Platina Resources Appoints Geoscience Veteran Paul Polito as CEO with Performance Incentives

Experienced Geologist Takes Helm at Platina Resources

Platina Resources (ASX:PGM) has announced the appointment of Dr Paul Polito as its new Managing Director and CEO, effective 20 July 2026. Polito arrives with a formidable resume, boasting more than three decades of experience in exploration, mine geology, and geoscience leadership roles. His background includes senior positions at industry heavyweights IGO Limited and Anglo American Exploration, complemented by a PhD in Geochemistry and a post-doctoral fellowship at Queens University, Canada.

The appointment comes as Platina continues to focus on its Western Australian gold tenements, with Polito based in Perth to oversee these operations. This leadership change follows the company’s recent strategic moves, including the farm-in deal with NE Minerals that shifts capital risk while maintaining exposure to the Brimstone Gold Project.

Performance-Linked Remuneration Aligns Interests

Polito’s remuneration package is designed to tightly link reward with Platina’s operational success and share price growth. The fixed salary stands at $330,000 per annum, exclusive of superannuation, supplemented by a short-term incentive of up to 30% of base salary. More notably, his long-term incentives comprise performance rights across six tranches, totaling up to 12 million rights, each contingent on specific milestones.

These milestones include maintaining a zero long-term injury record annually, achieving a 150% increase in Platina’s share price VWAP over three years, and hitting significant exploration targets such as a drill intercept equivalent to 20 gram metres of gold within Platina’s tenements. Further incentives hinge on delivering a JORC-compliant mineral resource estimate of at least 500,000 ounces of gold equivalent at a minimum 2 g/t grade, and completing both preliminary and definitive feasibility studies within set timeframes.

The structure reflects a clear strategy to incentivise Polito to drive discovery and development milestones that could materially enhance shareholder value. The company’s recent Laverton drilling campaign and project expansions underscore the operational backdrop against which these targets will be pursued.

Transition and Leadership Continuity

Current CEO Corey Nolan will continue in his role until Polito’s commencement, after which he will step down as a director but remain in his executive position until the handover is complete. Platina’s Chairman Brian Moller expressed confidence in Polito’s ability to spearhead the company’s next phase, highlighting his skill set as ideal for unlocking the potential of Platina’s tenements.

Polito himself emphasised his commitment to working with the board and exploration team to convert the company’s discovery opportunities into long-term value for shareholders, signalling a proactive leadership approach. With Platina’s exploration portfolio actively evolving, the new CEO’s performance will be closely watched as drilling results and resource updates emerge.