Platina banks final $2M Rio cheque for WA gold push The final payment from Rio Tinto has cleared the books, and Platina Resources is ready to deploy its newly acquired funds in Western Australia's gold rich Laverton district.
The $14 million windfall, courtesy of the sale of its Owendale scandium project, sets the stage for a high stakes exploration campaign that will determine whether Platina solidifies its position as a major player or struggles to regain lost ground.
Platina has chosen to focus on gold due to the district's significant reserves.