One of the world’s largest undeveloped gold and palladium resources.

Highlights:

• Scoping study completed in December 2019
• Significant JORC Mineral Resource of palladium, gold and platinum. Potential for vanadium, iron and titanium.
• Metallurgical testing has demonstrated gold and palladium can be recovered through floatation with high recoveries.
• One of the largest known palladium resources outside South Africa and Russia.

A$16 million invested in drilling, metallurgy and studies

• Located on the east coast of Greenland
• 100% owned by Platina
• 68 drill holes and 35,000m of diamond drilling
• Updated Scoping Study completed in December 2019
• Palladium market fundamentals robust –price peaked over US$2,500/ozin January 2020

Skaegaard  has in Indicated and Inferred Mineral Resource Estimate, reported in accordance with the JORC Code (2012) of 203Mt at 0.88g/t gold and 1.33g/t palladium at a 1g/t gold equivalent (AuEq) cut-off grade and minimum mining thickness of 1m.

The Skaergaard licence was renewed for a further three years in late 2016 and Platina plans to undertake a program development review and site visit to Skaergaard in 2017.

• Located on the east coast of Greenland, approximately 450km west of Iceland
• Nearest townships are Ittoqqortoormiit 500km to the north-east and Tasiilaq500km to the south
• Nuuk, the capital of Greenland, is located approximately 1,000km to the south-west
• The project is accessible by helicopter or airplane and marine craft in the Mikis Fjord when there is no sea ice
• The Government is proactively trying to attract resource capital

• Platina controls two Exploration Licences:

– EL2007/01* 100 km2, (hosts the Skaergaard deposit)
– EL2012/25, 16 km2, located 10km east of EL2007/01 

The project is 100% owned by Platina with no royalties or encumberances

• Main Mineral Resource within three reefs of the Triple Group horizon:

– H0 –palladium rich mineralisation
– H3 –gold and palladium mineralisation
– H5 –gold rich mineralisation

• Mineralisation outcrops at surface and extends to at least 1.1km vertical depth, 6km in strike and 3km in width
• Mineralisation typically dips at 20 degrees to the south
• Deposit also contains titanium, ilmenite, vanadium, copper and gallium –no resource is defined but metallurgy demonstrates potential to recover these metals