Platina Resources Divests Xanadu Project to Focus on Mt McKenna Gold Exploration

Tip Ranks
2025.09.22 03:28
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Platina Resources Limited has divested its interest in the Xanadu Project to Kalamazoo Resources Ltd. to focus on the Mt McKenna Gold Project. This decision follows unsuccessful drilling programs at Xanadu. Kalamazoo is expected to leverage synergies with its Ashburton Project, while Platina aims to prioritize shareholder capital on projects with higher potential returns. Platina is an Australian company dedicated to advancing early-stage metals projects and holds a 100% interest in several gold projects in Western Australia.