Australia-based Platina Resources Limited (ASX: PGM) has released an update on its projects.
Challa Gold Project: PGM entered into a conditional agreement to fully acquire the Challa Gold Project. The Challa gold tenements have now been granted, and the Company is now finalising plans to begin field activities.
Skaergaard Project: The transaction between Platina and Major Precious Metals Corp, under which the latter will acquire a 100% interest in Platina’s EL2007/01 and EL2012/25, is progressing towards completion but remains subject to finalisation of various conditions.
Munni Munni Project: PGM has begun Supreme Court proceedings in Western Australia against Artemis Resources Ltd and its subsidiary Munni Munni Pty Ltd. over breach of the Heads of Agreement.
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