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Highlights
- A ground gravity survey has identified multiple structural drilling prospects across Targets 3, 4 and 5 at the Mt McKenna Gold Project.
- Platina Resources plans up to 8,000 metres of Phase 3 aircore drilling.
- Phase 3 drilling is expected to begin in late March following cultural heritage survey completion.
- More than 20,000m of aircore and RC drilling is scheduled in 2026.
Platina Resources Limited (ASX:PGM) has outlined new drilling prospects at its Mt McKenna Gold Project in Western Australia after completing a ground gravity survey across priority exploration areas. The results have defined structural targets within high-priority exploration Targets 3, 4 and 5.
The company is planning to conduct up to 8,000 metres of Phase 3 aircore drilling to test the newly defined prospects at Mt McKenna. The drilling program is scheduled to begin in late March, subject to the completion of cultural heritage surveys.
Broader Exploration Across Laverton Gold District
In addition to the Mt McKenna program, the company has outlined an exploration schedule covering approximately 20,000 metres of aircore and reverse circulation drilling during 2026. The drilling will be conducted across three projects located in the Laverton Gold District: Mt McKenna, Sunrise Bore and Mt Morgans South.
The company is also progressing cultural heritage surveys at newly developed exploration targets across the project areas. These surveys are part of the process required prior to aircore drilling activities.
Phase 2 Drilling Update
Phase 2 aircore drilling at Target 2 has been temporarily deferred due to mechanical issues with the drill rig. The program was planned to cover approximately 4,500 metres, of which around 2,000 metres has already been completed.
The remaining 2,500 metres of drilling are expected to be completed alongside the Phase 3 aircore drilling campaign once operations resume.
Platina Resources’ recent ground gravity survey at the Mt McKenna Gold Project has identified several structural drilling prospects within key exploration targets. With cultural heritage surveys underway and Phase 3 aircore drilling planned for late March, the company is progressing exploration activities aimed at evaluating these new targets while continuing broader drilling programs across its projects in the Laverton Gold District.
PGM shares last traded at AUD 0.031 on 10 March 2026.
