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.