What we do
Catalina will develop in three phases:
Phase I Objectives:
- Company established in the UK and Chile; a series of mineral projects secured in Chile and sufficient seed capital raised to undertake assessments of the properties held.
Phase I was completed with all objectives realised.
Phase II Objectives:
- Complete short, focussed exploration programmes on the properties to confirm their potential.
- Determine whether to sell, joint venture or abandon certain properties and acquire new projects.
- Define Phase III work programmes and budgets.
- Gain Admission to the Alternative Investment Market in London.
Phase II was completed. Two properties have been retained for further exploration one of which, La Falda, shows outstanding promise.
The deterioration of the global financial markets has had a severe effect on the Companies ability to raise further finance during late 2008 and early 2009 and plans to gain Admission to a recognised Stock Exchange were postponed.
In March 2009 a Letter of Intent to form a Joint Venture over the La Falda Project was completed with AIM-listed Minera IRL.
The full Joint Venture Agreement and the Management Agreement were completed in September 2010.
Phase III Objectives:
- Continue to review potential projects arising in Chile.
- Select those projects which, in the technical opinion of the management, present near-term opportunities for an increase in value and/or long-term potential.
