Platina Resources Limited (ASX:PGM) entered into a binding term sheet agreement to acquire Sangold Resources Pty Ltd for approximately AUD 2.7 million on August 10, 2022. Sangold Resources owns the Beete and Binti Binti Projects and has an exclusive option to acquire the Brimstone Project. The transaction is subject to a three-month exclusivity and due diligence period.

Euroz Hartleys acted as financial advisor to Platina Resources Limited with a advisory fee of AUD 75,000.