PGM Price sensitive 27 Jan 2026, 1:44 PM

Quarterly Activities/Appendix 5B Cash Flow Report

Platina Resources Ltd

Platina Reports Quarterly Activities and Cashflow

Key points

  • Expanded Laverton footprint to >312km² with conditional acquisition of Mt Morgans South and Sunrise Bore Gold Projects
  • Completed maiden Mt McKenna aircore drilling, identifying 1.5km mineralised structure
  • Strengthened balance sheet with early release of US$1.0m scandium project warranty retention bond

Full summary

Platina Resources Ltd reported its quarterly activities and cashflow for the period ended 31 December 2025. The company expanded its Laverton footprint to over 312km² through the conditional acquisition of the Mt Morgans South and Sunrise Bore Gold Projects. At the Mt McKenna Project, Platina completed a maiden 6,056m aircore drilling program across 126 holes, defining a 1.5km mineralised structure with multiple gold intersections. The company also strengthened its balance sheet with the early release of the US$1.0m (~A$1.5m) scandium project warranty retention bond. Platina plans to follow up the Mt McKenna aircore results with reverse circulation and/or slimline RC drilling, as well as ground gravity surveys and cultural heritage surveys to facilitate further exploration. At the Sunrise Bore Gold Project, Platina highlighted the project's exploration potential, including a 0.8km long mineralised trend that has not been explored for nearly 30 years. The company also outlined plans to implement a comprehensive exploration strategy at the newly acquired Mt Morgans South Gold Project. Elsewhere, Platina continued progress at its Beete, Brimstone, and Jubilee projects, while relinquishing the Mt Narryer Project and finalizing the sale of the Xanadu Project. The company ended the quarter with A$11.29 million in cash.

Summary generated by a large language model. Please interpret with care.

Sign in for more about this company, including guidance changes and other insights.
Sign in