One of the world’s largest undeveloped gold and palladium resources.
- 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.
Strong development potential
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
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