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Catalina Resources (ASX: CTN) has strengthened its understanding of the Flamingo target at its Beasley Creek project in Western Australia following a geological review.
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Executive director, Ross Cotton, said Catalina now interprets Flamingo as a compelling copper-gold VMS-style target, significantly upgrading Beasley Creek from a single-model gold project to a multi-commodity volcanic– hydrothermal opportunity.
“The refinement of the Flamingo model is a material step forward for Beasley Creek and reinforces the purposeful direction Catalina has taken with its portfolio,” he said.
“We already have a confirmed VMS system at Breakaway Dam, and recognising VMS-style characteristics at Flamingo strengthens our conviction that the Company is building meaningful exposure to copper through technically grounded opportunities.”
Mr Cotton said VMS systems are attractive for their potential scale, metal zonation and repeatability within defined volcanic corridors.
“The coherent magnetic architecture, multi-element geochemical support and structural setting at Flamingo provide a compelling basis to advance drilling with confidence,” he said.
“Importantly, this is not a single-commodity story. While the VMS interpretation introduces clear copper potential, the orogenic overprint and regional setting mean the gold upside remains intact. If validated through drilling, Flamingo has the potential to materially enhance both the copper and gold opportunity within Catalina’s portfolio.”
Mr Cotton told shareholders the refined geological model materially expands the project’s commodity exposure beyond gold alone and increases the potential scale of the opportunity, positioning Flamingo as a system rather than a single-model gold target.
The company is preparing for an RC drilling program to test predicted VMS footwall positions.
Mr Cotton said drilling will allow the company to distinguish between primary VMS mineralisation, orogenic remobilisation, or a hybrid system involving both processes.
Catalina has confirmed it will be applying for co-funding under the current round of the WA government’s Exploration Incentive Scheme (EIS) to support the initial drilling program at Beasley Creek.
CTN is up 2.67% to 7.7¢. Mkt cap $11.21M.
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