Platina’s Beete Project is in close proximity to a number of major gold resources and deposits. Source: Platina Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Platina Resources (PGM) commences a major exploration campaign at its recently acquired Beete and Brimstone gold projects in Western Australia
  • Once permitting and logistics is finalised, Platina will begin drilling at Brimstone, which lies 40 kilometres northeast of Kalgoorlie
  • Platina is close to finalising a cultural heritage agreement at Beete, covering the northern extent of the tenement with the Ngadjus people
  • The company’s short-term plan is to focus its resources on the new projects where it believes the logistics and permitting processes can be completed quickly
  • Shares in Platina ended the day steady at 1.8 cents

Platina Resources (PGM) has commenced a major exploration campaign at its recently acquired Beete and Brimstone gold projects in Western Australia.

As a priority, a soil sampling program will begin at Beete which lies 50 kilometres southwest of Norseman, an area that has not been systematically explored historically.

Once permitting and logistics is finalised, Platina will commence a drilling program at
Brimstone, which lies 40 kilometres northeast of Kalgoorlie.

Managing Director Corey Nolan said that Beete’s potential was very promising given its strategic location between the Norseman Mining Centre and Aruma Resources’ (AAJ) recently discovered Salmon Gums project.

“Gold was first discovered at Beete in 1958 and very-high-grade mineralisation was mined during the late 1950’s intermittently until 1976, highlighting the potential of the tenement.”

Platina is close to finalising a cultural heritage agreement at Beete covering the northern extent of the tenement with the Ngadjus people.

Concurrently, the company has submitted a program of works (POW) application with the Department of Mines, Industry, Regulation and Safety (DMIRS) to commence an auger
drilling program.

At Brimstone, a POW application has been approved and heritage survey clearances have been obtained for the Garibaldi prospect.

Currently, Platina is in discussions with the cultural heritage groups with a view to obtaining clearances for drilling on other prospects so it can commence a comprehensive multi-prospect drilling program in early February.

For the company’s other projects, Platina’s short-term plan is to focus its resources on the new projects where it believes the logistics and permitting processes can be completed quickly.

Work programs will be developed and implemented at the other projects later in 2023.

Shares in Platina held steady at 1.8 cents at market close.

PGM by the numbers
More From The Market Online
The Market Online Video

ASX Daily Close: ASX matches futures prediction on a green Friday | 21 June 2024

The ASX200 reversed its trend to end the week in the green, up 0.35%. Nearly all…
The Market Online Video

ASX Market Update: Stocks swing from green with energy to remorseful red | 21 June, 2024

The ASX200 came out the gate in the green on Friday, but slipped well below the red line within the first hour of

Week 25 Wrap: No RBA cut yet; India stocks shake off Modi jitters; China concerns remain

The RBA keeps rates on pause; Guzman Gomez falls nearly -5% on Friday; Droneshield's new ATH;…

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

The one defining feature of our post-COVID 'new normal' is a USA swing towards domestic supply…