Platina Resources Advances Exploration with Strategic Drilling and Divestments

Platina Resources Limited ( (AU:PGM) ) has issued an update.

Platina Resources Limited has completed its diamond drilling program at the Xanadu Deeps target, with core samples currently undergoing detailed logging and assay results pending. The company is planning further low-cost aircore drilling at its Challa and Beete gold projects following promising results from previous campaigns. Platina is also divesting its low-potential Binti Binti project and reviewing the status of Mt Narryer. The sale of its scandium project to Rio Tinto has provided funds to support its corporate strategy, which includes unlocking the value of the Brimstone project and seeking new opportunities for significant gold discoveries.

More about Platina Resources Limited

Platina Resources Limited is an exploration company focused on leveraging cutting-edge technology and innovative strategies to explore high-potential projects. The company aims to maximize the value of its projects while divesting low-potential ones and seeking acquisition opportunities. It operates primarily in the gold exploration sector, with a focus on discovering significant gold deposits.

Average Trading Volume: 18,000

Technical Sentiment Signal: Buy

Current Market Cap: $8.35M

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