Platina Resources Limited Stock Market Press Releases and Company Profile
Master Alloy Development Program Successfully Completed
Master Alloy Development Program Successfully Completed

Perth, Dec 17, 2018 AEST (ABN Newswire) - Platina Resources Limited (Platina or the Company) (googlechartASX:PGM) (googlechartPTNUF:OTCMKTS) provides an update on aluminium-scandium master alloy production test work for the Platina Scandium Project ("PSP") in New South Wales.

The aluminium industry prefers scandium supply via a master alloy "hardener". Test work has been under way since August 2018 to develop proprietary master alloy production procedures. Conversion of the scandium oxide produced from mining and processing operations into aluminium scandium master alloy is a critical, value-adding part of the supply chain in manufacturing aluminium scandium alloys for end-users.

The test work on master alloy production has been conducted at relatively small scale and has focussed on producing master alloy from scandium oxide, but also from intermediate products from the PSP flowsheet developed for the recently completed Definitive Feasibility Study ("DFS").

The small scale work has concluded and it has been demonstrated that the procedure developed as part of the test work program can reliably produce 2% scandium-aluminium master alloy from either scandium oxide or from intermediate products in the flowsheet developed in the DFS test work program. Further details are unable to be released at this time whilst Platina examines options for intellectual property protection for the processes developed.

Now that proprietary procedures have been developed, further work may-be undertaken to scale up the process, should potential offtake partners require larger samples.

Corey Nolan, Managing Director of Platina Resources stated "Developing procedures that enable Platina to produce scandium-containing master alloy is an important step in being able to provide potential aluminium industry offtake partners with their preferred product. Being able to produce the master alloy from an intermediate product may provide the potential for capital and operating cost reductions in the final flowsheet design".

To view figures, please visit:
http://abnnewswire.net/lnk/05C8FDJK


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: 12) (Last 30 Days: 41) (Since Published: 5064)