Platina Resources Limited (ASX: PGM) has taken a significant leap forward in strengthening its presence in Western Australia’s Eastern Goldfields, announcing the acquisition of the Mt Morgans South Gold Project from Genesis Minerals Limited. The move almost doubles the Company’s exploration footprint in the prolific Laverton district to more than 312km², reinforcing Platina’s ambition to build a compelling gold project portfolio in one of Australia’s most productive mineral provinces.
The newly acquired project, covering 126.4km², is strategically situated approximately 35km southwest of Laverton and just 45km from Platina’s recently acquired Mt McKenna and Sunrise Bore gold projects. The geographical proximity enables operational synergy and consolidated exploration planning across a wider mineralised corridor.
Figure 1: Project location map showing Mt Morgans South, Mt McKenna, and Sunrise Bore. [Platina Resources]
Prime Geological Setting Surrounded by Major Gold Operations
Mt Morgans South sits within the Laverton Archean greenstones, highly prospective terranes well known for hosting multimillion-ounce gold deposits. The project lies just 6km west of the Jupiter gold mine and 7.5km southeast of the Westralia Gold mine, together forming part of the established Mt Morgans Gold Operations with a combined 3.4Moz resource. To the east, the world-class Wallaby gold mine adds a further 3.9 Moz, while Iceni Gold Ltd’s promising Guyer prospect lies directly south.
Platina’s Managing Director, Mr Corey Nolan, emphasised the attraction of the strategic location. He stated: “Mt Morgans South is nestled between world-class deposits to the north and northeast, and adjacent to Iceni Gold’s Gold Road joint venture to the southwest.”
He further highlighted: “The region’s strong potential has been further highlighted by the $44 million exploration joint venture between Iceni Gold and Gold Road on adjoining tenements to the south, where drilling is already underway.”
Figure 2: Positioned south of Mt Morgans and easily reached from Laverton, the project benefits from excellent regional access. [Platina Resources]
Three Highly Prospective Target Zones
The acquisition provides Platina with exposure to three distinct geological domains across the Eastern Goldfields Superterrane greenstones:
Project North: Brewery Well to Smith Well
This zone is positioned on the southern margin of the Mt Margaret Anticline and influenced by the regionally significant Celia Fault. Historical drilling indicates favourable settings for shear-hosted gold deposits similar to the nearby Westralia and Morgans North deposits.
Project East: Horse Head and Cedar Island
Traversed by the Celia Fault system, this area displays structural complexity and a distinct antiformal magnetic feature. Cedar Island is interpreted as a syenite intrusion, an important host rock style commonly associated with large gold systems in the Yilgarn.
Project West: Ghan Well and Acacia Well
Situated along a sheared granite–greenstone contact, this zone resembles the mineralised corridor of Iceni Gold’s Guyer prospect. Historical drilling has returned encouraging results, including multiple >1 gram x metre intercepts.
Comprehensive Exploration Strategy Underway
Platina will implement a staged exploration program across the expanded landholding. Key activities include:
- Detailed compilation of historical exploration data
- Cultural heritage planning under the heritage agreement currently being progressed with the Nyalpa Pirniku native title holders
- Follow-up soil sampling and geophysical interpretation
- Definition of priority drilling targets across the three geological zones
The Company is acquiring the tenements for $100,000 cash and $100,000 in Platina shares, with an additional milestone payment of $550,000 in cash or shares due upon the definition of a 200,000oz JORC resource.
Figure 3: A map illustrating mineralised trends derived from historical exploration data, highlighting Platina’s near-term exploration targets alongside the tenement positions of key gold industry participants. [Platina Resources]
A Strengthened Position in a Rising Gold Market
Platina’s expansion comes at a time of robust gold market performance. As of today:
- Current Gold Price: US$4,209.28
- Daily Change: +20.40 (+0.49%)
- 1-Day Performance: +0.53%
- 30-Day Performance: +1.91%
- 6-Month Performance: +25.99%
- 1-Year Performance: +53.96%
- 5-Year Performance: +127.67%
- 20-Year Performance: +695.03%
These long-term gains underscore the resilience and investment appeal of gold. With exploration activity intensifying across the Eastern Goldfields, Platina’s expanded footprint offers strong leverage to continued gold demand and price growth.
Figure 4: Rise of the price of gold in the last 1 year [Goldprice]
Figure 5: Infographic showing uses of Gold in different industries
A Region Shaped by Historic and Modern Discovery
The Mt Morgans area has produced more than 370,000 ounces of gold since the late 1800s. Modern exploration through the 1980s–2000s by tier-one operators including Placer, CRA, Anglogold, and Dacian Gold—generated extensive datasets, drilling, and sampling results. More recent work by Dacian between 2021 and 2023 delivered substantial drilling campaigns totalling over 24,000 metres, providing Platina with a robust foundation for immediate follow-up.
Figure 6: Section displaying mineralisation and interpreted geology from hole 22RKRC0010 in the Project West (Ghan Well–Acacia Well) area, covering ±250 m. No drilling exists 750 m north or 480 m south, with Iceni Gold’s Guyer prospect beginning just outside the southern boundary. [Platina Resources]
Strategic Fit with Platina’s Portfolio
The acquisition aligns seamlessly with the Company’s strategy of advancing early-stage metals projects toward development, monetisation, or joint venture. The consolidation of Mt Morgans South, Mt McKenna, and Sunrise Bore into a single exploration hub provides the Company with:
- Economies of scale in exploration
- Consolidated geological modelling
- Streamlined heritage and pastoral access
- A stronger position for future resource definition
With multiple gold-bearing structures, favourable host lithologies, and proximity to processing facilities, the enlarged landholding enhances Platina’s potential to identify significant new gold resources.
Investor Outlook: Strong Momentum Backed by Market Performance
Platina’s share price has responded positively to its strategic expansion and improving gold fundamentals. Current ASX trading indicators reflect strong momentum:
Share Price Activity (ASX)
- Last Price: $0.034 [as of December 10th, 2025]
- Change: +0.005 (+17.24%)
Performance Metrics
- 1 Week: +6.25%
- 1 Month: +21.43%
- 2025 YTD: +100.00%
- 1 Year: +70.00%
- vs Sector (1yr): +51.93%
- vs ASX200 (1yr): +67.82%
Figure 7: Share price performance of Platina Resources in 2025 [ASX]
Platina Resources is valued at a market capitalisation of $21.93 million in the market. The Company’s expanding footprint in a world-class mining district, combined with bullish gold market conditions, positions Platina Resources for increasingly favourable investor sentiment. The acquisition is expected to catalyse further exploration results, portfolio growth, and potential resource definition, offering shareholders strong upside exposure to one of Australia’s most prolific gold regions.
