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Platina Resources Limited (ASX:PGM)

ALERT: Price-sensitive ASX Announcement for PGM
Current share price for PGM : $0.022 0.003 (15.79%)+
Announcement
Release
18 Jun 2026 9:38AM
Price at Release
$0.019
Full Release
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Summary
Platina Resources Limited has completed the acquisition of the Mt Morgans South Project from Genesis Minerals Limited. The acquisition includes 18 tenements consisting of four Exploration Licences and 14 Prospecting Licences in the Mt Morgans gold district near Laverton, Western Australia. The transaction involved a cash payment of $100,000 and the issuance of five million Platina shares to Genesis, with an additional milestone payment contingent on the definition of a significant Mineral Resource. Platina plans to initiate a comprehensive exploration strategy at the site.
Key Points
  • Platina Resources completed acquisition of Mt Morgans South Project.
  • Acquisition included 18 tenements in Western Australia.
  • Transaction involved $100,000 cash and five million shares.
  • Potential milestone payment contingent on resource definition.
  • Platina plans comprehensive exploration strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.