Platina Resources (ASX: PGM) Explores for Gold, Nickel, and Lithium Anomalies in Beete Project

May 23, 2024 12:29 PM AEST | By Sonal Goyal
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp


  • A maiden aircore drilling program has started at the Beete Project in Western Australia.
  • The objective is to examine the bedrock for gold, nickel, and lithium anomalies.
  • The campaign will cover approximately 200 holes, expected to take four to five weeks.
  • PGM is actively exploring its gold acreage in Western Australia.

Australian exploration company Platina Resources Limited (ASX: PGM) has launched a maiden aircore drilling program at its Beete Project, located in Western Australia. The objective of the drilling program is to investigate the bedrock for gold, nickel and lithium anomalies.

The tenement-wide campaign would assess geochemical and geophysics targets which are believed to be hidden beneath a shallow blanket of cover.

The drilling campaign of over around 200 holes is expected to be completed in four to five weeks, offering a full coverage of a 20km strike of NS trending geology.

The Beete project, spanning 134km2, is situated 50km south of Norseman and is considered an extension of the prolific Norseman Greenstone Belt. This belt is renowned for its significant gold production history, surpassing 5 million ounces.

Historically, the project region has hosted multiple high-grade gold mines . Additionally, recent exploration conducted by other mining firms has yielded promising results including high-grade rare earth and gold findings. Notably, the Scotia deposit, owned by ASX-listed company Pantoro, lies 12km north of Beete and forms part of the larger Norseman Gold Project, boasting mineral resources totalling 4.78Moz ofgold.

PGM remains dedicated to active exploration across its gold acreage in Western Australia. Notably, the phase two reverse circulation campaign at the Xanadu Project has confirmed a large extension of oxide gold mineralisation. Diamond drilling is scheduled at Xanadu in 3Q 2024.

PGM shares traded at AU$0.025 apiece at the time of writing on 23 May 2024.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Two ASX Listed Stocks Giving Bullish Indications

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.