Latin Resources Limited (ASX:LRS) agreed to acquire The Burdett Gold Project from Syndicate Minerals Pty Ltd on December 8, 2020. For consideration, Latin Resources Limited issued a total 10,000,000 Shares to Syndicate Minerals at a deemed issue price of AUD 0.03 and signing payment of AUD 0.001 million. 5,000,000 of such Shares issued to Shares Syndicate Minerals or its nominee shall be restricted for sale for 3 months from the issue date and remaining 5,000,000 issued to Shares Syndicate Minerals or its nominee shall be restricted for sale for 12 months from the issue date, granting to Syndicate Minerals a 1.5% net smelter return royalty over minerals extracted from ELA6024. The transaction is subject to due diligence.