Platina Resources Limited Stock Market Press Releases and Company Profile
Quarterly Activities Report
Quarterly Activities Report

Perth, Jan 31, 2019 AEST (ABN Newswire) - Platina Resources Limited (googlechartASX:PGM) (googlechartPTNUF:OTCMKTS) provides the Company's Quarterly Activities Report.

HIGHLIGHTS

- Platina Scandium Project (PSP) Definitive Feasibility Study (DFS) completed. Positive DFS demonstrates the opportunity to create substantial long-term sustainable shareholder value at a manageable capital cost

- Agreement with Metalysis Ltd signed to assess the technical and commercial viability of utilising their solid state technology to produce master alloy from PSP scandium oxide

- Master alloy development test work demonstrates a 2% scandium-aluminium alloy can be produced from high-purity, PSP scandium oxide

- Scoping Study to be completed on Skaergaard project to assist in establishing the best future path forward for the project

Platina Resources Limited (Platina or the Company) is pleased to report the activities for the quarter, including:

- Platina Scandium Project, Australia (100%) - completion of the DFS, permitting activities and market development to secure offtake and facilitate project financing;

- Munni Munni, Australia (30%) -; there were no exploration activities at Munni Munni during the quarter. The Company is currently finalising Joint Venture documentation with Artemis Resources and discussing exploration plans for 2019; and

- Skaergaard, Greenland (100%) - announced plans to undertake a Scoping Study on the Skaergaard project following a significant increase in the Palladium price since the last JORC Mineral Resource was announced. The Scoping Study will assist with establishing the optimal strategic direction for the project.

To view the full report, please visit:
http://abnnewswire.net/lnk/62YRN576


About Platina Resources Limited

Platina Resources Limited (ASX:PGM)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

abnnewswire.com 


Contact

Corey Nolan
Managing Director
Tel: +61-7-5580-9094
Email: admin@platinaresources.com.au



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 9) (Last 30 Days: 28) (Since Published: 3515)