Platina Resources' maiden drilling at the Xanadu Project's Hermes prospect confirmed a large-scale gold system.
The company also expanded mineralisation at the Brimstone Gold Project and the definition of new targets, alongside a healthy financial position with cash funds of $9.1 million and equity investments worth $270,000.
Platina Resources plans further drilling at the Xanadu and Beete gold projects in early 2024.
The potential receipt of up to US$6 million ($9.1 million) in milestone payments from the sale of a scandium project adds to the company's optimistic outlook.