PGM: Phase 4 drilling commences at the Mt McKenna Gold Project
Original announcement by asx on
- Company
- Platina Resources Limited
- Ticker
- PGM
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Arsenic
- Document categories
- Other, Drill results
- Extracted
- 2026-10-06 22:27:59 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Platina Resources has commenced Phase 4 aircore drilling at the Mt McKenna Gold Project in Western Australia. The 53-hole program aims to test the strike continuity and lateral extent of gold mineralisation previously identified during Phase 3.
Reasoning: The announcement marks the start of a new drilling phase (Phase 4) to follow up on strong Phase 3 results, though no new assay data is provided in this specific release.
Positive factors
- Commencement of new drilling phase to test continuity
- Highly encouraging Phase 3 results provide a strong base for Phase 4
- Proximity to major gold projects (Laverton and Granny Smith)
Negative factors
- Phase 4 results are not yet available (this is a commencement announcement)
- Historical results mentioned are being re-referenced
Facts used in scoring: 6
Classification and evidence
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The announcement primarily discusses the commencement of Phase 4 but uses Phase 3 intercepts as its main technical evidence, which were previously reported in a June 2026 release.
Evidence · text
“The most significant results3 were (Figure 2):”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report includes a Competent Person statement by Mr Rohan Deshpande, a member of the AIG, confirming compliance with JORC standards.
Evidence · text
“The information in this Report that relates to the Mt McKenna Project exploration results is based on, and fairly represents, information and supporting documentation reviewed and compiled by Mr Rohan Deshpande”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project is positioned adjacent to Genesis Minerals' Laverton Project and near Goldfields' Granny Smith Gold Mine.
Evidence · text
“The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
MMKAC0239Mt McKenna · goldGrade: 7.1Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MMKAC0239
- Project
- Mt McKenna
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- PGM
Geometry
- Grade
- 7.1
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 40 m
- To
- 41 m
- Intercept Depth
- 40 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMKAC0239:40-41
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: 7.1 g/t Au is a strong intercept, but it is a restatement of Phase 3 results.
Positive factors
- High grade intercept
Negative factors
- Historical data re-release
Evidence · text
“1m @ 7.10g/t Au from 40m (MMKAC0239)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project1 and "
MMKAC0240Mt McKenna · goldGrade: 1.11Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MMKAC0240
- Project
- Mt McKenna
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- PGM
Geometry
- Grade
- 1.11
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 12 m
- To
- 16 m
- Intercept Depth
- 12 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMKAC0240:12-16
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Moderate grade intercept restated from Phase 3.
Positive factors
- Associated with arsenic anomaly
Negative factors
- Historical data re-release
Evidence · text
“4m @ 1.11g/t Au from 12m (MMKAC0240)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project1 and "
MMKAC0240Mt McKenna · goldGrade: 1.41Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MMKAC0240
- Project
- Mt McKenna
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- PGM
Geometry
- Grade
- 1.41
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 40 m
- To
- 42 m
- Intercept Depth
- 40 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMKAC0240:40-42
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Higher grade sub-interval within MMKAC0240 restated from Phase 3.
Positive factors
- Higher grade sub-interval
Negative factors
- Historical data re-release
Evidence · text
“including 2m @ 1.41g/t Au from 40m (MMKAC0240)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project1 and "
MMKAC0240Mt McKenna · goldGrade: 0.61Grade Unit: g/tIntercept: 7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MMKAC0240
- Project
- Mt McKenna
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- PGM
Geometry
- Grade
- 0.61
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 36 m
- To
- 43 m
- Intercept Depth
- 36 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMKAC0240:36-43
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Moderate grade intercept restated from Phase 3.
Positive factors
- Mineralisation continues to bottom of hole
Negative factors
- Historical data re-release
Evidence · text
“7m @ 0.61g/t Au from 36m, including 2m @ 1.41g/t Au from 40m (MMKAC0240)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project1 and "
MMKAC0194Mt McKenna · goldGrade: 0.93Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MMKAC0194
- Project
- Mt McKenna
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- PGM
Geometry
- Grade
- 0.93
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 52 m
- To
- 56 m
- Intercept Depth
- 52 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMKAC0194:52-56
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Moderate grade intercept restated from Phase 3.
Positive factors
- Ends at bottom of hole
Negative factors
- Historical data re-release
Evidence · text
“4m @ 0.93g/t Au from 52m, including 3m @ 1.13g/t Au from 52m (MMKAC0194)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project1 and "
MMKAC0194Mt McKenna · goldGrade: 1.13Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- MMKAC0194
- Project
- Mt McKenna
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- PGM
Geometry
- Grade
- 1.13
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 52 m
- To
- 55 m
- Intercept Depth
- 52 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMKAC0194:52-55
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Higher grade sub-interval within MMKAC0194 restated from Phase 3.
Positive factors
- Higher grade sub-interval
Negative factors
- Historical data re-release
Evidence · text
“including 3m @ 1.13g/t Au from 52m (MMKAC0194)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Mt McKenna Project lies 13km east of Laverton, adjacent to Genesis Minerals’ (ASX:GMD) 3.9Moz Laverton Project1 and "
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.