Can Platina’s $11M Laverton Campaign Deliver the Next Big Gold Discovery?
Platina Resources is set to execute a comprehensive 2026 gold exploration program in Western Australia's Laverton Gold District, backed by a robust $11 million cash position.
- Over 20,000 metres of drilling planned across multiple gold projects
- Focus on Laverton Gold District including Mt McKenna, Sunrise Bore, and Mt Morgans South
- Fully funded exploration strategy with no near-term equity dilution
- Sequential drilling programs to maintain continuous activity and news flow
- Pending completion of Mt Morgans South transaction to expand exploration scope
Platina’s 2026 Exploration Vision
Platina Resources Limited (ASX, PGM) has announced a fully funded and ambitious gold exploration campaign for 2026, targeting some of Western Australia’s most prospective ground in the Laverton Gold District. With a strong cash balance of approximately A$11 million, the company is poised to undertake over 20,000 metres of aircore and reverse circulation drilling, predominantly in the first half of the year.
The Laverton region is renowned for its rich gold endowment, hosting multiple world-class mines and deposits. Platina’s portfolio includes key projects such as Mt McKenna, Sunrise Bore, and Mt Morgans South, all situated within this prolific mineral belt. The proximity to Laverton township offers logistical advantages, including access to essential services and nearby processing facilities, which could accelerate any future development.
Project Priorities and Sequencing
Drilling will kick off at Mt McKenna with back-to-back programs targeting over 20 kilometres of greenstone stratigraphy, a geological setting known to host significant gold mineralisation. Sunrise Bore will follow, with resource definition drilling planned once tenement approvals are secured. This site has not seen drilling since 1997, presenting a fresh opportunity within a proven mineralised corridor.
Meanwhile, exploration at Mt Morgans South is contingent on the completion of a pending transaction. Once finalised, Platina intends to advance drilling across a suite of shear and intrusion-related gold targets, potentially adding substantial depth and breadth to its portfolio. Later in the year, the Beete project will also see exploration activity, further diversifying the company’s gold assets.
Financial Strength and Strategic Execution
Managing Director Corey Nolan emphasised the company’s disciplined approach, highlighting that the strong balance sheet allows Platina to execute its exploration plans without compromise or the need for near-term equity dilution. This financial flexibility is critical in maintaining momentum across multiple projects simultaneously, enabling continuous drilling campaigns and steady news flow to the market.
Platina’s strategy reflects a broader trend among junior explorers to focus on high-quality, well-located assets with clear pathways to resource definition and potential development. The company’s methodical sequencing of programs aims to maximise operational synergies and maintain investor engagement throughout the year.
Looking Ahead
While the exploration outcomes remain uncertain, the scale and funding of Platina’s 2026 program position it well to make meaningful advances in the Laverton Gold District. Success in these drilling campaigns could significantly enhance the company’s resource base and shareholder value, especially given the district’s established reputation for hosting economically viable gold deposits.
Bottom Line?
Platina’s well-funded, multi-project approach sets the stage for a potentially transformative year in gold exploration.
Questions in the middle?
- When will the Mt Morgans South transaction be completed, and how might it impact exploration timelines?
- What initial results can investors expect from the early drilling programs at Mt McKenna and Sunrise Bore?
- How will Platina prioritise follow-up drilling if significant mineralisation is identified during the 2026 campaigns?
