Mineral exploration company, Platina Resources Limited (ASX: PGM), advancing its portfolio of early-stage precious & specialty metal projects from exploration to production, has announced to have entered a conditional agreement to acquire a 100% interest in the Challa Gold Project. Besides 10mn Platina shares, consideration for the transaction will include a gross royalty of 0.75 per cent, to be paid on gold production at these tenements.
The project covers two high-quality exploration licence applications spanning 293km2 and is located in-between the prolific Mt Magnet and Sandstone gold districts in Western Australia, around 500km north-east of Perth.
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