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Platina Resources Limited ( (AU:PGM) ) just unveiled an update.
Platina Resources Limited has decided to relinquish its exploration licenses for the Challa Project in Western Australia after the latest drilling program returned results that were not sufficiently encouraging to justify further exploration expenditure. This move aligns with the company’s strategy to allocate resources to projects with higher discovery potential, as no significant mineralization was identified in previous exploration efforts.
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 sale, joint ventures, or development. Platina holds a 100% interest in a portfolio of gold projects in the Yilgarn Craton and Ashburton Basin in Western Australia.
Average Trading Volume: 440,860
Technical Sentiment Signal: Hold
Current Market Cap: A$13.09M
Learn more about PGM stock on TipRanks’ Stock Analysis page.