• Acquired 100% interest in 18 tenements in Mt Morgans gold district
• Paid $100,000 in cash and issued 5 million shares to Genesis Minerals
• Milestone payment of $550,000 contingent on defining a JORC-compliant Mineral Resource
• Plans to commence comprehensive exploration strategy

Platina Resources Limited (ASX: PGM) has completed the acquisition of the Mt Morgans South Project from Genesis Minerals Limited (ASX: GMD). The acquisition includes 18 tenements, four Exploration Licences, and 14 Prospecting Licences in the Mt Morgans gold district near Laverton, Western Australia. As consideration, Platina paid $100,000 in cash and issued 5 million fully paid ordinary shares, both valued at $100,000. Additionally, Genesis is entitled to a milestone payment of $550,000, payable in cash or shares, upon the definition of a JORC-compliant Mineral Resource of at least 200,000 ounces of gold. Platina plans to implement a comprehensive exploration strategy at Mt Morgans South, including compiling historical data, executing a heritage agreement, and targeting geophysical and geochemical anomalies for soil sampling.