PLATINUM AUSTRALIA LIMITED 
By
Platinum Australia Limited (ASX:PLA) advises that all
conditions precedent have now been satisfied and it has
completed the sale of the Panton Project to Panoramic
Precious Metals Pty Ltd ("PPM"), a wholly owned subsidiary of
ASX listed Panoramic Resources Limited, for a consideration
of $5.25 million plus a Net Smelter Return of 0.5%.
As previously noted, the decision to sell the Panton Project
follows the completion of the recent Panton Study Review
("PSR") which showed that despite significant increases in
metal prices, further improvements in both metal prices and
exchange rate would be required for the project to be
commercially viable on a stand-alone basis.
The funds realised from the sale will be used to continue to
progress the ramp up in production at the Smokey
Hills Mine and the development of our other advanced projects
in South Africa.
PLATINUM AUSTRALIA LIMITED
JOHN D LEWINS
Adam Reynolds/Guy McDougall
Newgate Threadneedle
+44 (0) 20 7653 9842
Media enquiries Australia:John Lewins
+61 8 9324 1491
M: +61 419 910 061
Platinum Australia Limited
Level 3, 18 Richardson Street West Perth Western Australia 6005 Australia
T: + 61 8 9324 1494 F: + 61 8 9226 4259 E: pla@platinumaus.com W: www.platinumaus.com.au
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