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Highlights
- Platina executed a formal Share Sale Agreement to acquire the Sunrise Bore Exploration Licence.
- The Sunrise Bore Project expands the company’s Laverton gold exploration footprint in Western Australia.
- Completion of the acquisition is expected upon satisfaction or waiver of due diligence conditions.
- Platina paid a further non-refundable signing fee that will be credited toward the purchase price.
Platina Resources Limited (ASX:PGM) has taken another step toward expanding its Western Australian gold portfolio. The company has entered a formal Share Sale Agreement to acquire Bravo Minerals Pty Ltd, the sole owner of the Sunrise Bore Exploration Licence (E38/4038).
The agreement formalises the commercial terms previously outlined under a binding term sheet executed in October 2025. Completion of the transaction remains subject to the satisfaction or waiver of outstanding due diligence conditions and will occur upon the earlier of those conditions being waived or 30 June 2026.
As part of the transaction, Platina has paid a non-refundable signing fee of AUD 25,000 in addition to the AUD 25,000 deposit previously paid. Both payments will be credited against the purchase price upon completion.
Sunrise Bore Adds to Laverton Exploration Portfolio
The Sunrise Bore Project is located within the Eastern Goldfields region of Western Australia, a prospective gold exploration corridor. The tenement covers an area that has seen limited modern exploration and is considered prospective for structurally controlled gold mineralisation.
Through the proposed acquisition, Platina is seeking to expand its Laverton gold exploration portfolio and increase its exposure to exploration opportunities within the region.
Platina is an Australian-based company focused on advancing early-stage metals projects through exploration, feasibility and permitting activities. The company currently holds a 100% interest in a portfolio of gold projects within Western Australia’s Yilgarn Craton.
Brimstone Joint Venture Supports Project Advancement
In a separate development announced in May, Platina entered into a binding conditional Farm-in and Joint Venture Term Sheet with NE Minerals Pty Ltd in relation to the Brimstone Gold Project in Western Australia.
Following a strategic review, Platina determined that while Brimstone remains prospective and retains upside potential, the project does not align with the company’s immediate focus on targeting large-scale Tier 1 discovery opportunities.
The agreement allows a technically capable and financially supported counterparty to advance Brimstone through a substantial work program without funding requirements from Platina shareholders. At the same time, the company retains exposure to future exploration, development and production outcomes through its continuing interest in the project.
Under the agreement, NE Minerals may earn up to an 80% interest in the Brimstone tenements within three years by funding all exploration, evaluation and development activities through to any Decision to Mine.
Looking ahead, completion of the Sunrise Bore acquisition and continued advancement of the Brimstone Project under the joint venture arrangement may support Platina’s efforts to expand and progress its Western Australian gold portfolio.
Shares of PGM traded at AUD 0.020 per share at the time of writing on 17 June 2026.
