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‘Disciplined step forward’: Catalina kicks off drilling at Breakaway Dam

ASX News, Materials
ASX:CTN      MCAP $13.45M
04 March 2026 09:37 (AEDT)

Catalina Resources is spinning the bit at Breakaway Dam.

Catalina Resources (ASX:CTN) has commenced RC drilling at the Breakaway Dam copper project in Western Australia. The program will test high-priority drill targets identified in geophysical interpretation, which also lifted the company’s confidence in the prospectivity of the underlying VMS system.

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The company’s executive director, Ross Cotton, said the initial program is targeting 12 drill holes for approximately 3,160 metres, with scope to expand subject to specialist geological advice and results as drilling progresses.

“The commencement of the drill program represents a disciplined step forward in Catalina’s evaluation of the Breakaway Dam copper-VMS system,” he said.

“Our targeting strategy is grounded in the integration of geological observations and DHEM data, which increasingly indicate that previous drilling intersected the margins of the conductive system rather than its core.”

A focus will be on the BDCRC26016 drillhole, which has been designed as a multi-plate conductor test to provide a direct assessment of zones where sulphide thickening and metal tenor may be enhanced.

“In parallel, the broader drill program is structured to improve confidence in system continuity and scale,” Mr Cotton said.

Located in the rich West Yilgarn Craton, Breakaway Dam is a copper-dominant VMS system supported by strong technical foundations and demonstrated exploration momentum.

Ongoing integration of geological observations with geophysical datasets has progressively refined the company’s understanding of the mineralised system.

Recent drilling established copper-VMS-style sulphide mineralisation over 700 metres of strike, while geological and geophysical interpretation indicates the broader conductive and prospective horizon extends beyond this area.

The mineralised corridor remains open along strike, Catalina pointed out, with large portions of the interpreted trend subject to only limited or no effective drill testing. At a project scale, the prospective stratigraphic position is interpreted to extend for at least 16km in Catalina’s tenure, highlighting the potential for additional sulphide accumulations along the broader system.

CTN was down -20.9% yesterday, to 8.7c.

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