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Owendale platinum/scandium/nickel/cobalt project, Australia

1st November 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Owendale platinum/scandium/nickel/cobalt project, Australia.

Client
Platina Resources.

Project Description
The Owendale project, in central New South Wales, has a total mineral resource estimated at 31-million tonnes, grading 0.52 g/t platinum, 0.15% nickel and 0.05% cobalt; and a scandium mineral resource estimated at 24-million tonnes, grading 380 ppm. These two resources are presented independently as either could be considered as the focus for development. There is an overlap of these two resources of 11.1-million tonnes.

Value
Too early to state.

Duration
Not stated.

Latest Developments
A series of metallurgical tests are under way to identify the various optimal flowsheets to process the Owendale mineralisation.

Over the past three months, a representative sample of typical Owendale mineralisation has been subjected to a variety of metallurgical tests, such as gravity separation, magnetic separation, atmospheric acid leaching, pressure and high-pressure acid leaching, as well as chlorination and cyanidation. As a result of all these tests a final metallurgical flowsheet will be compiled within the next few months.

Scoping studies to estimate potential mining capital and operating costs will also be carried out in conjunction with the finalisation of the metallurgy flowsheet.

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Platina Resources, tel +617 5580 9094, fax +617 5580 9394 or
email admin@platinaresources.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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