#ExplorationIncentiveScheme

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Platina Resources Ignites Ambitious Drilling Campaign Across Western Australia

Unearthing Opportunities: Platina's Strategic Drilling Initiatives

Platina Resources Limited (ASX: PGM) is embarking on a comprehensive drilling campaign across its key Western Australian gold projects—Challa, Beete, and Xanadu. This initiative underscores the company's commitment to unlocking the mineral potential of underexplored regions within the prolific Yilgarn Craton and Ashburton Basin

Challa Project: Targeting the Challa Shear Zone

At the Challa Gold Project, Platina plans to drill 14 aircore holes totaling 1,690 meters. This program aims to test the strike extension of a significant gold intersection of 12 meters at 0.66g/t Au, including 4 meters at 1.7g/t Au, identified in hole CHAC0155. The prospect lies along a northwest-trending splay of the craton-scale Challa Shear Zone, an area known for its structural complexity and potential for gold mineralization.

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🌟 Platina Resources Secures Major Grant for Xanadu Gold Project! 🌟

🚀 Exciting Milestone for Platina Resources (ASX: PGM)

Platina Resources has secured a $54,750 government grant to accelerate exploration at its flagship Xanadu Gold Project in Western Australia! 💰💎 This grant under the Exploration Incentive Scheme (EIS) will fund up to 50% of direct drilling costs at the Cleopatra South Prospect. 🏆

🔍 Key Highlights:

🛠️ Targeted Drilling Campaign

Focus on 800m-long arsenic trend at Cleopatra South.

Drilling depth: Up to 380m to uncover the gold source.

Start Date: December 2024 (weather and rig availability permitting). 🏗️

Strategic Location: Adjacent to Kalamazoo Resources’ 1.44M oz Mt Olympus deposit. 🌍

💡 Exploration Strategy

Platina is targeting the 10km mineralised corridor for deeper sulphide potential.

Prior work has already revealed widespread gold oxide mineralisation. 🏅

🔒 Project Potential

The Xanadu Gold Project is positioned along the 470km Nanjilgardy Fault Zone, with substantial exploration opportunities in a gold-rich region. 💎

🎯 Future Growth Drivers

Diamond drilling set for 4QCY24 at Xanadu.

Geophysics and air-core drilling at Beete Gold Project in 1QCY25.

The gold market is booming, providing a favorable environment for Platina’s exploration efforts. 📈

💼 Strong Financial Position

Cash reserves of A$12.695M.

Zero debt and robust market standing with an A$11.84M market cap. 💵

🔗 Stay tuned for more updates! Platina is primed to unlock the full potential of its projects and create exciting opportunities for investors. 🚀