Platina Resources (ASX:PGM) Advances Laverton Strategy with New Gold Targets and Drilling Push

Highlights

• Phase 1 aircore drilling at Mt McKenna has identified a 1.5km mineralised structure and multiple gold mineralisation zones.
• Phase 2 drilling is underway to test strike extensions and infill previously identified mineralised trends.
• A ground gravity survey has outlined additional structural targets, with a Phase 3 drilling program planned.
• More than 20,000m of drilling is scheduled across key projects in 2026.
• Conditional acquisitions of Sunrise Bore and Mt Morgans South are set to expand the Laverton landholding to over 300km².
• Portfolio optimisation, including divestments and relinquishments, is focused on advancing priority gold assets.

Platina Resources Limited (ASX:PGM) is advancing its gold exploration strategy in Western Australia, with a focus on progressing exploration activities in the Laverton district. The company has streamlined its tenement portfolio through the divestment of the Xanadu Gold Project and the relinquishment of selected assets, enabling greater emphasis on priority gold projects. At the same time, ongoing drilling programs and new target identification at Mt McKenna are shaping the next phase of exploration across its growing landholding.

Significant Discovery at Mt McKenna

In the six months ended 31 December 2025, the company acquired the Mt McKenna Gold Project. Once the transaction was finalised, the company focused on securing heritage clearances and commencing field activities.

In November 2025, as part of the maiden Phase 1 aircore drilling program, 126 aircore holes spanning 6,056m were completed at the Target 2 area. The program identified multiple new gold targets, including a 1.5-kilometre mineralised structure. Most drill holes along strike ended in mineralisation. The company stated that RC drilling is required to analyse potential of newly identified structure at depth.

Following the initial success, Phase 2 aircore drilling commenced in late February 2026, with a 4,500-metre program designed to test strike extensions of the 1,500-metre mineralised structure and associated arsenic anomalies. This back-to-back drilling strategy marks the first step in Platina’s 2026 exploration plan, which aims to deliver a 20,000-metre drilling across multiple Laverton projects.

A new ground gravity survey completed in March further defined additional structural targets at Mt McKenna, prompting plans for an 8,000-metre Phase 3 aircore drilling campaign across high-priority exploration targets 3, 4, and 5. These results demonstrate ongoing potential across the project area and guide the company’s drilling priorities for the coming months.

Expansion Through Strategic Acquisitions

Platina continues to consolidate its position in the Laverton district through conditional acquisition agreements for the Sunrise Bore and Mt Morgans South Gold Projects. Sunrise Bore, located south of Mt McKenna and adjacent to the Sunrise Dam gold mine, hostshistorical drilling results that show extensive gold mineralisation across an 800-metre strike, with high-grade intersections previously untested for decades.

Mt Morgans South, situated 35 kilometres southwest of Laverton, is surrounded by world-class deposits, including the Wallaby and Jupiter mines. Platina plans to implement an exploration program that includes historical data compilation, heritage agreements, and follow-up soil sampling, targeting new gold discoveries across the project’s 126.4 square kilometres.

Ongoing Exploration and Portfolio Optimisation

Beyond the Laverton district, Platina has advanced exploration at the Brimstone and Beete projects. At Brimstone, heritage agreements are being finalised to access the Garibaldi prospect.

The company has also rationalised its portfolio, divesting or relinquishing tenements with lower exploration potential, including the Xanadu, Challa, Mt Narryer, and Binti Binti projects. These measures allow Platina to focus financial and technical resources on high-priority Laverton assets.

Platina Resources is advancing its Laverton gold strategy through systematic exploration, strategic acquisitions, and targeted drilling campaigns. The discovery of a 1.5-kilometre mineralised structure at Mt McKenna, combined with planned 2026 drilling programs across multiple targets, reinforces the potential of the district. With expanded tenure and streamlined project focus, Platina is well-positioned to pursue gold opportunities across Western Australia.

PGM shares traded at AUD 0.024 per share on 19 March 2026.