Dec 24 (Reuters) - Pepinnini Lithium Ltd PNN.AX :
* SIGNED BINDING TERM SHEET WITH PATRON RESOURCES FOR ACQUISITION OF 100% INTEREST IN 8 GOLD PROJECTS IN SOUTH AUSTRALIA
* VALUES ACQUISITION AT ABOUT A$1.2MILLION
* AS PART OF PATRON ASSETS ACQUISITION STRATEGY, PEPINNINI WILL SEEK TO RAISE A MINIMUM OF $1MILLION BY WAY OF A PLACEMENT