https://www.miningweekly.com

Platina increases Owendale resource

9th August 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed project developer Platina Resources has reported a 127% increase in the high-grade mineral resource at its Owendale scandium-cobalt project, in New South Wales.

The project is now estimated to host some 1.54-million tonnes of resource, at 675 parts per million scandium, 0.32% platinum, 0.16% nickel and 0.14% cobalt for 1 600 t of scandium, 16 000 oz of platinum, 2 500 t of nickel and 2 100 t of cobalt.

Platina said on Wednesday that the new mineral resource has positioned Owendale as the largest and highest-grade scandium, cobalt and platinum deposit so far reported.

“The Owendale resource expansion provides an upgrade to our measured and indicated scandium resource at Owendale which will form the basis for the upcoming studies, including mine planning and operations activities,” said Platina MD Robert Mosig.

“An important focus in the short term is to assess the optimal strategy to unlock shareholder value from Owendale’s high-grade cobalt potential,” he said.

Platina will assess the potential economics of cobalt by-product credits as part of an upcoming feasibility study at Owendale.

Edited by Creamer Media Reporter

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.115 0.155s - 107pq - 2rq
Subscribe Now