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Highlights
- Platina Resources has identified new gold mineralised zones at the Granite Well East prospect within the Mt McKenna Gold Project.
- Drilling at Mt McKenna outlined mineralised corridors extending more than 1 kilometre at Targets 4 and 5, along with an 800-metre structure at the Black Rock prospect.
- Platina has completed the acquisition of the Sunrise Bore Project and commenced a 23-hole RC drilling program targeting a 1.2-kilometre historical mineralised trend near Laverton.
- The company has expanded its Laverton exploration footprint through the Mt Morgans South acquisition and continues to progress its broader 2026 drilling strategy across multiple gold projects.
- Platina Resources shares gained 14.29% on 17 July 2026.
Amid elevated gold prices, ASX-listed small-cap explorer Platina Resources Limited (ASX:PGM) has attracted attention, with its shares rising 14.29% to AUD 0.024 on 17 July 2026. The company has been advancing a series of exploration initiatives across Western AustraliasprolificLaverton Gold District, with recent developments at the Mt McKenna Gold Project, completion of strategic project acquisitions, and ongoing drilling programs expanding its gold exploration footprint.
New gold zones identified at Mt McKenna
In June end, the company announced the discovery of new gold zones at the Granite Well East prospect within its Mt McKenna Gold Project, located in the Laverton Gold District.
During 10,809m of aircore drilling across 220 holes, mineralised corridors were identified across the Target 2, Target 4 and Target 5 prospects.
At Targets 4 and 5, drilling outlined a new mineralised corridor extending more than 1km of strike. Key results included-
- 1m @ 7.10g/t Au from 40m (MMKAC0239), ending 1m above the bottom of hole (BOH);
- 4m @ 1.11g/t Au from 12m (MMKAC0240), associated with a strong arsenic anomaly;
- 7m @ 0.61g/t Au from 36m, including 2m @ 1.41g/t Au from 40m (MMKAC0240), with mineralisation continuing to the bottom of hole; and
- 4m @ 0.93g/t Au from 52m, including 3m @ 1.13g/t Au from 52m (MMKAC0194), ending at the bottom of hole.
At Target 2, drilling identified a north-northeast trending mineralised structure extending over 800m at the Black Rock prospect. Significant results included-
- 4m @ 4.69g/t Au from 16m (MMKAC0162) along the eastern mafic-granite contact;
- 4m @ 0.33g/t Au from 28m (MMKAC0129) within saprock adjacent to a strong arsenic anomaly, further supporting planned RC drill testing;
- 1m @ 0.27g/t Au from 39m (MMKAC0305), ending at the bottom of hole;
- 4m @ 0.34g/t Au from 48m (MMKAC0339)
The company has also received a AUD 109,200 grant under the Western Australian Governments Co-funded Exploration Drilling Program, which will support a 13-hole RC drilling program at Target 2, scheduled later this year.
Sunrise Bore acquisition adds new exploration opportunity
In June, the Sunrise Bore Projectacquisition was concluded. The company acquired a 100% interest in Exploration Licence E38/4038,located within the broaderMt Morgans gold district near Laverton,through the acquisition of Bravo Minerals Pty Ltd. The project covers a historically identified 1.2-kilometre mineralised trend within a larger 3.6-kilometre structural corridor.
Following completion of the acquisition, a Phase 1 RC drilling program comprising 23 holes for approximately 2,775 metres has been commenced. The program is targeting areas of historical gold mineralisation and aims to test extensions along strike and down dip.
Mt Morgans South strengthensLaverton footprint
The company also completed the acquisition of the Mt Morgans South Project from Genesis Minerals Limited, adding 18 tenements comprising four exploration licences and 14 prospecting licences. A comprehensive exploration strategy is planned for Mt Morgans South, which will include historical data review, soil sampling programs and execution of heritage agreement to generate new drill targets across the project area.
The project acquired complements the companys existing Mt McKenna and Sunrise Bore projects, expanding its exploration presence within the established Laverton gold region.
Broader exploration strategy remains active
Beyond its core Laverton assets, the company has executed a farm-in and joint venture agreement for the Brimstone Gold Project in Western Australia.
Under the agreement, NE Minerals may earn an 80% interest by funding exploration, evaluation and development activities over three years, while Platina retains exposure through a 20% interest following completion of the earn-in.
Platina Resources continues to expand its presence inWestern Australias Laverton Gold Districtthrough ongoing exploration developments at Mt McKenna, targeted project acquisitions and active drilling campaigns. With multiple projects advancing through exploration and evaluation stages, the company is progressing a broader strategy focused on identifying and developing gold opportunities across its Australian assets.
