Platina Reports 1.5km Gold Structure at Mt McKenna, Expands Landholding to 312km²

Expanding the Laverton Footprint

Platina Resources Limited has made notable strides in the December 2025 quarter, expanding its Laverton exploration footprint to more than 312 square kilometres. This expansion comes through the conditional acquisition of the Mt Morgans South and Sunrise Bore Gold Projects, both strategically located within Western Australia's prolific Eastern Goldfields region. These acquisitions, pending regulatory and heritage approvals, position Platina to leverage synergies across its growing portfolio in a highly prospective gold district.

Encouraging Drilling Results at Mt McKenna

The company completed its maiden aircore drilling program at the Mt McKenna Project, delivering 6,056 metres across 126 holes. The drilling focused on the northern Target 2 area, testing geological splays off the Granite Well Fault. Results revealed multiple mineralised trends, most notably a coherent 1.5-kilometre gold mineralised structure. Several holes ended in gold mineralisation, with intercepts including 1 metre at 0.64 grams per tonne and 11 metres at 0.36 grams per tonne. Additionally, a 250-metre strike length arsenic anomaly coincident with gold values was identified, indicating potential for further mineralisation extensions.

Financial Position and Strategic Outlook

Platina strengthened its balance sheet during the quarter with the early release of a US$1 million warranty retention bond related to its scandium project sale, translating to approximately A$1.5 million. The company ended the quarter with a robust cash balance of A$11.29 million, providing a solid foundation for ongoing exploration and development activities. Exploration expenditure for the quarter was approximately A$591,000, reflecting a disciplined approach to advancing its projects.

Ongoing and Future Exploration Plans

Looking ahead, Platina plans to continue its exploration momentum with follow-up reverse circulation and aircore drilling at Mt McKenna to test the depth and southern extensions of the mineralised structures. Ground gravity surveys and heritage clearances are underway to facilitate exploration at newly identified targets within the southern portions of the project area. Similarly, exploration strategies are being developed for the Mt Morgans South and Sunrise Bore Projects, including detailed data compilation, heritage agreements, and geophysical surveys to unlock further value.

Navigating Approvals and Market Expectations

While the conditional acquisitions are subject to customary approvals and cultural heritage agreements, expected to conclude by early 2026, Platina’s methodical approach to exploration and community engagement bodes well for timely progress. The company remains focused on defining resources and advancing its projects towards potential development, with no production reported to date. Investors will be watching closely as assay results and exploration updates unfold in the coming months.