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Highlights
- Platina has confirmed allotment of 20 million shares to acquire Mt McKenna Gold Project via Jasper Exploration.
- Mt McKenna Gold Project seen as near drill-ready with notable exploration upside.
Platina Resources Limited (ASX:PGM), an Australian company focused on advancing early-stage metals projects, has confirmed the allotment of 20 million ordinary fully paid shares as consideration for acquiring 100% of the issued capital of Jasper Exploration Pty Ltd. Jasper owns the Mt McKenna Gold Project, situated in Western Australia’s Eastern Goldfields, approximately 13 km east of Laverton and near major operations such as Genesis Minerals’ Laverton Project and the Granny Smith Mine, both hosting resources of 3.9Moz each.
Platina Resources Managing Director, Mr Corey Nolan, emphasised that the Mt McKenna Project offers a compelling exploration opportunity, citing the combination of highly prospective geology, encouraging early-stage exploration results, and the limited historical work completed on the site. He noted, “Mt McKenna presents a near drill-ready project opportunity with significant exploration upside.”
The company has additionally issued 1.75 million shares as consideration for introduction and advisory services connected to the Jasper acquisition. These shares were issued under PGM’s existing placement capacity in accordance with Listing Rule 7.1.
Shares of PGM traded at AUD 0.026, up 8.33% at the time of writing on 05 Sep 2025.
