Platina Resources Ltd (ASX:PGM) signed a memorandum of understanding (MoU) with Metalysis to assess the viability of producing a scandium-rich master alloy.
The goal is to use Metalysis’s processing technology to produce a superior high-value alloy using material from the recently renamed Platina Scandium Project in New South Wales.
The project’s scandium oxide to be tested for the production of a scandium-rich master alloy containing 15x the amount of scandium compared to the conventionally available product.
Scandium rich master alloys produced by Metalysis’ process are in demand from industries including aerospace, automotive and additive manufacturing (3D printing).
Platina’s managing director Corey Nolan said: “The company now has two development initiatives underway to assess the potential development of a low-cost process for the production of value added, aluminium-scandium master alloy.
“In September 2018, the company announced it was developing a process technology that could be provided to the downstream alloy manufacturers to fast-track the path towards integrating aluminium-scandium alloys in their production lines and utilising scandium oxide from Owendale.
“The MoU with Metalysis represents another innovative way of potentially producing scandium rich master alloy at potentially lower cost than the traditional melting processes.
“The aim of the initiatives is to accelerate the development of the Owendale scandium oxide project by facilitating technology solutions to fast-track the use of scandium oxide in the high-strength, lightweight alloying sector”.
Advantages of a scandium-rich master alloy
Having recently completed a definitive feasibility study, Platina is actively focused on market development and securing off-take.
It is also assessing options to reduce the production costs of making value-added scandium products including master alloys.
Potential exists to significantly reduce the cost of producing this specific master alloy with a lower environmental footprint compared to traditional melting processes.
Additionally, there are significant cost saving benefits to the end user by offering scandium-rich master alloy.
Platina will negotiate a technology licencing agreement with Metalysis once the initial test work programs have been successfully completed.