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Highlights
- Platina acquires the Mt Morgans South Gold Project, expanding its Laverton landholding to 312 km².
- The neew project includes 18 tenements covering 126.4 km².
- The project is situated near major gold mines including Jupiter, Westralia, and Wallaby.
- The acquisition offers access to three highly prospective geological target zones.
- PGM shares rose 20.7% to AUD 0.035 on 10 December 2025.
Platina Resources Limited (ASX:PGM) saw its share price climb 20.7% to AUD 0.035 on 10 December 2025 as the company announced the expansion of its exploration footprint in Western Australia’s renowned Laverton gold district. The company has announced the strategic acquisition of the Mt Morgans South Gold Project, which increases its total landholding in the Laverton region to more than 312 km², nearly doubling its size following the recent acquisitions of the Mt McKenna Gold Project and Sunrise Bore Project in September.
Acquisition Terms
The company is acquiring 100% of 18 tenements from Genesis Minerals Limited for AUD 100,000 in cash and AUD 100,000 in Platina shares. A further AUD 550,000 in cash or PGM shares will be payable upon defining a 200,000oz JORC Mineral Resource.
Prime Position Near Major Producing Mines
The newly acquired Mt Morgans South project covers 126.4 km² and comprises four Exploration Licences and 14 Prospecting Licences. The project is situated in the Laverton Archean greenstones, a prime geological setting known for hosting multi-million-ounce deposits in the Eastern Goldfields.
The project is located approximately 35 km southwest of Laverton and near Platina’s other assets - Mt McKenna and Sunrise Bore projects, enabling exploration activities to be closely integrated across the portfolio.
Mt Morgans South occupies a highly prospective area, just 6 km west of the Jupiter gold mine and 7.5 km southeast of the Westralia gold mine, both part of the Mt Morgans Gold Operations, which collectively hold a 3.4Moz gold resource.
Additionally, the globally recognised Wallaby gold mine, containing 3.9Moz in current resources, lies only 12 km east, while Iceni Gold Ltd’s Guyer prospect borders the project to the south.
Three High-Priority Geological Target Zones
The acquisition provides Platina with exposure to three distinct target areas within the Eastern Goldfields Superterrane greenstones-
- Project North: Brewery Well to Smith Well
Located along the southern margin of the Mt Margaret Anticline and influenced by the principal Celia Fault, the area shares geological characteristics with the Mt Morgans mining cluster.
- Project East: Horse Head and Cedar Island
This zone is traversed by the Celia Fault along its full strike. Structural complexity is enhanced by an antiformal magnetic feature, while Cedar Island is interpreted as a syenite intrusion.
- Project West: Ghan Well and Acacia Well
Situated along a sheared granite–greenstone contact, directly north of Iceni Gold’s Guyer prospect along a similar target corridor.
Next Steps
The company intends to begin its exploration program at Mt Morgans South with detailed historical data compilation, establishment of a heritage agreement, and targeted soil sampling across geophysical and geochemical anomalies.
