Announcement PDF Catalina Resources | Badja Gold Project Acquisition 1 A GROWING MID WEST GOLD STORY The Badja Acquisition - A 90,358oz Gold Resource with Significant Growth Potential November 2026 ASX:CTN Catalina Resources | Badja Gold Project Acquisition 2 DISCLAIMER This presentation has been prepared by Catalina Resources Ltd (“Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentation, or any information provided in connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters. No representation or warranty (whether express or implied) is made by the Company or any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability of any estimates, forecasts or projections set out in this presentation. This presentation is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in the presentation and make your own independent decisions about the affairs, financial position or prospects of the Company. The Company reserves the right to update, amend or supplement the information at any time in its absolute discretion (without incurring any obligation to do so). Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the maximum extent permitted by law, expressly disclaimed and excluded. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in the Company. DISCLAIMER ASX Listing Rule 5.23.2 The Company confirms that it is not aware of any new information or data that materially affects the information included in this announcement. No exploration data or results is included in this document that has not previously been released publicly. All data or results in this announcement was released to the ASX on 10 November 2026. Future Matters This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of the Company. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks. The performance and operations of the Company may be influenced by a number of factors, many of which are outside the control of the Company. No representation or warranty, express or implied, is made by the Company, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause the Company’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended. US Disclosure This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“Securities Act”). The Company’s shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers. 3 Catalina Resources | Badja Gold Project Acquisition Corporate Overview SHARE PRICE $0.055 MARKET CAPITALISATION $20.35m CASH AT BANK (pro forma) ~$2.46m ENTERPRISE VALUE $20.35m SHARES ON ISSUE 369,913,777 LISTED OPT. ON ISSUE LISTED OPT. TERMS COMPANY TICKER 150,002,426 $0.115 exp 22/05/27 ASX:CTN ROSS COTTON EXECUTIVE DIRECTOR Experienced corporate executive with more than 20 years in the resources sector, specialising in project development, corporate finance, and capital markets. Ross has held executive and board roles across a range of ASX-listed companies, with a focus on identifying and advancing exploration assets, building high-performing teams, and securing funding to support growth. JADE SMITH EXECUTIVE DIRECTOR Jade is an accomplished executive with more than 25 years’ experience in operational leadership, business transformation and complex project delivery. He has advised ASX- listed resources companies and commercial organisations on operational performance, governance & execution. He has a strong record of building high- performing teams, managing regulatory, heritage and compliance obligations, and turning strategy into results. DR. NISHKA PIECHOCKA CHIEF GEOLOGIST PhD-qualified geologist with 20 years experience across gold, tungsten, rare earths, copper and iron ore, spanning exploration, resource development and mine geology. Her career includes roles with Rio Tinto and BHP together with private exploration and consulting experience. She has led complex exploration programs and brings strong technical and commercial capability to project advancement. Nishka is currently Vice President of the Australian Institute of Geoscientists. KARL SIMICH NON-EXECUTIVE CHAIRMAN Mining executive with over 40 years’ experience in corporate finance and international resource company leadership. He was the founder of Sandfire Resources (ASX: SFR), where he led the discovery, development and operation of the high-grade DeGrussa Copper-Gold Mine. Karl is a Fellow of the Institute of Chartered Accountants and the Financial Services Institute of Australasia. Catalina Resources | Badja Gold Project Acquisition 4 Building a Mid-West Gold Business Catalina’s gold portfolio balances district-scale potential, resource growth upside and existing future production pathways. A Transformational Acquisition Established gold resources and a staged pathway to growth THE PROJECT Binding agreement to acquire the Badja Gold Project in WA’s Mid- West. Two granted Mining Leases, one pending Mining Lease and three Exploration Licences RESOURCE CENTRES Four gold resource centres: Gnows Nest, Monte Cristo, Flying Emu and Water Tank EXPLORATION TARGET DRILLING Proposed 15,000m drilling campaign over six months; initial focus on Gnows Nest PROCESSING Regional processing infrastructure provides potential development options BADJA GOLD PROJECT RESOURCE JORC 2012 Mineral Resource: 1.11Mt @ 2.52g/t Au for 90,358oz 0.8–1.7 Mt @ 4.4–5.7 g/t Au for approximately 109,000– 303,000oz Au Catalina Resources | Badja Gold Project Acquisition 5 BADJA GOLD PROJECT Existing Mineral Resource - It’s only The Beginning JORC 2012 • Indicated and Inferred DEPOSIT CLASSIFICATION TONNES AU G/T OUNCES SHARE OF OUNCES Gnows Nest Indicated 428,762 4.32 59,551 Monte Cristo Indicated 492,805 1.43 22,657 Flying Emu 115,729 1.75 6,500 Water Tank 77,378 0.66 1,650 TOTAL 1,114,674 2.52 90,358 Gnows Nest / Monte Cristo: Cadre estimate. Flying Emu / Water Tank: LBC Resources estimate. Mineral Resources for Gnows Nest and Monte Cristo are reported for all blocks within mineralisation wireframes interpreted at a nominal 0.2 g/t Au threshold; Flying Emu and Water Tank Mineral Resources reported above a 0.5 g/t Au cut-off. Inferred Inferred Catalina Resources | Badja Gold Project Acquisition 6 Badja Gold Project Historical high-grade gold project in WA’s Mid-West STRATEGIC AQUISITION ESTABLISHED GOLD DISTRICT 28koz @ ~22g/t Au STRATEGIC MID-WEST LOCATION · DISTANCE FROM BADJA Yalgoo ~30km SE Geraldton ~220km E Kirkalocka processing hub ~260km Perth ~390km NNE Proximity to processing infrastructure: ~260km to Kirkalocka Historic production from the Gnows Nest gold mine, the centre of Badja Catalina Resources | Badja Gold Project Acquisition 7 Badja Gold Project STRATEGIC AQUISITION The Badja Gold Project is strategically positioned within Western Australia's established Mid-West gold mining district, surrounded by significant operating mines, development projects and existing or proposed gold processing infrastructure. SIGNIFICANT REGIONAL OPERATIONS AND INFRASTRUCTURE INCLUDE: ASX: CMM Capricorn Metals Limited PROPOSED Golden Range and Fields Find Gold Projects 1.5–2.5Mtpa ASX: CMM Capricorn Metals Limited Mt Gibson Gold Project 5.0Mtpa ASX: VAU Vault Minerals Limited Deflector Gold Mine 0.8Mtpa Kirkalocka Gold Processing Plant ASX: 29M 29Metals Limited Golden Grove Mine 1.8Mtpa ASX: CMM Capricorn Metals Limited PROJECTED CAPACITY Golden Range & Fields Find Gold Projects 1.5 – 2.5Mtpa 2.0Mtpa PRIVATE Catalina Resources | Badja Gold Project Acquisition 8 BADJA GOLD PROJECT Exploration Target JORC 2012 DEPOSIT TONNES (KT) LOWER UPPER GRADE (G/T AU) LOWER UPPER OUNCES (KOZ) LOWER UPPER OUNCES RANGE Gnow's Nest 572 1,176 5.5 7.3 101 275 Monte Cristo 208 486 1.2 1.8 8 28 TOTAL 780 1662 4.4 5.7 109 303 Lower Upper Cautionary statement: The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the areas comprising the Exploration Target, and it is uncertain whether further exploration will result in the estimation of a Mineral Resource. The Exploration Target is separate from, and additional to, the existing Indicated and Inferred Mineral Resources reported for the Badja Gold Project in accordance with the JORC Code (2012). The Exploration Target does not constitute a Mineral Resource or Ore Reserve. Catalina Resources | Badja Gold Project Acquisition 9 Gnows Nest High-grade core and initial resource growth focus HISTORIC PRODUCTION Five historic underground levels; mineralisation remains open at depth Historical Drilling Results Include: INDICATED Indicated: 428,762t @ 4.32 g/t Au for 59,551oz Historic production: approximately 27,925oz at 21.85 g/t recovered Au BADJA GOLD PROJECT 13m @ 13.73 g/t Au from 39m, including 2m @ 76.24 g/t Au from 43m (18GNRC048); 3m @ 42.18 g/t Au from 77m, including 2m @ 61.11 g/t Au from 78m (21GNRC138); 9m @ 11.67 g/t Au from 47m, including 5m @ 20.70 g/t Au from 47m (GNRC026); 4m @ 20.40 g/t Au from 51m, including 2m @ 37.14 g/t Au from 52m (21GNRC137); 7m @ 10.12 g/t Au from 131m, including 1m @ 40.38 g/t Au from 131m (22GNRC239); 2m @ 11.43 g/t Au from 208m, including 1m @ 15.68 g/t Au from 208m (21GNRC232). EXPLORATION TARGET 572-1,176kt @ 5.5-7.3 g/t Au for 101-275koz Au Catalina Resources | Badja Gold Project Acquisition 10 Gnows Nest: Extension Opportunity SURFACE Historic underground workings extend to approximately 135m below surface ~135m ~200m Drilling has intersected mineralisation approximately 200m below surface Initial drilling to test strike and down-plunge extensions Up to ~15,000m of drilling planned, to commence January 2027 – site prep to be completed prior to end of 2026 Gnows Nest longitudinal section showing the Mineral Resource block model coloured by estimated gold grade-thickness (g·m), historical underground workings and drill intercept locations. BADJA GOLD PROJECT CHANNEL SAMPLING Level 5 historical channel sampling includes 1.42m @ 88.89 g/t Au (from sample GN-222-64) DEPTH INTERCEPT 2m @ 11.43 g/t Au from 208m in hole 21GNRC232 Mineralisation identified across much of the lowest underground level, averaging approximately 19.5 g/t Au over sampled widths of 1.5m and never followed up. Catalina Resources | Badja Gold Project Acquisition 11 Monte Cristo Second Indicated gold resource centre MINERAL RESOURCE Indicated: 456,053t @ 1.50 g/t Au for 21,994oz TUNGSTEN Historic tungsten mineralisation provides additional evaluation opportunity Historical Drilling Results Include: BADJA GOLD PROJECT • 3m @ 13.35 g/t Au from 67m, including 1m @ 19.90 g/t Au from 68m (21MC001); • 6m @ 6.51 g/t Au from 120m, including 1m @ 22.77 g/t Au from 121m (21MC011); • 4m @ 9.74 g/t Au from 32m (4m composite sample) (21MC022); • 2m @ 6.47 g/t Au from 69m, including 1m @ 12.38 g/t Au from 69m (21MC002). EXPLORATION TARGET 208-486kt @ 1.2-1.8 g/t Au for 8-28koz Au Catalina Resources | Badja Gold Project Acquisition 12 Flying Emu Shallow Gold with Tungsten Upside INFERRED Flying Emu: 115,729t @ 1.75 g/t Au for 6,500oz FLYING EMU HISTORIC INTERCEPT Historical drilling at Flying Emu has identified encouraging tungsten mineralisation. NEXT STEPS BADJA GOLD PROJECT Potential to test extensions to known mineralisation Additional geological evaluation and prioritised drilling planned • 9m @ 3.44g/t Au from 39m inc 2m@10.14g/t Au from 39m (22FERC001); • 2m @ 3.17 g/t Au from 32m (22FERC004); • 3m @ 1.23 g/t Au from 61m (22FERC002); Shallow historical drilling outside the current Flying Emu MRE returned gold mineralisation and represents a target for follow-up drilling: 20m @ 1.57 g/t Au from surface, incl 4m @ 3.79 g/t Au from 12m (MCRB008); and 1m @ 8.36 g/t Au from 27m (22BAC100). Catalina Resources | Badja Gold Project Acquisition 13 Water Tank Shallow, High-Grade intercepts, Starting Resource INFERRED Water Tank: 77,378t @ 0.66 g/t Au for 1,650oz WATER TANK HISTORIC INTERCEPTS NEXT STEPS BADJA GOLD PROJECT Follow up high-grade intercepts to test for extensions Geological review to prioritise drilling targets • 2m @ 9.94 g/t Au from 51m, including 1m @ 19.35 g/t Au from 51m (21WTH001); • 2m @ 3.77 g/t Au from 51m, including 1m @ 6.01 g/t Au from 52m (21WTH004); • 6m @ 1.12 g/t Au from 29m, including 1m @ 2.30 g/t Au from 32m (21WTH005); Historical drilling north of the current Water Tank MRE has also returned high-grade intervals that are not included in the resource and represent priority targets for follow-up drilling. These include; 2m @ 4.35 g/t Au from 30m, including 1m @ 7.81 g/t Au from 30m (GN15); 3m @ 2.28 g/t Au from 38m, including 1m @ 3.66 g/t Au from 38m (GN16); and 2m @ 3.04 g/t Au from 65m, including 1m @ 5.17 g/t Au from 66m (GN14). Catalina Resources | Badja Gold Project Acquisition 14 Resource Growth Strategy BADJA GOLD PROJECT PRIOR ITY 1 Priority 1 Gnows Nest: strike and depth extension drilling PRIOR ITY 2 Priority 2 Gnows Nest: targeted infill to enhance geological confidence PRIOR ITY 3 Priority 3 Monte Cristo: extensions and tungsten assessment PRIOR ITY 4 Priority 4 Flying Emu and Water Tank: targeted resource growth THEN Integrate new drilling with existing geological models Updated MRE timing to be confirmed post results from upcoming drilling campaigns Catalina Resources | Badja Gold Project Acquisition 15 Development Pathway BADJA GOLD PROJECT 1 Complete transaction and commence priority resource drilling 2 Update geological interpretation and Mineral Resource Estimate 3 Advance geotechnical, metallurgical, environmental and mining studies 4 Assess open-pit and underground development scenarios 5 Evaluate potential third- party processing arrangements A staged, study-led approach rather than an assumed production outcome OBJECTIVE Objective: progress towards mining-ready status within 12 months, subject to studies and approvals Indicative 18-Month Badja Work Program and Catalysts BADJA GOLD PROJECT Workstream Key Activities Q1 (0–3 months) Q2 (4–6 months) Q3 (7–9 months) Q4 (10–12 months) Q5 (13–15 months) Q6 (16–18 months) Resource & Mine Definition Targeted drilling (Gnows Nest and Monte Cristo) Close drilling gaps and infill Resource expansion (along strike and at depth) Regional exploration; Flying Emu, Water Tank & other targets Update geological and resource models Development Studies Review existing mine planning (open pit & underground) Geotechnical and hydrogeological studies Metallurgical test work Assess development options and update economics Approvals Review existing approvals, tenure and requirements Environmental and heritage approvals (as required) Other permits and regulatory requirements Processing & Commercial Assess regional processing options (toll treatment / ore sale) Haulage and infrastructure assessment Indicative operating cost review Contractor engagement and pricing The work program and timing are indicative only and subject to completion of the acquisition,exploration results, funding, regulatory approvals and ongoing technical evaluation. Activities may be undertaken concurrently and the timing and scope of individual activities may change as results become available. Catalina Resources | Badja Gold Project Acquisition 17 Catalina Mid-West Portfolio Badja establishes a resource platform alongside exploration assets RESOURCE PLATFORM Badja established gold resource and priority drilling EXPLORATION Kirkalocka gold targets at Highway, Capra, Avis and Two Mile Bore EXPLORATION Pithara historic high-grade gold intercepts and planned follow-up EXPLORATION Tallering tungsten-polymetallic exploration potential EXPLORATION Warriedar & Boodanoo early-stage geological evaluation Portfolio Approach: Resource growth, exploration discovery and staged development CATALINA RESOURCCES Catalina Resources | Badja Gold Project Acquisition 18 Kirkalocka Proximal to the Kirkalocka processing plant 2.0Mtpa Being refurbished & recommissioned by Glyden Resources FAVOURABLE GEOLOGY Southern Wydgee–Meekatharra Greenstone Belt, where structurally controlled gold is associated with fold closures, shear zones & favourable granite-greenstone contacts. ~240koz Au Mineral Resource at the adjacent Kirkalocka Gold Mine MULTIPLE PRIORITY PROSPECTS Capra Avis 2 Mile Bore Identified through geological mapping, geochemistry and geophysics. MID-WEST GOLD Building a Regional Gold Hub in WA’s Mid West 19 Catalina Resources | Badja Gold Project Acquisition Why Invest in Catalina? CATALINA RESOURCES EXPLORATION UPSIDE 1 Open at depth Exploration Target of 109,000– 303,000oz Au, additional to the 90,358oz Au resource. Gnows Nest has produced ~28koz @ ~22 g/t Au. BUILDING SCALE 2 Growing our footprint Badja, Kirkalocka, Pithara, Tallering, Warriedar and Boodanoo to form a Mid-West portfolio, with Catalina looking to expand its land holding. SOLID MANAGEMENT 3 Proven team Chairman founded Sandfire (DeGrussa); Chief Geologist ex- Rio Tinto and BHP. Experienced Executive Directors with solid track record of success EXISTING PROCESSING 4 Fast track to production Processing options in close proximity support toll treatment or ore sale; mining-ready targeted in 12 months, subject to approvals. THE OPPORTUNITY Established 90,358oz resource base in WA’s Mid-West gold district Resource growth plus a staged, study-led path to production 20 Catalina Resources | Badja Gold Project Acquisition COMPETENT PERSONS STATEMENT The information in this announcement that relates to historical exploration results has been reviewed by Dr Nishka Piechocka, PhD, Vice President of the Australia institute of Geoscientist (AIG) and a full-time employee of Catalina Resources Limited. Dr Piechocka has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). The information in this report that relates to Exploration Targets and Mineral Resources for Gnows Nest and Monte Cristo is based on information compiled by Mr Ben Pollard, a Competent Person who is a Member of the Australian Institute of Mining and Metallurgy (Member No. 224945). Mr Pollard is an experienced mining geologist and a Director of Badja Gold Pty Ltd, and the report was prepared by Cadre Geology and Mining Pty Ltd. Mr Pollard has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). The information in this announcement that relates to the Mineral Resource Estimates for the Flying Emu and Water Tank deposits is based on, and fairly represents, information and supporting documentation compiled by Mr Steven Le Brun, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and a Fellow of the Australian Institute of Geoscientists (FAIG). Mr Le Brun is a director and principal resource geologist of LBC Resources Pty Ltd. Mr Le Brun has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the JORC Code. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from original market announcements. +61 8 6188 8181 info@catalinaresources.com.au Level 2/22 Mount Street Perth, WA 6000 catalinaresources.com.au ASX:CTN