Ann: Positive DFS for Platina Scandium Project, page-5

Managing Director, Corey Nolan, commented: “We are very pleased with the technical and commercial outcomes of the DFS and the compelling business case to develop the Platina Scandium Project. While the solid oxide fuel cell industry has been the dominant consumer of scandium in recent years, scandium’s greatest value lies in the functional properties it imparts when alloyed with aluminium. When used in combination with other common aluminium alloys, scandium can produce stronger, heat tolerant, weldable aluminium products. These products are being increasingly incorporated into transportation applications for light-weighting (electric vehicles) and lowering fuel efficiency requirements. The Company’s strategy is to capitalise on this significant market opportunity and bring the Platina Scandium Project into production as quickly as possible.”

TCG