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Platina Resources to divulge offtake for Owendale

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Platina Resources (ASX:PGM) will look to possibly divulge details of offtake for its Owendale platinum, scandium, nickel and cobalt Project when it exits a trading halt, possibly before Wednesday, 20 August 2014.

The share price has been rearing, up 240% since July as the market likes what it sees.

Recently, Platina signed a Heads of Agreement with Chinese manufacturer Inner Mongolia Honfine Zirconium Industry Co Ltd for supply (under an Off-take Agreement) of 15 tonnes per annum of scandium oxide.

Owendale is located in central New South Wales, northeast of Parkes and 350 kilometres west of Sydney.

The project is one of Australia’s advanced new platinum development opportunity and the world’s largest,  highest-grade laterite-hosted scandium deposit.

 

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Quick facts: Platina Resources Ltd

Price: 0.025 AUD

ASX:PGM
Market: ASX
Market Cap: $8.16 m
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