Platina Resources Limited (ASX:PGM) Announces Platinum and Scandium Resource Estimate for Owendale Project
Platina Resources Limited (ASX:PGM) is extremely pleased to announce the maiden resource estimation for its 100% owned Owendale Platinum and Scandium Project, located in central New South Wales, Australia. A Mineral resource for platinum of 13.1 Mt @ 0.7 g/t Pt(~293,000 ounces) has been estimated at a 0.4g/t platinum cut-off. An Inferred Mineral resource for scandium of 4.8Mt @ 344g/t Sc (~1,700 tonnes) at a 200 ppm cut-off has also been estimated. A total of 46per cent of the platinum resource falls within the Indicated category.The resource estimation adheres to both the Australasian JORC Code, and Canadian National Instrument 43-101 guidelines. The entire platinum and scandium resource estimate is contained within the weathered profile and is situated less than 50 metres deep and would be amenable to mining by open cut methods.
