Platina Resources Limited · ASX:PGM
Platina Resources — Investor Presentation (March 2015)
26 slides from Platina Resources's investor presentation, Mar 17, 2015
Slide 1: Owendale Scandium Project
For personal use only ASX Code: PGM Owendale Scandium Project March 2015 1 Robert Mosig Managing Director CEO
Slide 2: Scandium: expecting big demand with increased uses from a consistent supply
For personal use only SCANDIUM expecting big demand with increased uses from a consistent supply 2
Slide 3: Disclaimer
Disclaimer Cautionary and Forward-Looking Statements This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of For personal use only Platina Resources Limited (“Platina”), its subsidi
Slide 4: Corporate Summary
Corporate Summary Issued Capital Major Shareholders For personal use only ASX PGM Electrum Ltd 20.6% Shares 140.9 Million Cairnglen Investments 12.7% Options (listed) 82.6 Million Yandal Investments 6.0% Options (unlisted) 3.5 Million Sino Portfolio Intnl. 6.0% Share Price (18 Feb) 7.5c HSBC Custody
Slide 5: Board and Management
Board and Management Reg Gillard, Non-Executive Chairman – BA, FAICD, FACPA, JP For personal use only • Reg has more than 30 years’ experience in the formation, governance and financial maintenance of exploration and mining companies throughout the world. Robert W. Mosig, Managing Director – MSc, FA
Slide 6: Scandium: Critical Metal
Scandium: Critical Metal Enormous growth potential for For personal use only scandium in 2 key markets • Aerospace/Transport • Scandium Aluminium alloys • Energy/Electrical • Scandium Stabilised Zirconium in Solid Oxide Fuel Cells (SOFC) 6
Slide 7: Scandium: Market Fundamentals
Scandium: Market Fundamentals Limited reliable supply of Sc, mostly as a by-product, For personal use only means high prices in a very small ‘high-end’ market… Current supply from by-products • Most production as by-product (due to low concentration) from China, Ukraine • No primary mine production
Slide 8: Scandium: Sc Oxide Pricing
Scandium: Sc Oxide Pricing Owendale, as the largest deposit with the highest Sc grade proposing to use For personal use only proven conventional , high recoveries technologies will be able to be the price- setter to enable introduction of wider applications at a lower Sc price! $12,000 USD$/kg Sc ox
Slide 9: Scandium: Sc-Reinforced Aluminium
Scandium: Sc-Reinforced Aluminium Sc-reinforced Al alloys represent new generation of high- performance alloys with advantages over other Al alloys For personal use only • Stronger (triples strength with as little as 0.5% Sc) • Excellent corrosion resistance • Strengthens welds and excellent weldabi
Slide 10: Scandium: Aerospace (Transport)
Scandium: Aerospace (Transport) Enormous growth potential for Sc For personal use only • Commercial aerospace • Boeing & Airbus forecasting up to 36,770 new airplanes by 2033 • Estimate between 70 and 700 kg of Sc oxide is required per plane depending on aircraft size • Military aerospace • Initial
Slide 11: Scandium: Solid Oxide Fuel Cells
Scandium: Solid Oxide Fuel Cells Potential to - • revolutionise the powering of the USA For personal use only • replace the internal combustion engine A device that uses hydrogen and oxygen to create electricity Offers cleaner, more efficient, fuel-flexible, localised power alternatives Sc-stabilise
Slide 12: Scandium: Additional Markets
For personal use only Scandium: Additional Markets Additional growth potential for Sc2O3 scandium oxide in other markets • Sporting equipment • Golf clubs, bicycles, baseball bats. Currently the leading use • Lighting • High-power metal halide lamps and lasers • Additive Layer Manufacturing • 3-D pr
Slide 13: Scandium: Projected Sc2O3 Market
Scandium: Projected Sc2O3 Market Potential annual demand for Sc2O3 in aircraft and SOFC markets For personal use only could reach > 300 tonnes by 2025 (USD$600 million market) Source: Kaiser Research 13
Slide 14: Scandium: New Mining Projects
Scandium: New Mining Projects Australian and Investment Project Production CAPEX Annual Capacity Canadian projects are in date For personal use only early development Platina Resources 2017 $58 M* 30 t (99.9%) stage and financing not expected to commence Metallica Minerals On hold $465 M* 50-65 t (9
Slide 15: Owendale: Scandium Project
For personal use only Owendale: Scandium Project Extremely high grade Scandium Large near surface tonnage with additional ore available Simple open pit mining Close to water & power supplies Favourable Capex and Opex 15
Slide 16: Owendale: Favourable Location
For personal use only Owendale: Favourable Location 16
Slide 17: Owendale: Scandium Resource
Owendale: Scandium Resource Resource Tonnage Pt Sc Ni Co Pt Sc Sc2O3 PtEq Classification (Mt) g/t ppm % % koz t t g/t For personal use only Indicated 4.2 0.53 401 0.13 0.06 72 1698 2605 0.93 Inferred 19.4 0.33 380 0.11 0.06 205 7385 11327 0.69 TOTAL 23.7 0.36 384 0.11 0.06 277 9083 13932 0.73 World’
Slide 18: Owendale: Geology
Owendale: Geology Mineralisation hosted within a For personal use only laterite profile of a weathered ultramafic sequence Extends from 1m to 55m depth Grade! Grade! Grade! • At high grade (500 ppm) cut-off, the resource supports significant annual production Resource Mt Pt Sc Ni Co Pt Sc Sc2O3 PtEq
Slide 19: Owendale: Cross Sections
For personal use only Owendale: Cross Sections OWENDALE NORTH PROSPECT 19
Slide 20: Owendale: Grade Distribution
Owendale: Grade Distribution Owendale North – section 6382815mN (looking south) For personal use only Simple mining operation on shallow resource • Open cut, low stripping ratio, ~50,000 tpa campaign Near surface high grade in horizontal deposit Low operating costs 20
Slide 21: Owendale: Grade-Tonnage
Owendale: Grade-Tonnage Owendale has the highest grade of scandium proposing to use For personal use only proven conventional, high recoveries technologies Scandium Projects – Resource Comparison 500 Syerston 450 Flemington 400 Owendale 350 Sc grade ppm 300 250 Nyngan 200 150 SCONI 100 Zhovti Vody 5
Slide 22: Owendale: Flow Sheet
Owendale: Flow Sheet Leaching For personal use only • Industry standard High Pressure Acid Leach (HPAL) • Expected 83% recovery SXEW • Industry available technology • Low technology risk compared with other competitors Mining HPAL Sc SX Sc Milling Neutralisation Leaching Extraction Tailings 22
Slide 23: Owendale: Scoping Study
Owendale: Scoping Study Owendale Project Scoping Study Result Scoping Study Result For personal use only Key Parameters (AUD$M) (USD$M) Capital Cost estimate $74 $57 Annual Revenue $77 $60 Unit Cash Costs $598 $466 (per kg oxide) Assumptions: AUD : USD 0.78. USD$2,000/kg oxide. 30tpa Sc oxide produc
Slide 24: Owendale: Development
Owendale: Development Offtake Agreements to be finalised by mid-year For personal use only Prefeasibility and Feasibility Studies commencing Q2 2015 Stage Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 15 15 15 15 16 16 16 16 17 17 17 17 Scoping Study Feasibility Study Offtake Agreement Finalisation Baseline S
Slide 25: Owendale: Key Messages
Owendale: Key Messages Potentially world’s largest, highest grade scandium project For personal use only proposing to use proven, conventional high-recovery technology 9,100 tonnes Sc metal (13,392 tonnes Sc2O3) and over 0.5 Moz Pt. Owendale - reliable, secure, stable, long term production will grow
Slide 26: Thank You
For personal use only ASX Code: PGM Website: www.platinaresources.com.au Head Office: 2 Boston Court, Varsity Lakes Thank You QLD 4227, Australia Phone: +61 (0)7 5580 9094 Fax: +61 (0)7 5580 9394 Email: office@platinaresources.com.au 26
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