Platina Launches Aircore Drilling Across Challa & Beete Gold Projects in WA


 

Platina Resources Limited (ASX: PGM) has commenced a comprehensive aircore drilling campaign targeting its Challa and Beete gold projects in Western Australia. The two simultaneous programs aim to delineate extensions of previously identified gold anomalies and provide critical data ahead of potential deeper drilling campaigns At the Challa Project, situated 55 km east of Mt Magnet in the Murchison region, the program includes 1,690 m across 14 closely spaced holes. This follows an earlier aircore hole (CHAC0155) that intersected 12 m at 0.66 g/t Au from 100 m, including 4 m at 1.7 g/t Au . The current drilling focuses on the northwest-trending splay of the Challa shear zone—geologically and geochemically compelling—seeking to enhance the current understanding of the structure and define its mineral extent

At the Beete Project, roughly 50 km southeast of the high-grade Norseman mining centre, the program comprises 1,536 m over 39 holes. These follow up on anomalous gold and arsenic results obtained in the first-phase drilling, now aimed at infill to better resolve the geology and mineral footprints before any further drill planning .

The dual campaign reflects Platina’s strategic pivot toward advancing multiple WA gold assets. According to Managing Director Corey Nolan, the programs are designed to “test the current geological interpretation before the junior carries out any further work at the target”

These drill efforts build on previous successes, such as diamond drilling below the Cleopatra geophysical target at the Xanadu project—which returned 16.1 m at 0.2 g/t Au from 202 m—highlighting deeper potential in the broader project suite

With a strong balance sheet and rising gold price backdrop, Platina remains well-funded to execute its strategy. It is leveraging state-based incentives, such as EIS co-funding for deeper targets like Xanadu Deeps, to maximise the exploration lift from current results

Next Steps & Investor Outlook:

  • Assays from the current aircore drilling campaigns are eagerly awaited, likely within the next several weeks.
  • Positive results could trigger Phase 2 follow-up work, including reverse circulation or diamond drilling at expanded targets.
  • The company’s aggressive multi-project strategy, supported by robust cash balances, is expected to drive value-enhancing outcomes in the coming months.

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