PGM Price sensitive 26 Jun 2026, 9:10 AM

Completion of Sunrise Bore Acquisition and Drilling to Begin

Platina Resources Ltd

Platina Completes Sunrise Bore Acquisition, Drilling Begins

Key points

  • Platina Resources acquired the Sunrise Bore Project from Bravo Minerals
  • Phase one drilling program starts today to test mineralized trend
  • Acquisition includes cash, shares, and a royalty

Full summary

Platina Resources Limited (ASX: PGM) has completed the acquisition of the Sunrise Bore Project from Bravo Minerals Pty Ltd, acquiring a 100% interest in Exploration Licence E38/4038 in the Mt Morgans gold district. The acquisition was settled with a combination of cash, shares, and a royalty. A Phase 1 drilling program, consisting of 23 holes for approximately 2,775 meters, will commence immediately to test a section of the 1.2km historically identified mineralized trend within a 3.6km structural corridor. The project is located in a highly prospective gold exploration corridor with limited modern exploration since 1998.

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

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