Proactive Investors - Run By Investors For Investors

Platina Resources advancing Scoping Study for New South Wales project

Platina Resources advancing Scoping Study for New South Wales project

Platina Resources (ASX:PGM) has been granted an ASX trading halt in relation to the Scoping Study for the company’s Owendale Project in central New South Wales.

The halt will remain in place until the earlier of the announcement being made or the start of trade on Tuesday, 17th March 2015.

Ownedale has a current resource of 520,000 ounces of platinum and 9,100 tonnes of scandium.

In January, the company completed hydrometallurgical testwork, a major part of the Scoping Study.

This returned excellent extraction of scandium (>85%), platinum (>80%) nickel (>95%) and cobalt (>99%) from High Pressure Acid Leach tests.

Platina has a heads of agreement with Chinese manufacturer Hunan Oriental Scandium Co. Ltd (HNOSC) to negotiate an offtake agreement and a supply, technology, processing and marketing agreement.

This includes an offtake agreement for the supply of 5 tonnes per annum of scandium oxide to HNOSC.

The company already has an agreement with Inner Mongolia Honfine Zirconium Industry Co Ltd for the proposed supply of 15 tonnes of scandium oxide per annum.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

View full PGM profile View Profile

Platina Resources Ltd Timeline

Related Articles

Archer hopes to disrupt current technology for quantum computing
September 21 2018
Archer collaborated with the University of New South Wales to show Campoona graphite can be used in a commercially scalable lithium-ion battery.
map showing Cobalt belt in East Ontario with projects marked
August 15 2018
A historical 8-tonne bulk sample from the Mulligan project averaged 10% cobalt grade.
Lead-silver
Wed
The company has been granted a key approval by the State Government to build processing plant and tailings storage facilities.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use