Completion of Sunrise Bore Acquisition and Drilling to Begin
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| Stock | Platina Resources Ltd (PGM.ASX) |
|---|---|
| Release Time | 26 Jun 2026, 9:10 a.m. |
| Price Sensitive | Yes |
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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.
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