Platina Resources Limited · ASX:PGM
Platina Resources — Global Resources Investing Conference (June 2010)
28 slides from Platina Resources's conference presentation, Jun 15, 2010
Slide 1: Global Resources Investing Conference
Platina Resources Limited Rob Mosig, Managing Director Global Resources Investing Conference
Slide 2: Disclaimer
Disclaimer 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 Platina Resources Limited (“Platina”), its subsidiaries and its projects, the future price of platinum group metal
Slide 3: Agenda
Agenda • PGM & Gold Market Highlights • Platina Resources Overview • Skaergaard Project • Munni Munni Project • Owendale Project • Proposed Work Plan - 2010
Slide 4: PGM & Gold Market Highlights
PGM & Gold Market Highlights $/Ounce $/Ounce 2,500 2,500 Gold Palladium Platinum 2,000 2,000 1,500 1,500 1,000 1,000 500 500 0 0 1990 1990 1990 1990 1990 1990 1990 1990 1990 1990 1990 1990 1991 1991 1991 1991 1991 1991 1991 1991 1991 1991 1991 1991 1992 1992 1992 1992 1992 1992 1992 1992 1992 1992 1
Slide 5: Gold Long Term Investment Demand Has Shifted Upwards
PGM & Gold Market Highlights Gold Long Term Investment Demand Has Shifted Upwards Investment Demand Million Ounces Million Ounces 60 60 Actual Projections 50 50 40 40 30 30 20 20 10 10 0 0 -10 -10 66 6768 69 7071 7273 7475 7677 78 7980 8182 8384 8586 87 8889 9091 9293 9495 96 9798 9900 01 0203 0405
Slide 6: BRIC Vehicle Sales In Relation To Global Vehicle Sales
PGM & Gold Market Highlights BRIC Vehicle Sales In Relation To Global Vehicle Sales Thousand Vehicles Thousand Vehicles • The BRIC economies 80,000 80,000 now account for nearly Global BRIC one third of global 70,000 70,000 vehicle sales. This proportion is expected to 60,000 60,000 continue rising
Slide 7: Percentage of Supply Held by ETFs
PGM & Gold Market Highlights Percentage of Supply Held by ETFs • In recent years, a growing proportion of PGM supply is being held by ETFs. Investment demand via ETFs has been the driving force behind platinum and palladium prices, consuming excess supply and offsetting some of the weakness in fabri
Slide 8: Platina Resources Overview
Platina Resources Overview • Platina Resources Limited (“Platina” or the “Company”) is a PGM and gold development and exploration company with a global portfolio of advanced and early-stage projects. • Platina has advanced development of its two primary assets, Skaergaard (located in Greenland) and
Slide 9: World's Largest Palladium Deposits
Platina Resources Overview World's Largest Palladium Deposits (1) 35,000,000 30,000,000 Pd Contained Oz 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 Skaergaard Beestkraal Kennedy's Sheba's Nokomis Arctic Kingash Vale Ridge Platinum (1) Source MEG: Includes active projects in either the re
Slide 10: Project Locations
Project Locations • Global portfolio of emerging gold and PGM projects in Greenland and Australia
Slide 11: Share Structure (June 2010)
Platina Resources Overview Share Structure (June, 2010 ) Platina listed via IPO on the ASX at A$0.20 per share on May 29, 2006 Basic issued & outstanding shares 85,516,498 Options on issue - Quoted 15,443,875 - Unquoted 5,603,000 Fully diluted 106,563,373 Common shares listing ASX: PGM Share price (
Slide 12: Management Team
Platina Resources Overview Management Team Robert W. Mosig, Managing Director – MSc, FAusIMM, FAICD Robert Mosig is a geologist with over 30 years experience in platinum group metals, gold and diamond exploration within Australasia. Thomas Abraham-James, Exploration Manager – BSc (Hons), MAusIMM Tho
Slide 13: Skaergaard Project
Skaergaard Project • Skaergaard, located on the coast of Eastern Greenland, has a Canadian NI 43-101 compliant Inferred Mineral Resource, based on over 20,000 metres of drilling. • 100% owned by Platina with no royalties payable on production. • Mineralisation consists primarily of palladium, gold a
Slide 14: Skaergaard Inferred Resource Estimate
Skaergaard Project Inferred Resource Estimate Grades Contained Metal Metric Au Pd Pt Au Pd Pt Zone Tonnes (g/t) (g/t) (g/t) (Moz) (Moz) (Moz) (millions) Combined 1,520.0 0.21 0.61 0.04 10.25 29.61 1.95 Contained within the Combined Zone Gold 106.6 1.68 0.59 0.05 5.77 2.03 0.17 Palladium 103.5 0.11 1
Slide 15: AMEC Minproc Pre-Feasibility Level Findings
Skaergaard Project AMEC Minproc Pre-Feasibility Level Findings • Room and pillar mining has been identified as the preferred underground mining method, with operating costs ranging from US$ 49-81/t for conceptual underground mine development of 2.4Mtpa. • Capital expenditure estimate of US$166 milli
Slide 16: Proposed 2010 Drilling Program
Skaergaard Project Proposed 2010 Drilling Program • Distinctive trend – high grade Au located immediately above PGM-rich zone within Au zone. • Western border of the intrusion. • Region of coherent 2g/t and 3g/t contours identified within 7.5km² area. • Evidence that high grade area could contain co
Slide 17: Skaergaard Mining
Skaergaard Project Mining • AMC has concluded that none of the mining methods proposed by SRK would be suitable for a 6Mtpa operation. • AMC consider most practical method for mining Skaergaard to be apparent dip room and pillar utilising mechanised mining equipment. – Slot stope mining and longwall
Slide 18: Mining Concept
Skaergaard Project Mining Concept • Mine the outcrop – have underground mining module at surface initially. • Drive decline through gold zone, process ore at surface. • Drive completed. • Mine underground. • High grade zone.
Slide 19: Flotation
Skaergaard Project Flotation • Rougher flotation test work to establish float response – P80 75µm – Natural pH 8 – Simple reagent suite: CuSO4 activator, PAX, A3477, Polyfroth Test Head Grade (g/t) Mass Pull Recovery (%) Cum. Grade (g/t) Number (%) Au Pd Au Pd Au Pd GJ3216 1.55 0.47 3.4 88.1 88.8 40
Slide 20: Process Considerations
Skaergaard Project Process Considerations • Consider harsh climatic conditions, terrain and restricted access (sea ice). • Minimise surface infrastructure and associated cost: – Cladding – Power (heating) • Cash flow – Produce dorē and concentrate UNDERGROUND PROCESSING MAXIMISE USE OF GRAVITY • CYA
Slide 21: Proposed Drilling
Skaergaard Project Proposed Drilling • To convert inferred to indicated in well established PGM areas drill hole spacing between 250m and 500m have been used. • AMC recommend deposit be drilled to 500m x 500m. • Area of economic interest to be drilled to 250m x 250m. 2010 field drill program – provi
Slide 22: Munni Munni Project
Munni Munni Project • Munni Munni is located in the Pilbara region of Western Australia. • Deposit 100% owned by Platina with no royalties payable on production. • JORC Measured, Indicated and Inferred Resources of 24 million tonnes grading 2.9 g/t PGM’s and gold (1.4mt Inferred, 9.8mt Indicated, 12
Slide 23: Munni Munni Mineral Resource
Munni Munni Project Mineral Resource JORC Million Pt Pd Au Rh Cu Ni Category Tonnes (g/t) (g/t) (g/t) (g/t) (%) (%) Measured 12.4 1.1 1.4 0.2 0.1 0.09 0.07 Indicated 9.8 1.1 1.6 0.3 0.1 0.22 0.11 Inferred 1.4 1.1 1.6 0.3 0.1 0.15 0.09 Total 23.6 1.1 1.5 0.2 0.1 0.15 0.09 Munni Munni Undiluted Resour
Slide 24: Munni Munni Updated Conceptual Study
Munni Munni Project • Updated conceptual study currently in progress by AMEC Minproc. Objectives of the study are: • To identify potential high-grade portions of the resource. • Review metallurgy and processing options. • Review possibility of on-site smelting. • Review opex and capex costs.
Slide 25: Owendale Project – New Drilling Incentive
Owendale Project – New Drilling Incentive
Slide 26: Proposed Work Plan - 2010
Proposed Work Plan - 2010 Project Greenland Activities Skaergaard • Continue pre-feasibility study with AMEC Minproc as Manager • Further metallurgical testwork • Geotechnical evaluations • 6,000m drill program to confirm potential high grade zone • Review options for mine-site power Miki Fjord • Ev
Slide 27: Proposed Work Plan - 2010
Proposed Work Plan - 2010 Project Australian Activities Munni Munni • Diamond Drilling for metallurgical sample • Resource re-estimation • Commence pre-feasibility study Owendale • Diamond Drilling of Owendale North conductor • Further evaluations of PGM rich lateritic cover Tadpole Creek • Field re
Slide 28: Thank You
Thank You PLATINA RESOURCES LIMITED
Platina Resources — Global Resources Investing Conference (June 2010) on 6ix