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Platina Resources Ltd.
Summary
| Project: | Owendale | |
|---|---|---|
| Deposit: | Owendale | |
| Location: | Australia | |
| Commodities: | Scandium-Platinum-Nickel-Cobalt | |
| Date: | 9/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-9-2016: Platina Resources Ltd. announces a Resource Estimation report for its Owendale deposit at the Owendale project. Mineral resource review leads to new 0.1% Co cut-off reporting. Platina Resources Limited (ASX: PGM) is pleased to announce addition | |
| Resources: | (Resource, Total): 8.6Mt @ 330ppm Sc, 0.35g/t Pt, 0.24% Ni, 0.15% Co (0.1% Co cut-off) | |
| CP/QP: | [Resources]: John Horton (ResEval Pty Ltd.) | |
| ABSTRACT: | Platina Resources Limited (ASX: PGM) is pleased to announce additional Mineral Resource report focusing on cobalt details for the Owendale project near Tullamore in Central New South Wales, Australia. The review was undertaken in light of growing global demand for cobalt for industrial purposes, as part of the Company’s Feasibility Study activities for the Owendale project. Platina is now undertaking a re-assaying program of the historical drill samples with the aim of extending the cobalt resource. Platina CEO Rob Mosig commented: “The polymetallic nature of the Owendale deposit provides Platina with the opportunity to selectively maximise the development of the highest grade cobalt localities while maintaining a very high scandium grade of 330 ppm”. “We are very fortunate to have the unique combination of high cobalt and very high scandium grades accompanied by significant levels of platinum at Owendale.” Environmental components of the Feasibility Study have commenced and the Feasibility Study is expected to be underway by the end of October. The Study is expected to be completed in late 2017. Further details will be provided in the next few weeks. | |
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