Platina Resources Limited (AU:PGM) has released an update.
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Platina Resources Limited is set to escalate exploration and drilling at their Xanadu and Challa gold projects in Western Australia, backed by a substantial milestone payment from the sale of another project to Rio Tinto. Capitalizing on a robust cash position, the company aims for shareholder value enhancement through aggressive drilling schedules and potential discovery across their prospects. The recent drilling at the Hermes and Deeps prospects within the Xanadu project has revealed promising gold mineralization, indicating a larger mineralized system.
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