# PGM: Phase 4 drilling commences at the Mt McKenna Gold Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149202 Publisher: asx Original announcement: 2026-10-06T21:16:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-06T22:27:59.100Z Atlas analysis updated: 2026-10-06T22:27:59.100Z - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Commencement of new drilling phase to test continuity - Positive factor: Highly encouraging Phase 3 results provide a strong base for Phase 4 - Positive factor: Proximity to major gold projects \(Laverton and Granny Smith\) - Negative factor: Phase 4 results are not yet available \(this is a commencement announcement\) - Negative factor: Historical results mentioned are being re-referenced Facts used in scoring: 6 ## Classification and evidence **Stale Data Re-release** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Play** Polarity: neutral Definition: 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) ### MMKAC0239 [Link to this fact](https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87#fact-drill-facts-0) Mt McKenna · gold Historical result Needs review: historical\_restatement #### 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 factor: High grade intercept - Negative factor: Historical data re-release Evidence · text > 1m @ 7.10g/t Au from 40m \(MMKAC0239\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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 " ### MMKAC0240 [Link to this fact](https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87#fact-drill-facts-1) Mt McKenna · gold Historical result Needs review: historical\_restatement #### 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 factor: Associated with arsenic anomaly - Negative factor: Historical data re-release Evidence · text > 4m @ 1.11g/t Au from 12m \(MMKAC0240\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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 " ### MMKAC0240 [Link to this fact](https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87#fact-drill-facts-2) Mt McKenna · gold Historical result Needs review: historical\_restatement #### 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 factor: Higher grade sub-interval - Negative factor: Historical data re-release Evidence · text > including 2m @ 1.41g/t Au from 40m \(MMKAC0240\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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 " ### MMKAC0240 [Link to this fact](https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87#fact-drill-facts-3) Mt McKenna · gold Historical result Needs review: historical\_restatement #### 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 factor: Mineralisation continues to bottom of hole - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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 " ### MMKAC0194 [Link to this fact](https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87#fact-drill-facts-4) Mt McKenna · gold Historical result Needs review: historical\_restatement #### 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 factor: Ends at bottom of hole - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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 " ### MMKAC0194 [Link to this fact](https://atlas-staging.minestarters.com/news/pgm-phase-4-drilling-commences-at-the-mt-mckenna-gold-project--fd858748-0fe2-41a7-b1e0-190f1db29e87#fact-drill-facts-5) Mt McKenna · gold Historical result Needs review: historical\_restatement #### 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 factor: Higher grade sub-interval - Negative factor: Historical data re-release Evidence · text > including 3m @ 1.13g/t Au from 52m \(MMKAC0194\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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.