Platina Resources Limited (ASX: PGM) has taken another decisive step in its growth strategy with the acquisition of the Sunrise Bore Gold Project in Western Australia’s Laverton district. The move, announced on 20 October 2025, extends the Company’s landholding south of its recently acquired Mt McKenna Project, positioning Platina alongside some of the region’s most prolific gold deposits, including the multi-million-ounce Sunrise Dam gold mine.
This strategic acquisition reinforces Platina’s commitment to unlocking value in Australia’s most productive gold belts, at a time when global gold prices have surged to USD 4,263.19 per ounce, reflecting a 1.47% daily increase and a remarkable 53.01% gain year-on-year, according to goldprice.org.
Figure 1: Project Overview and Geological Advantage
The Sunrise Bore Gold Project lies approximately 44 km south of Laverton, covering 11.99 km² under a pending exploration licence (E 38/4038). The project is strategically located within the Laverton Tectonic Zone, a geological corridor renowned for hosting world-class gold deposits such as Granny Smith, Wallaby, and Sunrise Dam.
Sunrise Bore’s mineralisation straddles a major north–south fault hosting the Keringal Mine (450 koz Au) to the north, and sits adjacent to the Golden Delicious (240 koz Au) and Jubilee (145 koz Au) deposits. More than 800 metres of mineralisation have been defined by historical drill lines, highlighting wide high-grade intersections such as:
- 84 m @ 3.13 g/t Au from 16 m in SBRC003 (including 1 m @ 84.2 g/t Au)
- 6 m @ 4.97 g/t Au from 57 m in SBRC004
- 22 m @ 1.01 g/t Au from 48 m in SKRC017
Mineralisation remains open along strike, down dip, and plunge, offering considerable potential for resource expansion once modern exploration begins.
Figure 2: MD Corey Nolan: “An Opportunity to Unlock Value”
Platina’s Managing Director Mr Corey Nolan described Sunrise Bore as a highly promising addition to the Company’s Laverton portfolio: “With no modern exploration undertaken at Sunrise Bore since 1998, and given the current strength in gold prices, we see this as an opportunity to unlock the value of the project which is in close proximity to infrastructure and numerous processing plants,” Mr Nolan said.
Mr Corey Nolan is an expert mining executive and public company director with over 25 years of experience in acquiring, financing, exploring, and developing resource projects. He served as the CEO of Sayona Mining Limited, where he played a pivotal role in identifying and securing the Authier Lithium Project in Canada. Under his leadership, the project’s resource base expanded significantly, supported by extensive metallurgical work and feasibility studies, while Sayona’s market capitalisation and funding capacity grew markedly.
Figure 3: Mr. Corey Nolan, Managing Director of Platina Resources [Source: LinkedIn]
Acquisition Details and Terms
Under the conditional acquisition agreement, Platina will acquire 100% of Bravo Minerals Pty Ltd, the owner of the Sunrise Bore tenement application. Completion is subject to the grant of the exploration licence.
The consideration structure includes:
- A non-refundable A$25,000 deposit, payable within seven days of execution,
- A$375,000 in cash upon completion,
- A$800,000 in Platina shares, to be issued based on a 15-day VWAP and subject to escrow, and
- A 1% Net Smelter Royalty (NSR) on completion.
This well-balanced mix of cash and equity reflects Platina’s disciplined capital management approach as it builds a strong exploration pipeline in the Laverton region.
Regional Significance in the Laverton Goldfield
The Laverton district remains one of Australia’s most resource-rich gold provinces. Platina’s growing presence in the region, now encompassing both Mt McKenna and Sunrise Bore, places the Company in a prime position to leverage shared infrastructure, processing facilities, and local expertise.
The Sunrise Bore tenement also benefits from proximity to the Sunrise Dam haul road and Mt Weld Station – Hack Well – Wilga track, which provides year-round access. Station tracks offer 4WD access throughout the project area, which, in turn, ensures year-round exploration mobility. The nearby Laverton regional airport provides multiple weekly flights from Perth. The terrain is characterised by low scrub, active alluvial channels, and salt pans.
Figure 4: Location of the Sunrise Bore Project and its access routes from Laverton
Mr. Nolan has mentioned that the project’s location offers operational and logistical synergies with Platina’s Mt McKenna Project, enhancing efficiency and reducing costs: “The project is strategically located near Laverton, which will operate as a central hub for all our projects in a cost-effective approach. Importantly, it shares the same Native Title Group, Nyalpa Pirniku, as Mt McKenna, which will streamline engagement and operational planning.”
Market Performance and Investor Confidence
Platina Resources’ share price has shown strong momentum leading up to and following the Sunrise Bore announcement. As on 20th October 2025, PGM traded at $0.029, giving the Company a market capitalisation of $19.99 million within a 52-week range of $0.017 to $0.045.
The past week saw a notable surge in trading volume, climbing from 981,000 shares on 14 October to 6.7 million shares on 20 October, far exceeding the five-day average. This sharp rise in volume underscores growing investor interest in Platina’s Laverton expansion.
Figure 5: Gigantic rise in the trading volume of Platina Resources shares on 20th October [Source: ASX]
Over various timeframes, PGM’s performance has been robust:
- +11.54% over the past month
- +70.59% YTD (2025)
- +38.10% over 1 year
- Outperforming its sector by +24.88%, and
- Beating the ASX 200 by +29.37% on a 1-year basis.
Such figures signal strong market conviction that Platina’s strategic acquisitions and disciplined exploration approach are translating into tangible shareholder value.
Gold Market Context: A Strong Tailwind
Global gold prices continue to provide a powerful tailwind for Australian explorers and producers alike. As of 22:41 NY time, the gold price had gained USD 62.96 (+1.50%) for the day and USD 461.14 (+12.33%) over the past 30 days. Longer-term performance was stellar, with six-month gains of 26.74%, one-year gains of 53.01%, and an impressive 118.19% rise over five years.
Figure 6: Rise in the price of Gold in the last 1 year in AUD/oz [Source: Goldprice]
Also, the global demand for gold remains strong, reinforcing the favourable market conditions supporting Platina Resources’ latest acquisition. In the first quarter of 2025, investment demand reached around 552 metric tonnes, surpassing all other uses such as jewellery, technology, and central bank purchases. This sustained appetite reflects gold’s enduring role as a safe-haven asset, particularly during periods of financial uncertainty.
Figure 7: Demand for gold worldwide by purpose, quarterly, from 2016 to 2025 [Source: Statista]
Overall, global gold demand in 2024 exceeded 4,600 metric tonnes, underscoring a robust and stable market outlook. Against this backdrop, Platina’s expansion into the Laverton district through the Sunrise Bore Gold Project positions the Company to capitalise on rising investor demand and historically high gold prices.
Investor Outlook
Investor sentiment around Platina Resources has turned decisively positive. The stock’s recent rally, coupled with substantial trading volumes, reflects renewed confidence in management’s strategic direction and the underlying potential of its Laverton assets.
As the gold price continues to trend upward and drilling recommences at Sunrise Bore, market participants will be closely watching for early exploration results and resource updates. With a modest market capitalisation of $19.99 million and strong exposure to rising gold prices, Platina Resources represents a compelling growth story within the Australian junior gold exploration space.
Backed by a proven management team and supported by robust geological potential, Platina’s expansion into Sunrise Bore marks another milestone in its pursuit of sustainable shareholder value and regional gold dominance.
