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Platina Resources Limited ( (AU:PGM) ) has issued an update.
Kalamazoo Resources Limited has acquired the Xanadu Gold Project from Platina Resources Limited, adding nine exploration tenements to its Ashburton Gold Project in Western Australia. This acquisition, along with a newly granted exploration license, increases Kalamazoo’s project area and enhances its exploration potential. The company aims to expand its gold resource base and extend the potential life-of-mine, positioning itself to capitalize on the current high gold price environment. A Scoping Study is underway to determine the optimal development pathway for the Ashburton project, expected to highlight strong economic prospects and reinforce Kalamazoo’s market valuation.
More about Platina Resources Limited
Kalamazoo Resources Limited is a company operating in the gold exploration industry, focusing on expanding its gold resource base. Its primary product is gold, and it is actively involved in the exploration and development of gold projects, particularly in Western Australia. The company is strategically enhancing its market position by acquiring new exploration tenements and leveraging favorable market conditions.
YTD Price Performance: 52.94%
Average Trading Volume: 916,400
Technical Sentiment Signal: Hold
Current Market Cap: A$16.77M
See more data about PGM stock on TipRanks’ Stock Analysis page.