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Platina Resources has delivered a solid operational and financial update, completing Phase 1 drilling at the Mt McKenna Gold Project in Western Australia while also securing an early US$1M cash receipt, positioning the Company strongly ahead of 2026 exploration.

🔥 Key Exploration Update

6,056m aircore drilling completed

126 drill holes across the Target 2 area

Tested multiple splays off the Granite Well Fault

Located in the highly prospective Laverton gold district

Assay results due January 2026

📈 Why It Matters

Confirms systematic exploration across a 20km gold corridor

Strengthens geological understanding for high-priority targets

Sets up follow-up drilling programs for early 2026

Exposure to gold in a Tier-1 mining jurisdiction

💰 Balance Sheet Boost

US$1M early payment received from Scandium Project sale

Equivalent to ~A$1.5M, previously held in trust

Potential additional US$2M pending mining licence approval or by August 2026

Enhances funding flexibility with minimal dilution risk

🔄 What’s Next

Assay results in January 2026

Ongoing mapping, sampling & gravity surveys

Target generation across the broader Mt McKenna project

Continued portfolio optimisation and capital recycling

📊 Investor Outlook

Platina Resources last traded at $0.039, valuing the Company at approximately $25.15M market capitalisation. With drilling completed, assays pending, a strengthened cash position, and a sharpened gold-focused portfolio, investors will be watching closely as Platina moves into a potentially value-defining 2026 exploration phase.

Read More - https://colitco.com/platina-resources-mt-mckenna-gold-drilling/

Platina Resources (ASX: PGM) has commenced a 7,500m aircore drilling program at the Mt McKenna Gold Project in the heart of the Laverton gold district, Western Australia. Drilling will test four high-priority targets generated from mapping, geochemistry, gravity data and reinterpreted geophysics, all focused along splays of the Granite Well fault, a major regional structure known to host significant gold mineralisation.

Located just 13km east of Laverton and near multiple tier-one deposits, Mt McKenna is positioned within one of Australia’s most productive gold belts. The presence of historical nuggets and structurally prepared zones highlights the project’s strong discovery potential.

💡 Investor Outlook

With a A$0.031 share price and A$16.76M market cap, Platina offers leveraged exposure to a high-impact drill program in a proven gold district. Success at Mt McKenna could rapidly re-rate the company, with multiple untested structural targets providing potential for sustained exploration newsflow and value creation.

📊 Last Price: A$0.031 💰 Market Cap: A$16.76M

Read More - https://colitco.com/platina-aircore-drilling-mt-mckenna/

Platina Resources (ASX: PGM) continues to build momentum at its Mt McKenna Gold Project near Laverton, Western Australia, identifying five priority targets and completing key groundwork ahead of drilling.

Managing Director Corey Nolan commented:

“The successful completion of the surveys marks another important milestone. The gravity data provides a strong foundation for advancing our understanding of the project and preparing for our upcoming aircore drilling program.”

🔑 Key Update Highlights

✅ Five priority gold targets defined across Mt McKenna ✅ 2,725-station gravity survey completed over northern tenement ✅ Geological mapping confirms key structural corridors ✅ Cultural heritage survey completed, clearing pathway to drill ✅ Program of Works approved for aircore drilling at Target 2

Located in the prolific Laverton gold district (+30Moz endowment), Mt McKenna continues to emerge as a compelling structural-gold opportunity.

💡 Investor Outlook

With systematic groundwork completed and drilling now approaching, Platina enters a catalyst-rich period. A clear exploration strategy in a Tier-1 gold region, combined with lean valuation, positions the Company for potential re-rate as results begin to flow.

📊 Share Price: A$0.028 💰 Market Cap: ~A$17.41M

Read More - https://colitco.com/platina-resources-advances-exploration/

Platina Resources Limited (ASX: PGM) has acquired a 100% interest in the Mt McKenna Gold Project, strategically located in the prolific Laverton gold district of Western Australia’s Eastern Goldfields – a region renowned for hosting multi-million-ounce deposits.

🔹 Project Highlights

Prime geological setting – greenstone belt with major faults (Apollo & Granite Well) and intrusives conducive to +1Moz gold deposits.

High-grade surface sampling – rock chips up to 248g/t, 21g/t and 5g/t Au near gold nugget discoveries.

Historical shallow drilling – including 16m @ 1.05g/t Au (incl. 4m @ 3.41g/t from 32m) and 15m @ 0.87g/t Au.

Strategic infrastructure advantage – project located 13km east of Laverton, with access to accommodation, airport, power, gas, roads, and multiple gold processing plants within 50km.

Large landholding – one tenement (E38/3795) covering 174km², within the Nyalpa Pirniku Native Title area (agreement signed).

🔹 District Context

Surrounded by Tier-1 operations and deposits, including:

Genesis Minerals’ Laverton Project (3.9Moz, acquired for $250M)

Granny Smith (3.9Moz)

Sunrise Dam (5.1Moz)

Magnetic Resources’ Lady Julie (2.3Moz)

🔹 Untested Potential

Most historical work concentrated west of the high-grade rock chips.

Only 5km of a 25km long syenite-mafic contact has been drill tested.

Regional faults (Apollo & Granite Well) act as potential conduits for gold mineralisation.

Potential for additional nickel mineralisation identified over the Diorite Hill layered mafic-ultramafic intrusive in the east.

🔹 Planned Exploration Program

Platina will aggressively advance exploration to unlock value at Mt McKenna, with work programs including:

Ground gravity survey & seismic reinterpretation Infill soil sampling, mapping & rock chip sampling Aircore and RC drilling campaigns

💬 Managing Director, Corey Nolan:

“Mt McKenna is a near drill-ready project with significant exploration upside. The combination of prospective geology, encouraging early results and limited historical drilling presents a compelling opportunity to unlock shareholder value.”

📍 Investor Outlook

Backed by $11 million in funding, Platina is well-positioned to rapidly advance exploration in one of Australia’s richest gold districts. With proximity to major deposits, underexplored tenure, and multiple growth catalysts ahead, Mt McKenna offers investors leverage to discovery success and district-scale upside.

📊 ASX: PGM | Price: $0.026 | Market Cap: $13.70M

Read More - https://colitco.com/platina-resources-advances-laverton-footprint/

Australia’s gold exploration space is buzzing, and Platina Resources Limited (ASX: PGM) is actively assessing new gold project opportunities across Western Australia. The company is focused on unlocking value in high-potential areas within the Yilgarn and Pilbara Cratons—regions renowned for hosting world-class gold deposits.

🔍 Exploration Growth Focus:

Targeting geologically rich Archean greenstone belts

Prioritising craton boundaries, shear zones, and intrusive-related systems

Evaluating opportunities with potential for 1Moz+ gold discoveries

Supported by a solid treasury: $12M in cash + up to $4.6M milestone-linked funding

🗣 Platina Resources Management:

“Our focus is on identifying and advancing large-scale, high-grade gold opportunities in proven discovery corridors. We remain disciplined in assessing projects that can deliver long-term value to shareholders.”

🌍 Why Platina (ASX: PGM) Matters?

Well-positioned in Tier-1 exploration regions

Strategy aligns with recent WA success stories (Spartan’s Pepper, Ordell’s Barimaia)

Existing projects like Brimstone-Xanadu and Norseman Greenstone Belt show strong momentum

Financially equipped to act on exploration opportunities, with gold at AUD 5,201.31/oz (+39.15% YoY)

📈 Platina Share Price (23 July 2025, 12:00 pm AEST): A$0.022

1 Week: +4.76%

1 Month: +15.79%

YTD: +29.41%

Market Cap: A$13.7 million

Shares on Issue: 623 million

🔑 Investor Outlook:

With gold prices surging and a healthy balance sheet, Platina is well-positioned to explore value-accretive opportunities in Western Australia’s premier gold terrains. The company’s proactive strategy may pave the way for future discoveries and sustained shareholder value.

🔗 More on Platina Resources: https://colitco.com/platina-resources-gold-projects-western-australia-2025/

Platina Resources Ltd (ASX: PGM) is taking a bold step forward in Western Australia's world-class gold provinces! With a market cap of ~$13.7M and $12M in cash, the company is trading near cash value — just $0.022 per share — and is primed for a potential re-rate.

✅ Drilling completed at Challa and Beete Projects ✅ Assay results expected this month ✅ Advancing the Brimstone Gold Project near Kalgoorlie ✅ Actively assessing new project acquisitions with +1Moz gold potential ✅ $4.83M in milestone payments expected in 2026

💡 Why This Matters:

🔸 Trading near cash value provides strong downside protection 🔸 Exposure to Tier-1 gold regions — Yilgarn Craton and Ashburton Basin 🔸 Low-capex development pathway via toll milling infrastructure 🔸 Cash-backed exploration with minimal dilution 🔸 Catalysts pending: drilling results + acquisition news

Platina is building value in some of Australia's most prospective gold belts — without needing major upfront capital. 🏞️⛏️

The company’s WA gold strategy will:

✨ Fast-track exploration with cash-in-hand ✨ Unlock new project potential through disciplined acquisitions ✨ Leverage nearby infrastructure to shorten time to production ✨ Position Platina as a low-risk, high-reward junior gold stock

🗣️ “We are focused on monetising underexplored assets and advancing high-potential projects that can deliver significant value for shareholders,” said the company.

📊 Investor Outlook:

Platina offers: ✔ Strong treasury and low enterprise value = de-risked entry point ✔ Exposure to assay results and potential new gold deals ✔ Strategic assets in regions home to multi-million-ounce gold deposits ✔ Opportunity to capitalise on strong gold prices (>$2,300/oz)

With global gold supply tightening and investor interest in well-funded juniors on the rise, Platina Resources could be one drill result away from a major re-rate.

Platina Resources Limited (ASX:PGM) is gearing up for an active June with follow-up aircore drilling programs set to commence at its Challa and Beete Gold Projects in Western Australia.

ASX:PGM is trading at $0.019.

Drill-Ready: Challa & Beete Exploration Campaign

⛏️ Challa: 14-hole (1,690m) aircore program targeting extensions of greenfield hit — 12m @ 0.66g/t Au from 100m, incl. 4m @ 1.7g/t Au

📍 Focus on NW-trending splay of the craton-scale Challa Shear

⛏️ Beete: 39-hole (1,536m) program following up on anomalous Au-As zones identified in Phase 1

Xanadu Update: Oxide Focus After Deep Hole Miss

🧪 Government-funded Cleopatra diamond hole (380m) didn’t intersect deeper target

🌕 Shallow zone returned 16.1m @ 0.2g/t Au from 202m — suggesting deeper potential further south

📈 Large 10km+ oxide blanket at Xanadu West remains a key focus, with potential for future gold resource growth

Management Insight:

Corey Nolan, Managing Director: “Our aircore drilling is targeting compelling anomalies from earlier campaigns, while Xanadu’s shallow oxide system remains highly prospective and worthy of further investigation.”

Why This Matters:

With multi-project drilling underway and untapped oxide gold potential, Platina is positioning itself for a pivotal year of gold exploration across tier-one WA terrains.

✨ Multi-project momentum. Proven anomalies. Oxide gold opportunity unfolding.

⚠️ This is not investment advice. Please do your own research before making any investment decisions.

Read More - https://colitco.com/platina-drilling-across-western-australia-project/