Brisbane, Australia (ABN Newswire) - Platina Resources Ltd. (ASX:PGM) (OTCMKTS:PTNUF) Owendale Scandium is the highest grade, laterite-hosted scandium deposit discovered globally, and offers a stable and potentially large tonnage operation. Current world consumption of scandium is approximately 8 tonnes per annum, however, research and development indicates significant future demand for scandium in the aerospace industry and fuel cell technology.
The potential for Platina to export a moderately upgraded concentrate from Owendale for further processing in China (with a targeted optimum grade of 1000ppm Sc in concentrate compared to a head grade of 384ppm Sc) presents an opportunity for Platina to advance Owendale to low cost early production.
Platina Managing Director Rob Mosig said: "The HoA with Hunan Oriental Scandium Co. Ltd provides further support for Owendale to achieve its aim to be the leading scandium producer worldwide."
The Owendale Project hosts an Indicated and Inferred Mineral Resource (JORC 2012) of 24 million tonnes of scandium grading 384ppm Sc (at a cut-off of 300ppm Sc) and contains a total in-situ content of 9,100 tonnes of scandium metal (Table 1 in link below). Details of the resource are in the technical description of the Company's ASX release dated 3 October 2013.
To view the presentation, please visit: http://media.abnnewswire.net/media/en/docs/ASX-PGM-813070.pdf
About Platina Resources Limited:
Platina Resources Ltd. (ASX:PGM) (OTCMKTS:PTNUF) has a global portfolio of Platinum Group Metal (PGM), gold and scandium projects, with a core focus on the development of two key advanced assets – the Skaergaard PGM-Gold Project in Greenland and the Owendale Platinum and Scandium Project near Fifield, NSW, Australia.
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Brisbane, Australia (ABN Newswire) - Platina Resources Ltd. (ASX:PGM) (OTCMKTS:PTNUF) Owendale Scandium is the highest grade, laterite-hosted scandium deposit discovered globally, and offers a stable and potentially large tonnage operation. Current world consumption of scandium is approximately 8 tonnes per annum, however, research and development indicates significant future demand for scandium in the aerospace industry and fuel cell technology.
