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Catalina Resources Ltd (ASX:CTN)

ALERT: Price-sensitive ASX Announcement for CTN
Current share price for CTN : $0.049 0.003 (6.52%)+
Announcement
Release
23 Jul 2026 9:18AM
Price at Release
$0.046
Full Release
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Summary
Catalina Resources Ltd's quarterly report details ongoing exploration projects and financial activities. The company reported a net cash use in operating activities and significant exploration expenditures predominantly in Western Australia. Although no substantive mining or production activities were undertaken, Catalina maintains a strong position with numerous pending and active tenements. The company has several exploration projects underway, including Santy Well and Peak Hill. Payments to related parties were noted, and the company holds significant cash reserves. Catalina also retains bank guarantees with Mineral Resources Tasmania.
Key Points
  • Net cash from operating activities was reported as negative, indicating a use of cash.
  • Significant exploration expenditure was primarily in Western Australia.
  • No substantive mining production and development activities were conducted during the quarter.
  • Payments to related parties totaled approximately $93,733.
  • The company has several pending and live mining tenements across Western Australia.
  • Catalina Resources Limited retains bank guarantees with Mineral Resources Tasmania.
  • The company is involved in various exploration projects including Santy Well, Warriedar, Peak Hill, and Deflector North.
  • Historical exploration data reviews continue to inform future exploration strategies.
  • The company's financial standing at the end of the quarter included cash reserves of $1.722 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.