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Highlights
- Laverton landholding expanded beyond 312km² through conditional project acquisitions.
- Maiden aircore drilling completed at Mt McKenna across the northern Target 2 area.
- Multiple mineralised trends identified, including a coherent 1.5km structure, at the Mt McKenna Project.
- Next-phase exploration includes RC drilling, southern gravity surveys, and heritage surveys to support drilling readiness.
Platina Resources Limited (ASX:PGM) reported continued progress for the three-month period ended 31 December 2025, advancing its high-potential gold exploration assets across Western Australia. During the period, the company expanded its landholding in the Laverton district, progressed field programs at its flagship Mt McKenna Project, and strengthened its financial position. The company continued its strategy of advancing high-potential exploration assets while applying geological and geophysical techniques to refine target generation.
Platina has expanded its footprint in the Laverton mineral district through conditional acquisitions and progressed field programs at its flagship Mt McKenna Project. The company also reported a strengthened cash position following the early release of a retention bond linked to a previous asset sale.
Mt McKenna Project – Exploration Activities
The 100%-owned Mt McKenna Project covers approximately 174km² in the Laverton region of Western Australia, located east of Laverton township. During the quarter, Platina identified five priority target zones following field studies and a review of historical exploration data.
Geological mapping was completed across Target 2, alongside a ground gravity survey covering nearly one-third of the northern project area. The gravity survey supported improved understanding of geological structures and assisted with target generation. A heritage survey over Target 2 was also completed.
Maiden Aircore Drilling Confirms Multiple Mineralised Trends
In December 2025, Platina completed its maiden aircore drilling program at Mt McKenna. The program comprised 126 holes for 6,056 metres across the northern portion of Target 2.
After the reporting period, in January, Platina confirmed the identification of multiple mineralised trends, including a coherent 1.5km mineralised structure where most holes intersected gold mineralisation at the end of the hole. Additional anomalous intercepts and a 250m arsenic-rich structure were also recorded, with the latter remaining open to the south.
Forward Exploration Plans at Mt McKenna
The next phase of exploration at Mt McKenna is planned to include reverse circulation or slimline RC drilling to infill and test the depth extent of the identified mineralised structures. Potential extensions of the arsenic anomaly will also be assessed. In parallel, a ground gravity survey is scheduled to commence in February 2026 over the southern project area, covering Targets 4 and 5, alongside cultural heritage surveys to support future drilling readiness.
Sunrise Bore: Early-Stage Gold Potential
Platina also reported progress on the conditional acquisition of the Sunrise Bore Gold Project, which includes an exploration licence application covering 12km² in the Laverton district. The project encompasses 3.6km of prospective strike, including a 0.8km mineralised trend that has seen limited exploration for several decades.
Exploration plans for Sunrise Bore include ground geophysics to define key structures, followed by reverse circulation drilling. Completion of the acquisition is subject to the grant of the tenement, expected in March or April 2026, pending cultural heritage agreement finalisation.
Mt Morgans South - Expanding Laverton Gold Exposure
During the quarter, Platina conditionally acquired a 100% interest in the Mt Morgans South Gold Project, expanding its Laverton landholding to more than 312km². The project comprises multiple exploration and prospecting licences located southwest of Laverton. Planned work includes historical data compilation, heritage agreements, and soil sampling across identified anomalies.
Corporate and Financial Update
As at the end of the December 2025 quarter, Platina reported cash holdings of A$11.29 million. In December, the company received early release of a US$1 million warranty retention bond associated with the 2023 sale of its scandium project, further supporting its balance sheet.
Shares of PGM traded at AUD 0.035, up 3% on 28 January 2026.
