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An announcement from Platina Resources Limited ( (AU:PGM) ) is now available.
Platina Resources Limited has decided to divest its interest in the Xanadu Project to Kalamazoo Resources Limited, allowing it to concentrate on its newly acquired Mt McKenna Gold Project. This strategic move aligns with Platina’s focus on prioritizing shareholder capital on projects with the highest potential for meaningful returns. The divestment will enable Kalamazoo to leverage synergies with its Ashburton Project, while Platina shifts its exploration efforts to the promising Mt McKenna site, which is strategically located near major gold operations in the Eastern Goldfields.
More about Platina Resources Limited
Platina Resources Limited is an Australian-based company focused on advancing early-stage metals projects through exploration, feasibility, and permitting towards development. The company aims to create shareholder value by monetizing projects through sales, joint ventures, or development. Platina holds a 100% interest in a portfolio of gold projects in the Yilgarn Craton in Western Australia.
YTD Price Performance: 52.94%
Average Trading Volume: 916,400
Technical Sentiment Signal: Hold
Current Market Cap: A$16.77M
For detailed information about PGM stock, go to TipRanks’ Stock Analysis page.