Press Release Style — “Platina Resources Acquires Highly Prospective Mt McKenna Gold Project in Laverton District


Platina Resources Expands Laverton Footprint with Strategic Acquisition of Mt McKenna Gold Project

Opening Summary:
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.

Historical Highlights & Exploration Opportunity:

  • Rock chip samples returned exceptional grades: 248 g/t, 21 g/t, 5 g/t, alongside RAB drill intercepts like 16 m @ 1.05 g/t and 15 m @ 0.87 g/t gold.
  • Historical drilling was shallow — ~99% < 95 m deep — leaving deeper structures underexplored.

Platina’s Immediate Plan:

  • A fast-track exploration program will begin post-cultural heritage survey. It includes reinterpretation of geophysics, ground gravity survey, detailed mapping, infill sampling, aircore and reverse-circulation drilling.

Market Reaction & Forward Outlook:

  • Following the announcement, PGM shares surged by ~20–22%, marking a 10‑month high. The company’s YTD gain stands at over 50%.
  • The acquisition strategically aligns with Platina’s discovery-driven expansion in WA’s highly prospective gold terrains

 

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