Catalina Resources provided an update at the Dundas Project. Follow up sampling of anomalous air core composite samples is complete with the collection of the 1m re-splits. Samples containing the blue green mineral were re-collected from the on-site sample piles.

They are being scrutinised by further studies, including X-ray diffraction analysis (XRD) to determine its composition and identification. A soil geochemistry traverse was completed over air core hole 22DAC095. This hole intersected the highest grades (4m @ 0.8% TREO) and presents an ideal opportunity to trial low-level soil geochemistry.

The maiden 105-hole air core drill program was completed at the Dundas Project in December 2022. The Dundas Project occurs in an underexplored green fields region in the Albany Fraser Belt of WA. Its regional location is shown in Figure 1. The receipt of the REE assays, are an excellent beginning to the exploration of the region for Catalina Resources.

The coincidence of lithium with the anomalous REE geochemistry is unusual and justifies the high regard Catalina has for the region. These anomalous REE and lithium assays reinforces Catalina's belief that Dundas will emerge as a significant asset in a prospective and very underexplored location. Assays indicate significant REE intersections up to 16m thick and anomalous Li intersections up to 44m thick are present.

The assays are derived from 4m composite air core drilling samples as per the company's ASX announcement of 27 February 2023. The one-meter re-splits were collected from the on-site sample pile in March 2023. The samples collected from the sample piles for drill hole 22DAC073.

A total of 127 samples were collected from 8 holes. Assays are expected in 6-10 weeks. The REE anomaly intersections highlight the prospectivity of the area drilled at Dundas.

Significant REE enrichment in the regolith is the result of weathering induced clay formation and REEs can be either enriched or depleted in different depth horizons of the regolith.