Resources Top 5: Platina almost doubles footprint in prolific Laverton gold district
A Laverton land boost, a green-steel pivot and a new shallow discovery zone led Wednesday’s small-cap resources action.
Your standout small cap resources stocks for Wednesday, December 10, 2025.
- PGM acquires Mt Morgan South in Laverton gold district
- TEM in WA green steel project agreement with GISA
- BRX shifts exploration strategy to focus on shallow epithermal system
Platina Resources (ASX:PGM)
A significant expansion of its exploration footprint in the world-class Laverton gold district of Western Australia pushed Platina Resources (ASX:PGM) 24.14% higher to 3.6c before closing at 3.4c, a 17.24% lift.
Acquisition of the Mt Morgans South gold project from Genesis Minerals has almost doubled Platina’s landholding in the district to more than 312km2.
The project is in a prime Eastern Goldfields geological setting where Laverton Archean greenstones are traversed by major faults and intrusives conducive to hosting multi-million-ounce deposits.
Mt Morgans South is close to major mines, deposits, processing plants and development infrastructure near Laverton.
It is 6km west of the Jupiter gold mine and 7.5km southeast of the Westralia gold mine, which together form the Mt Morgans Gold Operations, with a 3.4Moz gold resource and an established production history.
The Wallaby gold mine with 3.9Moz in resources, lies 12km east of the project, while Iceni Gold’s Guyer prospect abuts it to the south.
Being just 45km from Platina’s new Sunrise Bore project and Mt McKenna project acquired in early September means gold exploration at Mt Morgans South can be synergised.
Platina managing director Corey Nolan said Mt Morgans South’s potential was highlighted by its highly attractive geological setting.
“Mt Morgans South is nestled between world-class deposits to the north and northeast, and adjacent to Iceni Gold’s Gold Road joint venture to the southwest,” he said.
“The region’s strong potential has been further highlighted by the $44 million exploration joint venture between Iceni Gold and Gold Road on adjoining tenements to the south, where drilling is already underway.”
Platina plans to implement a comprehensive exploration strategy at Mt Morgans South, starting with detailed compilation of historical data, execution of a heritage agreement and follow-up soil sampling across geophysical and geochemical anomalies.
The consideration is $100,000 cash and $100,000 in Platina shares. A milestone payment of $550,000 cash or PGM shares at Genesis’ election is payable on defining a JORC mineral resource of 200,000oz.
Tempest Minerals (ASX:TEM)
A binding option agreement with Green Steel and Iron (GISA) will enable Tempest Minerals (ASX:TEM) to push ahead with plans for a green steel project in WA’s Mid West.
Under the share-based deal, GISA can acquire TEM’s Remorse magnetite deposit in exchange for 50% of GISA, giving TEM a direct stake in the proposed vertically integrated steel business.
The plan is for GISA to head toward an IPO and for the two parties to progress the proposed establishment and development of a low-emission, green steel production facility in the Yalgoo region.
“This deal allows the rapid progression of the Remorse Deposit and the merging of our high-quality magnetite resource into a potential future vertically integrated operation that aims to produce domestic iron and steel products,” TEM chairman Brian Moller said.
“We are excited that TEM shareholders will have exposure to this significant commercialisation opportunity through this agreement.”
TEM was as much as 80% higher at 0.9c before closing up 40% at 0.7c.
“The Remorse deposit appears highly prospective for pelletising and direct reduction, and putting it into a new sole-purpose company progressing a whole-value chain low emission iron play (HBI export), gives the best chance for rapid development of this resource,“ GISA director Don Johnston said
“With the federal Green Iron Fund application period underway, this excellent development, partnered with FIJV and others, provides a wonderful opportunity for the Mid West of WA and for Australia as a whole.”
Belararox (ASX:BRX)
With a shallow epithermal system emerging for Belararox (ASX:BRX) at the TMT project in Argentina, the company has shifted its exploration strategy, including diamond drilling, to focus on this in the near-term.
The shift from a deep copper porphyry target at Toro South to the shallow Toro Central target leverages an improved understanding of the mineralised epithermal system.
A magnetotellurics and IP survey has already enhanced the definition of the epithermal system, demonstrating its connection with the target at Toro South.
The broad near-surface chargeability anomaly, which is larger in size and intensity than mineralisation intersected in historical drilling, now forms a coherent shallow epithermal target extending from Toro Central into Toro South.
A diamond rig has been mobilised to drill the shallow epithermal targets.
Lion Rock Minerals (ASX:LRM)
Lion Rock Minerals (ASX:LRM) has started an auger drilling program targeting a high-value basket of rutile, zircon and rare-earth-rich monazite and xenotime at Minta Est in the Minta project in Cameroon.
The program started late last month and will comprise more than 1000 holes across an initial 250km2.
Additional infill drilling targets in alluvial settings will begin in the dry season.
The company’s rare earth and rutile strategy is progressing following the recent strategic partnership and placement with NYSE-listed Tronox Holdings plc.
“Lion Rock is accelerating infill drilling at the district scale Minta Est on the monazite-enriched granite, building on outstanding rutile results of up to 2.2% in-situ rutile and stream samples confirming monazite and xenotime rare-earth mineralisation,” CEO Casper Adson said.
Investigator Silver (ASX:IVR)
A run of positive news, record silver prices and a change of name have helped Investigator Silver (ASX:IVR) lift from 4.6c in mid-November to 8.1c, including an increase of 19.12% today.
The company formerly known as Investigator Resources has put its precious metals mission in the forefront by the rebrand.
Paris, IVR’s pure-play silver asset in South Australia, is hot property with the price of the precious metal climbing above US$61 an ounce.
The project boasts a resource of 57Moz silver and a PFS in 2021 estimated it would generate operating cash flow of around US$500m over a five- to seven-year life.
Prices have since more than doubled, laying the foundation for an even more robust business case.
This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Belararox and Investigator Silver are Stockhead advertisers, they did not sponsor this article.
Originally published as Resources Top 5: Platina almost doubles footprint in prolific Laverton gold district
