It is similar to Caladenia flava but is distinguished by its fragrant white versus yellow flowers with prominent red stripes and spots on the dorsal sepal and lateral petals.

Caladenia lateritica mimics Conostylis setosa (Haemodoraceae) in terms of flowering time, height, colour and fragrance.

[citation needed] This Caladenia is similar to C. flava fragrant white versus yellow flowers with prominent red stripes and spots on the dorsal sepal and lateral petals.

The first formal description of this orchid was by Kingsley Dixon and Maarten Christenhusz in 2018, but the species was initially not adopted by Florabase.

They grow in shallow lateritic regolith that overlay massive bauxite, in open woodland comprising an overstory of jarrah (Eucalyptus marginata), marri (Corymbia calophylla) and parrot bush (Banksia sessilis), with an understory of Conostylis setosa, Orthrosanthus laxus, Xanthorrhoea preissii, Hypocalymma robustum, Phyllanthus calycinus and Stylidium species.