Platina Resources Limited (AU:PGM) has released an update.
Platina Resources Limited has made strides in its mission to become a leading exploration company, completing a drilling program at Xanadu West and preparing to commence drilling at the Beete project following cultural heritage clearance. The company boasts a robust cash position with $8.3 million in funds and prospects of receiving up to US$6 million in milestone payments from the sale of a scandium project. Assay results have revealed a large zone of promising oxide mineralisation at the Xanadu West project, which remains open for further exploration.
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