Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Platina Resources Limited ( (AU:PGM) ).
Platina Resources has completed the first phase of aircore drilling at its Mt McKenna Gold Project in Western Australia, with 6,056 metres drilled across 126 holes targeting splays off the Granite Well fault, and assays due in January 2026 to refine geological models and future drill targets along a 20km gold corridor. The company has also strengthened its balance sheet and streamlined its portfolio by securing the early release of a US$1 million warranty retention bond from the 2023 scandium project sale, surrendering the Mt Narryer Project while selling its exploration data to Western Mines Group for shares, and progressing the sale of the Xanadu Project to Kalamazoo Resources in a scrip-and-royalty deal that includes contingent payments tied to future resource definition.
More about Platina Resources Limited
Platina Resources Limited is an Australian-based minerals exploration company focused on advancing early-stage metals projects, particularly gold, through exploration, feasibility and permitting toward development. The company controls a 100% interest in a portfolio of gold projects in Western Australia’s Yilgarn Craton and seeks to create shareholder value by monetising these assets via sale, joint venture or direct development.
Average Trading Volume: 1,667,576
Technical Sentiment Signal: Buy
Current Market Cap: A$19.99M
Learn more about PGM stock on TipRanks’ Stock Analysis page.