Platina Resources Limited (ASX: PGM) (“Platina” or “the Company”) is proceeding with a fully funded, multi-project exploration strategy for 2026, focused on systematic drilling and discovery across its highly prospective Western Australian gold portfolio.
The strategy centres on systematic drilling across its Western Australian portfolio, with particular focus on the prolific Laverton Gold District. At stake: over 20,000 metres of aircore and reverse circulation drilling, concentrated in the first half of the year, backed by approximately $11 million in cash.
War Chest Meets World-Class Geology
Platina’s cash position gives it operational flexibility most explorers lack. The Laverton Gold District isn’t unknown territory. It hosts over 30 million ounces of endowment, making it Western Australia’s second-richest gold province after Kalgoorlie. Major producers including AngloGold Ashanti’s Sunrise Dam and Gold Fields’ Granny Smith and Wallaby operations all sit within this corridor.
Platina’s tenement package spans this same geological framework. The Company controls 100% interest in a growing portfolio: Mt McKenna, Sunrise Bore, Mt Morgans South, and Beete. Each Project sits along established mineralised structures. Each offers a different risk-reward profile.
“Platina enters 2026 with a clear, disciplined strategy and the financial capacity to drive multiple, well-sequenced exploration campaigns concurrently across its high-quality gold portfolio in the prolific Laverton Gold District,” said Corey Nolan, Platina’s Managing Director.
Figure 1: Platina’s Project locations within the Laverton Gold District, surrounded by world-class mines and deposits [Platina Resources Limited]
Four Projects, One Cohesive Campaign
Mt McKenna leads the charge, with back-to-back drilling programmes set to commence early in 2026, targeting multiple priority zones across more than 20 kilometres of prospective greenstone stratigraphy. Previous work at Mt McKenna has identified encouraging gold structures. The 2026 campaign aims to expand known mineralisation and test new targets generated from recent geophysical surveys.
Figure 2: Mt McKenna geological prospectivity is highlighted by a contact zone between a belt of greenstones and a syenitic intrusion [Platina Resources Limited]
Sunrise Bore represents a different angle. Resource definition RC drilling is planned following tenement grant, targeting a gold system within a proven mineralised corridor untouched since 1997. Nearly three decades of technological advancement in exploration and processing separate the last drill programme from the one Platina is planning. That gap creates opportunity.
Figure 3: Sunrise Bore has large scale exploration potential [Platina Resources Limited]
Mt Morgans South, pending transaction completion, will see exploration and drilling activities advance across shear and intrusion-related gold targets. The geology here mirrors systems that have delivered significant discoveries elsewhere in the district.
Figure 4: Mt Morgans South sits in a highly attractive geological setting [Platina Resources Limited]
Beete rounds out the portfolio, with exploration planned later in 2026. It provides depth and optionality, allowing Platina to sequence work based on results from the other Projects.
The programmes are structured to maintain continuous field activity. Steady exploration momentum means steady newsflow.
Gold’s 2026 Backdrop
Platina’s timing intersects with a gold market that continues to defy gravity. Gold prices surged past US$5,000 per ounce in early February 2026, marking a dramatic continuation of the bull run that began in 2024. The metal has gained nearly 72% year-on-year, driven by central bank buying, currency debasement concerns, and persistent geopolitical tensions.
Figure 5: Gold price chart [Trading Economics]
J.P. Morgan forecasts gold to average US$5,055 per ounce by Q4 2026, with potential to reach US$5,400 by end-2027. Central bank demand is Projected at 585 tonnes per quarter in 2026, reinforcing the structural demand underpinning prices.
High gold prices improve Project economics. They expand the definition of what constitutes economic mineralisation. They extend mine lives. They make marginal deposits viable. For explorers like Platina, they create a fundamentally more attractive backdrop for converting exploration success into value.
Infrastructure Advantage
The Laverton region offers more than just geological prospectivity. The township of Laverton provides established infrastructure, including access roads, accommodation, services, and critically, multiple nearby gold processing plant options. Genesis Minerals recently acquired the Laverton Gold Project for $250 million, highlighting the strategic value major producers place on the district.
Market Response and Investor Outlook
As of 5th February 2026, Platina Resources (ASX: PGM) is currently trading at $0.032 per share, with a market capitalisation of approximately $19.34 million. The stock has traded within a 52-week range of $0.018 to $0.045.
Figure 6: PGM price chart [ASX]
With gold at historic highs, a cash balance of $11 million, and 20,000+ metres of drilling ahead, Platina has positioned itself for a year of sustained newsflow and potential discovery.
