gold and REE targets prior to possible RC drilling - scheduled for mid-2024
➢
Diamond drilling planned at Rock Lodge – Lachlan Fold Belt Project - scheduled for spring season of 2024 after completion of site works in accordance with the
AHIP (Aboriginal Heritage Impact Permit) as well as the rainy winter season
➢
Initiating base line data collection at Nelson Bay Iron Project as required by Guidelines to develop EIS.
➢
Pursuing approval of Conservation Management Plan at Dundas Project to enable further exploration .
➢
Business Development: continues to seek new projects to build the project pipeline (early stage to advanced).
Connect with us
Unit 38, 18 Stirling Highway
Nedlands, WA 6009
T:
+61 8 6118 1672
E:
info@catalinaresources.com.au
W: www.catalinaresources.com.au
References
1 Westaway, J., Lily Pond Well Project: Annual Report for period 1 Jan 1999 to 31 Dec 1999. Sons of Gwalia WAMEX Report 1999 (A60870).
2 Ida H Gold Mine: Mindat (https://www.mindat.org/loc-268922.html).
3 Great Southern Mining Ltd (ASX: GSN) announcement, 21st July 2021; Indicated Mineral Resource Mon Ami.
4 Storey, C. 2001. Technical Report 1167. Third Annual Report, Pelican Project. Anaconda Nickel WAMEX report A 62927.
5 Buldania Lithium Project (April 2021), Mineral Resources, Reserves and CP Statements. Liontown website: https://www.ltresources.com.au
Further details of Catalina Resources Ltd exploration results referred to in this presentation can be found in the following announcements lodged on the ASX:
6
3-June-2024
7
2-May-2023
8
31-May-2022
9
25-Oct-2021
Resampling Upgrades Gold and REE Targets at Laverton
Air core re-splits reveal assays exceeding 1% TREO at Dundas
RC Drilling hits multiple Gold, Silver, base metal lenses
Gold Mineralised Trend Confirmed at Lachlan Fold Project
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