Platina Resources Limited
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Paul Polito
- Full Time Employees
- 5
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 389 Oxford Street Mount Hawthorn WA Australia 6016
- IPO Date
- Apr 13, 2006
- Website
- platinaresources.com.au
- Similar Companies
- Business
- Platina Resources Limited (ASX:PGM) is an Australia-based mineral exploration company focused on acquiring, exploring and developing precious metals projects, primarily gold deposits in Western Australia's premier gold regions including the Yilgarn Craton, Pilbara Craton, Eastern Goldfields and Laverton district; it targets platinum group metals, zinc, base metals and specialty metals such as scandium. The company holds 100% interests in its principal projects comprising the Mt McKenna Gold Project east of Laverton with high-grade rock chips up to 248 grams per tonne gold; the conditional Sunrise Bore Gold Project adjacent to the multi-million ounce Sunrise Dam mine; the Challa Gold Project with recent assay results including 12m at 0.66g/t gold and 4m at 1.7g/t gold and planned RC drilling; the Xanadu Gold Project in the Ashburton Basin where diamond drilling targets deeper sulphide potential beneath oxide mineralisation supported by an AU$54,750 Exploration Incentive Scheme grant; the Beete Gold Project; Mt Narryer; Brimstone near Kalgoorlie; Binti Binti; and Jubilee Gold Project, alongside investments in other mining entities. Founded in 2006 and headquartered at 389 Oxford Street, Level 2 Suite 9, Mount Hawthorn, Western Australia, Platina operates solely in Australia with a well-funded position including A$12.3 million cash at recent quarter end and potential milestone payments of A$4.5 million. Recent developments include the September 2025 acquisition of the Mt McKenna project through purchase of Jasper Exploration Pty Ltd for A$320,000 cash, 20 million shares and a 1.5% net smelter royalty (with 50% buyback option), plus A$25,000 and 1.75 million shares to advisors; the October 2025 conditional agreement to acquire the Sunrise Bore Gold Project from Bravo Minerals for A$400,000 cash, A$800,000 in shares and a 1% net smelter royalty; the September 2025 divestment of the Xanadu project to focus on Laverton area assets like Mt McKenna; and ongoing drilling programs at Challa, Beete and Xanadu with assays pending, following the 2023 sale of its scandium project to Rio Tinto for US$14 million plus US$2 million in potential milestones.
Company News
Scandium Metal Market to Reach USD 1,205.89 Million by 2032 at 8.70% CAGR - Credence Research
Cobalt Miners News For The Month Of January 2023
Cobalt Miners News For The Month Of October 2021
Platina Resources ends FY21 with robust balance sheet as it builds Australian gold portfolio
Cobalt Miners News For The Month Of September 2021
Platina Resources will undertake geophysical program to define Xanadu gold drill targets
Platina Resources' strategic investments offer exposure to exploration success
Platina Resources and JV partner Artemis unlocking Munni Munni project value through strong palladium results
Platina Resources completes Xanadu Gold Project acquisition with shares allotted
Platina Resources to begin gold exploration at expanded Xanadu Project
Platina Resources gains pace in unlocking value of scandium project after market assessment by CM Group
Cobalt Miners News For The Month Of May 2021
Platina Resources welcomes drilling at Munni Munni JV, one of Australia's largest undeveloped palladium resources
Cobalt Miners News For The Month Of April 2021
Platina Resources builds gold presence in Western Australia with Xanadu Project acquisition
Platina Resources in trading halt ahead of finalisation of new project acquisition
Platina Resources in trading halt regarding finalisation of new project acquisition
Platina Resources boosts funds through sale of 6 million Major Precious Metals shares