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Platina Resources Limited ( (AU:PGM) ) has issued an announcement.
Platina Resources has advanced its fully funded 2026 exploration strategy across its Laverton gold portfolio, highlighted by an aggressive program of more than 20,000 metres of aircore and reverse circulation drilling. The company is concentrating on the Mt McKenna, Sunrise Bore and Mt Morgans South prospects, with work at the latter two to ramp up once conditional acquisitions are finalised.
At Mt McKenna, Platina has launched Phase 2 and Phase 3 drilling to extend a 1.5-kilometre mineralised structure and test newly defined structural targets generated from recent gravity and aeromagnetic surveys. More than 8,000 metres of drilling has already been completed despite minor mechanical delays, and the integrated geophysical and geological work has sharpened the project’s subsurface model, creating multiple new high-priority drill targets and positioning the company for significant exploration news flow in the coming quarter.
More about Platina Resources Limited
Platina Resources Limited is an Australian exploration company focused on gold projects in Western Australia’s Eastern Goldfields. Its primary assets include the 100%-owned Mt McKenna Project near Laverton, positioned close to major operations such as Genesis Minerals’ Laverton Project and the Granny Smith Mine, in a prolific greenstone belt prospective for multi-million-ounce deposits.
YTD Price Performance: -51.16%
Average Trading Volume: 606,888
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.54M
For an in-depth examination of PGM stock, go to TipRanks’ Overview page.