Catalina Resources (ASX:CTN) has moved to strengthen its portfolio with the acquisition of 100% of the Breakaway Dam Copper Project, a drill-ready, copper-dominant VMS system, and 100% of Auric North, creating a second district-scale gold platform in Western Australia.
Breakaway Dam, previously held by Forrestania Resources, features confirmed sulphide mineralisation, with recent diamond drilling intersecting broad higher-grade copper zones including 0.95m at 1.18% Cu and 1.7m at 1.05% Cu, as well as high-grade stacked sulphide intervals of 1.47m at 1.67% Cu, highlighting a robust pipeline of follow-up targets.
The acquisition complements Catalina's gold assets, including its Central Yilgarn projects, and provides leverage to structurally constrained copper markets, supported by board-level experience from Chairman Karl Simich, founder of Sandfire Resources.
Simultaneously, Auric North offers approximately 45,000 hectares of highly prospective Mid-West gold tenements, with historical intercepts of up to 10m at 1.43 g/t Au, including 5m at 2.7 g/t Au, and proximity to established operations such as Deflector and Big Bell.
The transactions, structured primarily through equity and options issuance, preserve Catalina's capital flexibility while enabling a staged, value-driven exploration strategy.
In parallel, a strategic placement of $0.5 million from Newcam Minerals further strengthens the balance sheet, supporting ongoing drilling and near-term exploration programs.
According to Executive Director Ross Cotton, these acquisitions reflect a disciplined approach to portfolio optimisation, positioning Catalina to advance both copper and gold growth platforms in proven, high-potential regions of Western Australia.
At the time of reporting, Catalina Resources' share price was $0.090.