Owendale Scandium Presentation
Brisbane, Aug 22, 2014 AEST (ABN Newswire) - Platina Resources Limited (
ASX:PGM) (PTNUF:OTCMKTS) Owendale Scandium is the highest grade, laterite-hosted scandium deposit discovered globally, and offers a stable and potentially large tonnage operation. Current world consumption of scandium is approximately 8 tonnes per annum, however, research and development indicates significant future demand for scandium in the aerospace industry and fuel cell technology.
The potential for Platina to export a moderately upgraded concentrate from Owendale for further processing in China (with a targeted optimum grade of 1000ppm Sc in concentrate compared to a head grade of 384ppm Sc) presents an opportunity for Platina to advance Owendale to low cost early production.
Platina Managing Director Rob Mosig said: "The HoA with Hunan Oriental Scandium Co. Ltd provides further support for Owendale to achieve its aim to be the leading scandium producer worldwide."
The Owendale Project hosts an Indicated and Inferred Mineral Resource (JORC 2012) of 24 million tonnes of scandium grading 384ppm Sc (at a cut-off of 300ppm Sc) and contains a total in-situ content of 9,100 tonnes of scandium metal (Table in link below). Details of the resource are in the technical description of the Company's ASX release dated 3 October 2013.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PGM-813070.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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