Platina Resources Limited Stock Market Press Releases and Company Profile
Scoping Study Tender Awarded For Owendale Project
Scoping Study Tender Awarded For Owendale Project

Brisbane, May 30, 2012 AEST (ABN Newswire) - Platina Resources Limited (googlechartASX:PGM) is pleased to confirm that the Scoping Study on the Owendale Platinum & Scandium Project in central New South Wales is set to commence on the 4th of June. The scope of work has been awarded to Battery Limits Pty Ltd, a metallurgical consulting group based in Perth, Western Australia. The Study is anticipated to be completed in the third quarter of 2012.

The Scoping Study will focus dominantly on the metallurgical extraction and recovery of platinum using gravity methods. Recommendations for the recovery of scandium are also anticipated, and the Company will pursue any suggestions that have merit.

Included within the Scoping Study will also be a pit optimisation study as well as a basic Financial Model to assist the Company in planning its further exploration and development activities.

Concurrent with the Scoping Study, the Company will conduct a limited reverse circulation drilling programme to evaluate additional prospects within the Owendale Project licence area where additional platinum and scandium mineralisation is anticipated.

Further details on the Owendale Platinum & Scandium Project can be found on the Company's website: http://www.platinaresources.com.au/projects/owendale.


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

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Contact

Platina Resources Limited
T: +61-7-5580-9094
F: +61-7-5580-9394
WWW: www.platinaresources.com.au



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