Mt McKenna Gold Project - Back-to-back drilling programs

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Stock Platina Resources Ltd (PGM.ASX)
Release Time 12 Feb 2026, 8:11 a.m.
Price Sensitive Yes
 Platina Resources to commence back-to-back drilling programs at Mt McKenna Gold Project
Key Points
  • Phase 2 aircore drilling program at Target 2 to commence in late February
  • Systematic exploration along 20km of the greenstone belt at Mt McKenna, focusing on Targets 4 and 5
  • Initial work to include geological mapping, ground gravity surveys, and other geophysical programs
Full Summary

Platina Resources Limited (ASX: PGM) is advancing plans for consecutive drilling programs across multiple exploration targets at its Mt McKenna Project near Laverton, Western Australia. The Phase 2 aircore drilling program at Target 2, one of five prospective target areas at Mt McKenna, is due to start in late February where the company has existing cultural heritage clearances. This program is designed to test priority geochemical and geological anomalies and marks the first in a series of drilling campaigns planned throughout 2026. Multiple mineralised structures were discovered in the first phase drilling at Target 2 in November 2025. In parallel, Platina will advance systematic exploration along approximately 20km of strike length of the greenstone belt associated with the Granite Well Fault at Mt McKenna. Initial work will focus on Targets 4 and 5 and will include detailed geological mapping, ground gravity surveys, and other geophysical programs to refine aircore drill targets. Cultural heritage clearance surveys are expected to commence in late-February, and aircore drilling will follow. Targets 4 and 5 are regarded as high priority targets with two regional structures converging around the diorite hill (mafic-ultramafic) intrusive complex. Multiple features between this complex and the syenite intrusive on the western section of the tenement exhibit geophysical characteristics consistent with the nearby Sickle-style gold deposit. Platina's exploration strategy aligns with methods successfully applied to define other gold orebodies in the Laverton region where near-surface depletion is common. Results from Phase 2 aircore drilling at Target 2 and initial drilling at Targets 4 and 5, along with supporting exploration datasets, are expected to define priority targets for follow-up reverse circulation (RC) drilling. The first RC program is planned to commence in April.

Outlook

Platina is well-funded and is actively catalysing discovery-driven value from its eastern goldfields portfolio, including the highly prospective Mt McKenna project covering over 20km of favourable greenstones, structures, and intrusives close to established infrastructure. The company is working hard to unlock the project's significant potential.