19 DECEMBER 2018
Platina Resources Limited (Platina or the Company, ASX: PGM) is pleased to provide an update on
the Skaergaard project in Greenland.
The Company owns 100% of the Skaergaard project in Greenland which is one of the world’s largest
undeveloped gold and palladium deposits outside of South Africa and Russia. The Company has
historically invested more than $16 million in the development offset the asset including drilling,
metallurgy and technical studies.
In July 2013, the Company reported a JORC compliant Mineral Resource estimate of based on metal
price assumptions of US$1,400/oz for gold and platinum, and US$560/oz for palladium (refer ASX
release dated 23 July 2013). In the last five years, the price of palladium has increased from
US$736/oz to US$1,250/oz.
Moreover, during the year, the Company also received a number of highly conditional, non-cash,
offers for the project. To ensure the best outcome for shareholders, the Company engaged an
experienced advisor to assist in a review
Platina Resources Limited (ASX: PGM) is an Australian-based exploration and development company focused
on precious and specialty metals, particularly platinum group metals (“PGM” and the strategic metal
scandium.
The Company’s flagship project is Owendale in central New South Wales, one of the largest and highest-
grade scandium deposits in the world, which has the potential to become Australia’s first scandium producer
with cobalt, platinum and nickel credits. A Definitive Feasibility Study is underway and due for completion in
late 2018.
SKAERGAARD PROJECT
SCOPING STUDY TO ASSESS DEVELOPMENT OPTIONS
PGM Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
and the strategic metal
