Platina Resources Acquires Highly


 

Platina Resources (ASX: PGM) has secured 100% ownership of the Mt McKenna Gold Project, a 174 km² tenement located just 13 km east of Laverton in Western Australia’s Eastern Goldfields. This acquisition positions the company strongly within a world-class gold district, providing access to nearby infrastructure and promising geological settings.

Deal Details:

  • Acquired all shares in Jasper Exploration Pty Ltd. Consideration: AUD 320,000 in cash, 20 million shares, and a 1.5% net smelter royalty (NSR), with an option to buy back half the NSR at market value. Finders and advisors will receive an additional AUD 25,000 and 1.75 million shares. \

Strategic Location & Geological Potential:

  • Situated near major gold producers like Granny Smith, Wallaby, Sunrise Dam, and Genesis Minerals’ Laverton Project (~3.98 Moz gold). The area features regional faults (Apollo, Granite Well) along greenstone–syenite contact zones, conducive to gold mineralisation.

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