Platina Resources has signed a binding Share Sale Agreement to acquire Bravo Minerals, owner of the Sunrise Bore Exploration Licence, expanding its Laverton gold portfolio in a promising but underexplored corridor.
- Share Sale Agreement signed for Sunrise Bore acquisition
- Acquisition subject to due diligence with June 30 completion target
- Sunrise Bore located in prospective Eastern Goldfields region
- Expands Platina’s Laverton gold exploration footprint
- Non-refundable signing fee paid, credited at completion
Formalising a Strategic Expansion in Laverton
Platina Resources Limited (ASX:PGM) has taken a decisive step to broaden its gold exploration assets by executing a formal Share Sale Agreement to acquire Bravo Minerals Pty Ltd, the sole owner of the Sunrise Bore Exploration Licence (E38/4038) in Western Australia. This deal cements terms first outlined in a binding term sheet from October 2025 and signals Platina’s intent to deepen its presence in the Eastern Goldfields, a region known for structurally controlled gold mineralisation but with limited modern exploration at Sunrise Bore.
Due Diligence and Financial Commitments
The acquisition remains contingent on the completion or waiver of outstanding due diligence conditions, with a completion deadline set for 30 June 2026. Platina has already paid a non-refundable $25,000 signing fee, which will be credited against the purchase price upon completion, in addition to a $25,000 deposit made last October. Though the company has not disclosed the full purchase price, these upfront payments reflect a measured approach to securing the asset while managing financial exposure.
Enhancing Laverton’s Gold Exploration Portfolio
Sunrise Bore sits within a prospective gold corridor in the Eastern Goldfields, adjacent to Platina’s existing Laverton projects. The tenement’s relatively unexplored status offers a fresh opportunity to uncover structurally controlled gold deposits, complementing Platina’s ongoing drilling campaigns and recent acquisitions in the region. This move aligns with Platina’s broader strategy to expand and consolidate its footprint in one of Western Australia’s more promising gold belts.
Positioning Ahead of Leadership Transition
This acquisition announcement arrives amid a period of leadership transition for Platina, with Dr Paul Polito set to take over as Managing Director and CEO from 20 July 2026. Polito’s extensive exploration experience could prove instrumental in advancing the newly acquired Sunrise Bore project alongside the company’s existing portfolio. The deal also follows Platina’s recent farm-in agreement at the Brimstone Gold Project, underscoring a strategic focus on high-potential Western Australian gold assets.
Bottom Line?
Completion of the Sunrise Bore acquisition will test Platina’s ability to convert a largely untested licence into tangible exploration success within a competitive gold region.
Questions in the middle?
- Will due diligence uncover any material risks that could delay or derail completion?
- How quickly will Platina mobilise exploration activities at Sunrise Bore post-acquisition?
- What impact will the leadership change have on prioritising the new asset within Platina’s portfolio?