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Platina Resources Ltd.
Summary
| Project: | Owendale | |
|---|---|---|
| Deposit: | Owendale | |
| Location: | Australia | |
| Commodities: | Scandium-Platinum-Nickel-Cobalt | |
| Date: | 7/12/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-7-2016: Platina Resources Ltd. announces a Resource Estimation report for its Owendale deposit at the Owendale project. Mineral resource upgrade, 9% increase in total resource. Platina Resources Limited (ASX: PGM) is pleased to advise that a new Minera | |
| Resources: | (Resource, Total): 25.9Mt @ 380ppm Sc for 15100t Scandium oxide contained in-situ | |
| CP/QP: | [Resources]: John Horton, Robert Mosig (ResEval Pty Ltd.;Internal) | |
| ABSTRACT: | Platina Resources Limited (ASX: PGM) is pleased to advise that a new Mineral Resource estimate has recently been completed for its Owendale Scandium, Platinum, Nickel and Cobalt project in central New South Wales, Australia. The estimate incorporates new drilling completed in late 2013 and 2014 and a classification targeting a scandium dominated project development. The Mineral Resource includes significant components of platinum, cobalt, nickel and that offer valuable potential by-products from any scandium processing development. Details of these and the technical aspects of the Mineral Resource estimate are presented further in this announcement. ResEval Pty Ltd prepared the updated resource estimate with an emphasis on scandium as part of Platina’s planning process for its upcoming Feasibility Study. This will include a drilling program at Owendale that will concentrate on development aspects such as plant site and bulk metallurgical sampling. Drilling will also include some regional exploration and targeted infill and extension drilling around the higher grade Scandium pods at Owendale North. ResEval Pty Ltd has estimated the Mineral Resource for the Owendale laterite project, which is 100% owned by Platina Resources Ltd (Platina). The updated resource estimate is consistent with the methodology adopted for the previous resource estimate and public announcement in 2013. | |
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