Catalina Resources Ltd. provided an update on the recently completed 105-hole air core drilling program for 2684 m at Dundas. Air core hole 22DAC016 was part of a 105-hole air core drill program completed at the Dundas Project in December 2022. The Dundas Project is in an underexplored green fields region in the Albany Fraser Belt of WA.

The multi element assays (including Base Metals, Be Li, Ta, Cs, REEs) from the air core drilling program discussed above are expected to be received in coming weeks. Meanwhile, the Company has been completing desktop studies of geological observations including photos of all drill samples as well as drill logs. Within hole 22DAC016, in the downhole interval from 30-35m (EOH), pegmatite containing a blue green mineral was intersected.

Geologically this has been interpreted as the mineral beryl (variety known as aqua marine), pending confirmation by assays. Such occurrences of accessory minerals are important to recognising the mineralisation potential of the pegmatite. These minerals may suggest that the late-stage crystallising residual or pegmatitic melt, derived from the main granitic magma, may have been enriched in incompatible elements including Li, Be, B, Cs, Rb, Ta and REEs.

Pegmatites are a zoned intrusive rock. This implies that their chemical complexity, texture, and mineralogy will change with increasing distance from their granitic source. Hence the mineralogy at the Dundas target may change from a mineralogy that is Be enriched (beryl) to a mineralogy that contains Li enriched minerals (spodumene), or other minerals, over an unknown distance.

Beryllium Uses. Beryllium is a steel-grey, low-density metal that is hard and brittle at room temperature and has a high melting point (1,287°C). Beryllium is used in telecommunications equipment, automotive electronics, and aerospace, defence, and industrial components.

Beryllium mirrors are used in satellites where low weight and long-term dimensional stability are critical in extreme cold conditions. Beryllium is on the list of Australia's critical minerals, a list produced by the Australian Government in 2022, aimed at a strategy to put Australia at the centre of meeting the growing global demand of critical minerals. There is no recorded production data of beryllium in Australia.

Worldwide production is 240 tonnes. Notable gemstones high in beryllium include beryl, aquamarine and emerald. Next Steps.

The multi element assays (Base Metals, Be Li, Ta, Cs, REEs) from the air core drilling program discussed above are expected to be received in coming weeks. Once assays are received, the company will decide to follow up exploration plans for the area. The release of this document to the market has been authorised by the Board of Catalina Resources.