# CTN: $1.29M in Restricted Capital Unlocked Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03141924 Publisher: asx Original announcement: 2026-09-21T22:19:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-21T23:14:52.993Z Atlas analysis updated: 2026-09-21T23:14:52.993Z - Company: Catalina Resources Limited - Ticker: CTN - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: Tungsten, Molybdenum, Bismuth, Copper, Silver - Document categories: Drill results, Other - Extracted: 2026-09-21 23:14:53 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Catalina Resources has executed the divestment of its Nelson Bay River project in Tasmania, unlocking $1.29 million in rehabilitation security. These funds will be redirected to advance gold exploration at Kirkalocka and tungsten exploration at Tallering in Western Australia. Reasoning: The divestment of the NBR project unlocks significant working capital for priority Mid-West exploration, though drilling commencement is contingent on heritage clearance. - Positive factor: unlocked $1.29M in restricted capital - Positive factor: divestment provides clear exit from Tasmania - Positive factor: capital to fund Mid-West exploration - Positive factor: drilling contractors provisionally secured - Negative factor: heritage clearance remains outstanding Facts used in scoring: 6 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The report references historical drilling and current exploration activities under the 2012 JORC Code and names a Competent Person. Evidence · text > based on information compiled by Dr Nishka Piechocka... to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results and Mineral Resources and Ore Reserves \(JORC Code\). **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The document heavily relies on historical drilling results \(SRC006, KKA796, etc.\) to justify the current strategy. Evidence · text > investigate the extent and continuity of tungsten mineralisation identified through historical exploration. ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### 08KLRC033 [Link to this fact](https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800#fact-drill-facts-0) Kirkalocka · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 08KLRC033 - Project: Kirkalocka - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CTN #### Geometry - Grade: 23.08 - Grade Unit: g/t - Intercept: 1 m - From: 18 m - To: 19 m - Intercept Depth: 18 m #### Classification - Sample Type: drill - Group ID: 08KLRC033:18-19 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical high-grade gold intercept of 23.08 g/t over 1m. - Positive factor: high grade intercept Evidence · text > 1m @ 23.08g/t Au from 18m \(08KLRC033\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### KKA796 [Link to this fact](https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800#fact-drill-facts-1) Kirkalocka · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KKA796 - Project: Kirkalocka - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CTN #### Geometry - Grade: 1.79 - Grade Unit: g/t - Intercept: 6 m - From: 42 m - To: 48 m - Intercept Depth: 42 m #### Classification - Sample Type: drill - Group ID: KKA796:42-48 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical moderate grade gold intercept. Evidence · text > 6m @ 1.79g/t Au from 42m \(KKA796\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### KKA795 [Link to this fact](https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800#fact-drill-facts-2) Kirkalocka · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: KKA795 - Project: Kirkalocka - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CTN #### Geometry - Grade: 1.38 - Grade Unit: g/t - Intercept: 6 m - From: 27 m - To: 33 m - Intercept Depth: 27 m #### Classification - Sample Type: drill - Group ID: KKA795:27-33 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical moderate grade gold intercept. Evidence · text > 6m @ 1.38g/t Au from 27m \(KKA795\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### SRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800#fact-drill-facts-3) Tallering · tungsten Historical result Needs review: historical\_restatement #### Identity - Hole ID: SRC006 - Project: Tallering - Commodity: tungsten - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CTN #### Geometry - Grade: 0.178 - Grade Unit: % - Intercept: 17 m - From: 79 m - To: 96 m - Intercept Depth: 79 m #### Classification - Sample Type: drill - Group ID: SRC006:79-96 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical tungsten intercept. Evidence · text > 17m @ 0.178% WO₃ from 79m \(SRC006\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### SRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800#fact-drill-facts-4) Tallering · tungsten Historical result Needs review: historical\_restatement #### Identity - Hole ID: SRC006 - Project: Tallering - Commodity: tungsten - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CTN #### Geometry - Grade: 0.367 - Grade Unit: % - Intercept: 4 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: High-grade sub-interval within SRC006. Evidence · text > including 4m @ 0.367% WO₃ #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### SRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/ctn-1-29m-in-restricted-capital-unlocked--fb5ab627-890e-4afb-acc3-754daa46c800#fact-drill-facts-5) Tallering · tungsten Historical result Needs review: historical\_restatement #### Identity - Hole ID: SRC007 - Project: Tallering - Commodity: tungsten - Region: australia\_wa - Reported Region: australia\_wa - Ticker: CTN #### Geometry - Grade: 0.154 - Grade Unit: % - Intercept: 3 m - From: 99 m - To: 102 m - Intercept Depth: 99 m #### Classification - Sample Type: drill - Group ID: SRC007:99-102 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-21T00:00:00.000Z Reasoning: Historical tungsten intercept at end of hole. Evidence · text > 3m @ 0.154% WO₃ from 99m to EOH \(SRC007\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.