Catalina Resources Ltd. (Catalina or the Company) provided details of the initial and recently completed air core drilling program at Dundas project. First assays from the maiden air core drilling program at Dundas confirm grades up to 0.81% (8,146 ppm) total rare earth element oxides (TREO), including 0.16% NdO, in hole 22DAC095. Another hole (22DAC066) intersected 0.65% TREO, including 0.12% NdO and 0.14% LaO, with coincident anomalous lithium geochemistry.

Lithium averaging 84 ppm over 44m to the end of hole (EOH) and 103 ppm over 28m to EOH has also been intersected. Anomalous REE assays also accompany the lithium. The anomalous drilling geochemistry occurs within deeply oxidised regolith and saprolite (clay) zones.

It has developed by in-situ weathering of an unknown bedrock. Anomalous REE mineralisation also occurs in bedrock in several holes below the regolith horizons. Excellent potential exists for higher grade, higher commercial value, hard rock REE mineralisation in the project area.

Assays confirm a critical heavy rare earth oxide (HREO) ratio NdPr+DyTb of 19% of total REEs. The assays are derived from 4m composite samples, and it is expected that dilutionary effects of this sampling has reduced grades of mineralisation. Increased grades are expected from the individual one metre sampling intervals that make up the 4m composite samples.