Platina Resources Limited Company Update Presentation

09:47 AEST May 21, 2012 ABN Newswire (C) 2004-2012 Asia Business News PL. All Rights Reserved.

Brisbane, Australia (ABN Newswire) - Platina Resources Limited (ASX:PGM) is pleased to provide a Company Update Presentation for May 2012.


Investment Highlights

Junior explorer focussing on two 100% owned precious metal Resources that adhere to JORC guidelines:


Owendale (N.S.W.)*

- Indicated and Inferred Mineral Resource for platinum of 12.7 Mt @ 0.7 g/t Pt (~287,000 Pt ounces) using a 0.4g/t platinum cut-off

- Indicated and Inferred Mineral Resource for scandium of 10.1 Mt @ 340 g/t Sc (~3,400 Sc tonnes) using a 200g/t scandium cut-off


Skaergaard (Greenland)**

- Inferred Mineral Resource of 23.0Mt @ 2.3g/t gold, 0.7g/t palladium & 0.1g/t platinum (~1.7Moz gold & ~0.5Moz Pd) using a 1.5g/t AuEq cut-off

- Exploration success at Owendale shows potential to increase resource base:

- 66m @ 0.8g/t Pt & 0.3% Cu from 96m drilled depth (FKD-15)

- All projects are unencumbered and located within mining-friendly jurisdictions

- Considerable regional upside nearby to the Owendale and Skaergaard Projects, with drill-ready targets identified.


*Refer to slides 7 & 8 for full resource tables
**Refer to slide 17 for full resource table and AuEq formula

To view the complete Platina Resources Company Update, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-PGM-242043.pdf


About Platina Resources Limited:

Platina Resources Limited (ASX:PGM) has a global portfolio of Platinum Group Metal (PGM), gold and scandium projects, with a core focus on the development of two key advanced assets – the Skaergaard PGM-Gold Project in Greenland and the Owendale Platinum and Scandium Project near Fifield, NSW, Australia.



Contact:

Platina Resources Limited
T: +61-7-5580-9094
F: +61-7-5580-9394
WWW: www.platinaresources.com.au