Platina Secures Sunrise Bore Project with High-Grade Gold Intercepts Over 800m

Strategic Expansion in a Proven Gold District

Platina Resources Limited (ASX – PGM) has announced a conditional agreement to acquire the Sunrise Bore Gold Project, a move that broadens its footprint in the highly prospective Laverton gold district of Western Australia. This acquisition follows closely on the heels of Platina’s recent purchase of the Mt McKenna Project, positioning the company to leverage synergies across its expanding portfolio.

Located approximately 44 kilometres south of Laverton, Sunrise Bore sits adjacent to the multi-million-ounce Sunrise Dam gold mine and near other significant deposits such as the Keringal, Golden Delicious, and Jubilee mines. The project area spans nearly 12 square kilometres and is strategically accessible via established haul roads and station tracks, facilitating efficient exploration activities.

Compelling Historical Mineralisation and Exploration Upside

Historical drilling at Sunrise Bore has revealed over 800 metres of gold mineralisation along a major north-south fault system, with notable high-grade intersections including an 84-metre intercept at 3.13 grams per tonne gold and multiple narrower zones exceeding 10 grams per tonne. These results, derived from reverse circulation drilling conducted primarily in the mid-1990s, underscore the project's potential to host economically viable gold resources.

Importantly, the mineralisation remains open along strike, down dip, and plunge, indicating significant upside for resource expansion. The project has not seen modern exploration since 1998, presenting an opportunity for Platina to apply contemporary techniques such as ground geophysics and targeted drilling to unlock value.

Operational and Cultural Synergies

Platina’s Managing Director, Corey Nolan, highlighted the strategic advantages of the acquisition, noting the proximity to existing infrastructure and processing facilities in Laverton. The shared Native Title Group, Nyalpa Pirniku, between Sunrise Bore and Mt McKenna is expected to streamline cultural heritage approvals and operational planning, potentially accelerating exploration timelines.

The company plans a systematic exploration program incorporating ground geophysics and reverse circulation drilling to delineate a mineral resource. The accessible terrain and existing haul roads further support a cost-effective approach to advancing the project.

Acquisition Terms and Next Steps

The acquisition agreement involves a non-refundable deposit of A$25,000, followed by A$375,000 in cash and A$800,000 in Platina shares upon completion, which is contingent on the grant of the exploration licence. Additionally, a 1% net smelter royalty will be payable post-completion.

With the tenement application pending grant and Native Title agreements in progress, Platina is poised to integrate Sunrise Bore into its broader Laverton exploration strategy. The company’s focus will be on compiling historical data, conducting geophysical surveys, and initiating drilling to define and expand the gold mineralisation.