Platina Resources Ltd (PGM) has increased the JORC resource estimate at its 100% owned Owendale Scandium-Cobalt-Nickel Project in central New South Wales.
The resource update results in a 6% increase in the overall resource size and 2% increase in scandium grade.
Notably, the higher-grade 600 ppm cut-off scandium resource increased by 13%.
The overall resource using a 300 ppm scandium cut-off grade stands at 35.6 million tonnes grading 405 ppm scandium, 0.28 g/t platinum, 0.10% nickel and 0.06% cobalt.
PGM Price at posting:
9.5¢ Sentiment: None Disclosure: Held
