Brimstone Project
An advanced stage exploration project 40km north-east of Kalgoorlie with previously drilled broad widths and high-grade gold mineralisation.
Tenement package 70km² including a Mining Licence at the advanced Garibaldi prospect.
27km from Kanowna Belle and 2.5km from Penny’s Find gold deposits.
Interpreted geological structures cover ~10km of strike length of mineralisation on highly prospective greenstone rocks.
Six walk-up drill targets – Garibaldi, Eastern Workings, 5 Bob, Jammie Dodger and Lapage VHMS.
Farm-in and Joint Venture to complete pre-development activities.
Platina entered into a binding conditional Farm-in and Joint Venture Term Sheet with private group NE Minerals Pty Ltd (NEM).
Under the terms of the Agreement, NEM may earn an 80% interest within three years in the Brimstone tenements by funding all exploration, evaluation and development activities through to any Decision to Mine.
Once NEM earn its 80% interest, the parties will form an unincorporated joint venture, with Platina retaining a 20% interest in Brimstone.
