Platina Resources Ltd (ASX:PGM) is actively exploring high-potential gold projects in the Yilgarn Craton and Ashburton Basin regions of Western Australia — two of the most prospective gold provinces globally.
📊 Company Snapshot
- Market Cap: ~$13.7 million
- Share Price: $0.022
- Shares on Issue: 623 million
- Cash Position: ~$12 million
- Enterprise Value: Near cash backing
- Additional Upside: $4.83 million in potential milestone payments (2026) from previous scandium asset sale
🌏 Strategic Positioning in Western Australia
Western Australia offers a unique advantage with its world-class infrastructure, including:
- Toll treatment and milling options
- Lower capital requirements to commercialise gold assets
- Supportive regulatory and investment environment
This allows companies like Platina to fast-track potential development pathways without significant upfront capital investment.
⚒️ Near-Term Catalysts
- ✅ Challa and Beete Gold Projects:
Recent aircore drilling completed — assay results due later this month
Follows encouraging intercepts from earlier campaigns - 🔍 Potential New Acquisition:
The June quarterly report referenced Platina’s active assessment of new project opportunities
Focus on acquiring high-quality projects with potential to host +1Moz gold deposits
🌟 Advancing the Brimstone Gold Project
- Strategic Location: Near Kalgoorlie on a granted Mining Lease
- Close to Horizon Minerals’ (ASX:HRZ) high-grade Penny’s Find gold deposit
- Ongoing discussions with potential partners to explore and develop the asset
- Building on successful 2023 drilling program
💡 Investment Case
Platina offers:
- Exposure to quality gold exploration in Tier-1 jurisdictions
- A strong balance sheet with minimal dilution
- Near-term exploration news flow and potential acquisition upside
- Active steps toward monetising underexplored, high-potential assets
Disclaimer
Visited 66 times, 1 visit(s) today
