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Highlights
- Platina Resources advanced a fully funded 2026 exploration program with more than 20,000 metres of drilling planned across its Laverton gold portfolio.
- Over 8,000 metres of Phase 2 and Phase 3 drilling has been completed at Mt McKenna, targeting extensions of a 1.5km mineralised trend.
- Geophysical surveys, including ground gravity and aeromagnetic work had identified multiple new high-priority drilling targets.
- Cultural heritage surveys across key target areas cleared the way for continued drilling activities.
- Conditional acquisitions of Sunrise Bore and Mt Morgans South are set to expand the company’s footprint in the Laverton district.
Platina Resources Limited (ASX:PGM) has outlined a busy March 2026 quarter, marked by an accelerated exploration campaign across its Western Australian gold portfolio. With a fully funded program in place, the company is progressing large-scale drilling and geophysical work across key Laverton district projects. Activity during the period focused on advancing targets at the Mt McKenna project while preparing additional growth pathways through the Sunrise Bore and Mt Morgans South projects.
Drilling Focus Intensifies at Mt McKenna
Exploration activity at the 100%-owned Mt McKenna Project, located in Western Australia’s Eastern Goldfields near Laverton, formed a central part of the quarter’s work. As part of the broader 2026 Laverton exploration campaign, which includes >20k metre of RC and AC drilling, drilling programs commenced at Mt McKenna.
Phase 2 and Phase 3 aircore campaigns aimed at testing extensions of 1.5km mineralised structures and newly identified structural targets.
Phase 2 aircore drilling commenced at Target 2 with up to 4,500 metres planned, targeting strike extensions of a 1,500-metre mineralised trend and related arsenic anomalies identified in earlier work. Phase 3 drilling followed, covering multiple target zones and aeromagnetic survey at Target 1. The company reported that over 8,000m of combined Phase 2 and Phase 3 drilling has been completed.
Furthermore, across Target 3, 4 and 5, two cultural surveys have been finalised, and ground gravity survey has defined numerous structural drill targets. Ground gravity and aeromagnetic surveys enhanced the geological model at the project and identified several new high-priority drilling targets.
Laverton District Expansion Through New Projects
Platina Resources continued advancing its Laverton district strategy through conditional acquisitions of Sunrise Bore and Mt Morgans South. The Sunrise Bore Project, including one exploration licence application covering 12km², is positioned within a known mineralised corridor that has seen limited drilling since the late 1990s. Following completion of acquisition requirements, the project is scheduled for resource definition drilling.
The Mt Morgans South Project adds approximately 126.4km² across four exploration licences and 14 prospecting licences. Situated near Laverton and close to Mt McKenna, it introduces additional gold targets within a broader structural corridor. This project is expected to be incorporated in the 2026 exploration plans.
Broader Portfolio and Corporate Activity
Beyond Laverton, Platina Resources’ early-stage and advanced exploration assets include the Beete, Brimstone, Jubilee, and Binti Binti projects. Work programs vary from drilling preparation to heritage approvals and ongoing geological review.
During the quarter, the company also completed the sale of the Xanadu Gold Project, receiving shares in Kalamazoo Resources and retaining a royalty interest. The company held cash of AUD 10.259 million at the quarter end.
The March 2026 quarter positioned Platina Resources with an expanded exploration footprint and active drilling across key gold targets in Western Australia. Ongoing programs at Mt McKenna and upcoming developments across newly acquired projects continue to define the company’s exploration schedule for 2026.
PGM shares traded at AUD 0.021 per share on 28 April 2026.
