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Platina Resources Ltd

Platina Resources successfully completes master alloy development program

A definitive feasibility study was recently completed for its Platina Scandium Project.

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The ability to create the alloys can increase project economics

Platina Resources Ltd (ASX:PGM) has demonstrated that it can reliably produce 2% scandium-aluminium master allow from its scandium oxide from its Platina Scandium Project in New South Wales.

Test work has been underway 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 represents a valuable opportunity for Platina.

READ: Platina Resources aims to produce alloys from scandium project

Platina’s managing director Corey Nolan said: “Developing procedures that enable Platina to produce scandium-containing master alloy is an important step in being able to provide potential aluminium industry off-take 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.”

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.

This alloy was produced from either scandium oxide or from intermediate products in the flow sheet developed in the definitive feasibility study (DFS) test work program.

READ: Platina Resources’ definitive feasibility study confirms robust financials for scandium project

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 off-take partners require larger samples.

Master alloys produced from 3 different scandium chemicals from intermediate stages within the scandium recovery flow sheet.

Quick facts: Platina Resources Ltd

Price: $0.04

Market: ASX
Market Cap: $11.62 m
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