---
title: "Platina Resources Divests Xanadu Project to Focus on Mt McKenna Gold Exploration"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258270072.md"
description: "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."
datetime: "2025-09-22T03:28:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258270072.md)
  - [en](https://longbridge.com/en/news/258270072.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258270072.md)
---

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

Kalamazoo Resources Ltd. ( (AU:KZR) ) has provided an announcement.

Platina Resources Limited has decided to divest its interest in the Xanadu Project to Kalamazoo Resources Limited to concentrate on its newly acquired Mt McKenna Gold Project. This strategic move follows multiple drilling programs at Xanadu that did not yield sufficient results to justify further investment. Kalamazoo is expected to benefit from synergies with its Ashburton Project, while Platina focuses on the Mt McKenna Gold Project, which offers significant exploration opportunities due to its location in the Eastern Goldfields. The divestment aligns with Platina’s strategy to prioritize shareholder capital on projects with the greatest potential for meaningful returns.

**More about Kalamazoo Resources Ltd.**

Platina Resources Limited is an Australian-based company focused on advancing early-stage metals projects through exploration, feasibility, and permitting towards development. The company aims to create shareholder value by monetizing projects through sale, joint venture, or development, and holds a 100% interest in a portfolio of gold projects in the Yilgarn Craton in Western Australia.

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**Technical Sentiment Signal:** Buy

**Current Market Cap:** A$29.58M

For a thorough assessment of KZR stock, go to TipRanks’ Stock Analysis page.

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