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Highlights
- Platina Resources is targeting geological settings with +1Moz gold potential.
- Aircore drilling at the high-potential Mt McKenna Project begins this month.
- Sunrise Bore acquisition and Beete drilling planned to expand exploration footprint.
- PGM share price jumped nearly 10% on 12 November 2025.
Platina Resources Limited (ASX:PGM) made headlines today, with its share price rising 9.68% to AUD 0.034. Moreover, the stock has surged 70% in the past six months. The Western Australia-focused gold explorer released a new presentation today, outlining its project potential, recent developments, and upcoming plans.
PGM is targeting projects with more than 1 million ounces (Moz) potential, with its assets strategically located within the Archean Yilgarn Craton — one of the world’s most mineral-rich provinces. These projects lie within greenstone belts that have historically hosted major gold discoveries.
Platina’s exploration strategy is supported by favourable gold price momentum. Global factors such as inflation concerns, currency depreciation, and economic uncertainty have driven gold to record highs. Central bank buying continues to provide market traction, while investors view gold as a safe-haven asset and an important portfolio diversification tool amid rising risk premiums across other asset classes.
Priority Focus: Laverton Projects
Platina’s immediate exploration focus is its Laverton district portfolio, particularly the Mt McKenna Project. Aircore drilling at Mt McKenna is planned for this month, and further drilling activity at Beete is scheduled in calendar year 2026. The company is also progressing cultural heritage agreements at the Brimstone Project while assessing strategic options to unlock its value.
Laverton – A World-Class Gold District
The Laverton region, part of the world-renowned Eastern Goldfields, hosts several multi-million-ounce deposits. Its complex shearing and faulting structures facilitate gold accumulation within Archean greenstones, featuring varied mineralisation styles such as banded iron formations, shear zones, quartz lodes, and intrusives.
Prominent neighbouring mines include Wallaby, Sunrise Dam, Granny Smith, Laverton, Lady Julie, and Mt Morgans — highlighting the proven prospectivity of the region.
Mt McKenna Project: Significant Untested Gold Potential
The Mt McKenna Project offers significant untested gold potential as per the company. Historical shallow RAB drilling has recorded intercepts of 16m at 1.05g/t Au (including 4m at 3.41g/t from 32m) and 5m at 0.87g/t Au. Rock chip sampling in the northwest portion returned grades up to 248g/t, 21g/t, and 5g/t gold.
The tenement lies along a major mantle-tapping regional fault, with monzogranite and syenite intrusions increasing geological prospectivity. The project area spans over 20km of greenstone strike containing large layered mafic-ultramafic intrusives, also prospective for nickel.
Exploration Underway: Exploration activities for calendar year 2025 at the project’s Target 2 include completed ground gravity surveys, infill soil sampling, geological mapping, rock-chip sampling, and cultural heritage clearance. Aircore drilling is scheduled for this month. Over time, Platina aims to systematically test the broader 20km strike zone to define the project’s full mineral potential.
Expanding the Portfolio: Sunrise Bore Project Acquisition
Platina has entered a conditional agreement to acquire the Sunrise Bore Project upon the granting of its 12km² Exploration Licence Application (ELA), located 45km south of Laverton. The project sits on a major north-south fault hosting several significant gold deposits — including the Keringal Mine (450koz Au) 8km to the north, the Golden Delicious Mine (240koz Au) adjacent to the project, and the Jubilee Mine (145koz Au). The Sunrise Dam Mine and processing plant lie just 12km to the southeast, providing excellent development synergies, as stated by the company.
At the end of September 2025, the company held cash of AUD 10.6 million.
Platina Resources is advancing its exploration portfolio across Western Australia with a well-funded strategy and experienced leadership. Backed by sufficient cash position, the company looks forward to progress multiple gold projects without near-term dilution. Key upcoming milestones include drilling at Mt McKenna this month, planned fieldwork at Sunrise Bore, 2026 aircore drilling at Beete, and further project development at Brimstone.
