Platina outlines fully funded 2026 gold exploration strategy

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Stock Platina Resources Ltd (PGM.ASX)
Release Time 5 Feb 2026, 9:39 a.m.
Price Sensitive Yes
 Platina outlines fully funded 2026 gold exploration strategy
Key Points
  • Planned 20,000m of aircore and reverse circulation drilling in 2026
  • Focused on Laverton Gold District, including Mt McKenna, Sunrise Bore, and Mt Morgans South
  • Strong balance sheet with A$11 million in cash to fund exploration without equity dilution
Full Summary

Platina Resources Limited (ASX: PGM) is proceeding with a fully funded, multi-project exploration strategy for 2026, focused on systematic drilling and discovery across its highly prospective Western Australian gold portfolio. In excess of 20,000m of aircore and reverse circulation (RC) drilling is planned in 2026, predominantly in the first half of the year and largely within the Laverton Gold District which hosts the Company's Mt McKenna, Sunrise Bore and Mt Morgans South projects. The Laverton region is host to multiple world-class mines and gold deposits and is supported by the Laverton township, which provides a well-established hub offering excellent access, essential services and multiple nearby gold processing plant options. Programs will be sequenced to maintain continuous activity enabling execution synergies and steady news flow as projects progress through permitting and target definition. The 2026 exploration priorities include: Mt McKenna - Back-to-back drilling programs planned to commence in early 2026, targeting multiple priority exploration zones across more than 20km of prospective greenstone stratigraphy; Sunrise Bore - Resource definition RC drilling planned following the grant of the tenement, targeting a highly prospective gold system within a proven mineralised corridor not drilled since 1997; Mt Morgans South - Pending transaction completion, exploration and drilling activities to be advanced across a suite of shear and intrusion related gold targets; and Beete - Exploration planned later in 2026, providing additional depth and optionality within Platina's growing gold portfolio. Platina enters 2026 with a strong balance sheet, with approximately A$11 million in cash, enabling full execution without compromise or near-term equity dilution.

Guidance

Platina plans over 20,000m of aircore and reverse circulation drilling across its Western Australian gold portfolio in 2026, predominantly in the first half of the year.

Outlook

Platina's 2026 exploration strategy is focused on systematic drilling and discovery across its highly prospective Western Australian gold portfolio, with a strong balance sheet to fund the programs without near-term equity dilution.