Latest Platinum Group Elements News

Redstone Resources has expanded its exploration portfolio and reported deep copper intersections at West Musgrave, but its auditor has flagged material uncertainty over the company’s ability to continue without further funding. The ASX junior ended FY2026 with A$557,426 in cash against A$636,787 of annual Australian tenement commitments.

Conico's statutory loss widened sharply in FY2026, largely because of non-cash share-based payments linked to its recapitalisation. The company ended the year debt free with $2.53 million in cash, but warned that funding remains critical as it prepares for Mt Thirsty drilling.

Rubix Resources ended FY2026 with a $1.283 million loss, only $95,001 in cash and a net asset deficit, prompting its auditor to flag a material uncertainty over going concern. The company’s Paperbark drilling produced an encouraging copper signal, but further exploration depends on fresh funding.

Kingsrose Mining is entering FY27 with A$18.1 million in cash, a fresh CEO and a portfolio that now depends more heavily on permitting, partnerships and capital discipline. The company’s nearest-term opportunity is Penikat drilling in Finland, while its Norwegian projects require new routes to funding or value realisation.

West Coast Silver has secured a prospecting licence immediately west of its Elizabeth Hill mining lease, opening a new near-mine exploration target with historical silver, copper, nickel and palladium anomalism. The company plans to validate the old data before deciding whether to drill.

West Coast Silver has added a 70%-owned prospect immediately west of its Elizabeth Hill silver mine, with historical results pointing to silver, copper, nickel and palladium potential. The targets remain early-stage: the company plans data review, fieldwork and geophysics before deciding whether to drill.

Western Mines Group has identified broad nickel sulphide mineralisation across six holes on the western margin of Mulga Tank, including a shallow 13m zone grading 0.41% nickel. The results also support a geological model that could guide follow-up drilling towards richer zones, ahead of a government-backed seismic survey.

Pivotal Metals has used its FY2026 annual report to position Horden Lake as a larger, better-understood Quebec copper project, with a maiden scoping study targeted for September. The company also expanded Belleterre drilling and added the Bambino project, but remains loss-making and dependent on further funding.

Hawk Resources has obtained all necessary government approvals to begin exploration at its Olympus scandium project in Western Australia, targeting a significant scandium anomaly with plans to fast-track drilling.

Verity Resources has renewed four prospecting licences in Botswana, safeguarding its stake in high-grade copper-silver and nickel-copper-PGE projects including Airstrip, Dibete, and Maibele North for another two years.

Western Mines Group has reported strong Phase 5 assay results from its Mulga Tank Project, revealing broad nickel sulphide intersections with promising grades of nickel, cobalt, copper, and platinum group elements that support a hybrid mineral system.

Azzuro Resources has defined maiden JORC (2012) Exploration Targets for its Oval Cu-Ni-PGE and Red Hill Cu-Au-VMS projects in Mongolia, revealing district-scale potential and planning a 14-hole drilling campaign to test priority bodies.