Company Update Presentation
Brisbane, May 21, 2012 AEST (ABN Newswire) - Platina Resources Limited (
ASX:PGM) is pleased to provide a Company Update Presentation for May 2012.
Investment Highlights
Junior explorer focussing on two 100% owned precious metal Resources that adhere to JORC guidelines:
Owendale (N.S.W.)*
- Indicated and Inferred Mineral Resource for platinum of 12.7 Mt @ 0.7 g/t Pt (~287,000 Pt ounces) using a 0.4g/t platinum cut-off
- Indicated and Inferred Mineral Resource for scandium of 10.1 Mt @ 340 g/t Sc (~3,400 Sc tonnes) using a 200g/t scandium cut-off
Skaergaard (Greenland)**
- Inferred Mineral Resource of 23.0Mt @ 2.3g/t gold, 0.7g/t palladium & 0.1g/t platinum (~1.7Moz gold & ~0.5Moz Pd) using a 1.5g/t AuEq cut-off
- Exploration success at Owendale shows potential to increase resource base:
- 66m @ 0.8g/t Pt & 0.3% Cu from 96m drilled depth (FKD-15)
- All projects are unencumbered and located within mining-friendly jurisdictions
- Considerable regional upside nearby to the Owendale and Skaergaard Projects, with drill-ready targets identified.
*Refer to slides 7 & 8 for full resource tables
**Refer to slide 17 for full resource table and AuEq formula
To view the complete Platina Resources Company Update, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-PGM-242043.pdf
About Platina Resources Limited
Platina Resources Limited (ASX:PGM) (OTCMKTS:PTNUF) is an Australian-based company focused on returning shareholder value by advancing early-stage metals projects through exploration, feasibility, permitting and into development.
The Company has interests in the following projects:
- Platina Scandium Project (100% interest) - located in central New South Wales, the project is one of the largest and highest-grade scandium deposits in the world, which has the potential to become Australia's first scandium producer with cobalt and nickel credits. A Definitive Feasibility Study was completed in late 2018 demonstrating the technical and economic viability of constructing the project. The Company is now focused on completing the permitting and securing offtake and financing.
- Skaergaard (100% interest) - One of the world's largest undeveloped gold deposits and one of the largest palladium resources outside of South Africa and Russia, located in Greenland;
- Munni Munni (30% interest) - Situated in the Pilbara region of Western Australia, the project is one of Australia's most significant Platinum Group Metal occurrences. Munni Munni also has potential for conglomerate hosted gold and is a Joint Venture with Artemis Resources Limited; and
- Blue Moon (to earn a 70% interest) - Located in California, U.S.A, the project is subject to a Nl 43-101 Mineral Resource estimate. The resource is open at depth and along strike and has favourable metallurgy.
For more information please see: https://www.platinaresources.com.au
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