PGM 4.00% 2.4¢ platina resources limited

Hi guys, just doing my DD before taking the leap. Can someone...

  1. 63 Posts.
    Hi guys,
    just doing my DD before taking the leap. Can someone help me out - not sure if I'm missing something.
    Referring to the below quote from PGM's 14th Feb Ann:​
    The high grade cobalt Mineral Resource has significant scandium content, unlike the nearby CleanTeq Syerston deposit, 7 km south of Owendale.
    I've taken the time to compare, and inserted tables below, and from what I can see this quote is substantiated only by PGM's Inferred resources. Going by actual measured and indicated, it's the other way round.
    But then I found this snippet from an online article which I've stupidly closed and cant find again to get the date from it.
    Platina’s Owendale scandium project is said to be the largest deposit with the highest grade, and hence a potential primary source of the element.
    Don't mean to cross promote, but in my defence PGM wrote the Ann, I'm just referring to it.
    So, who's is bigger haha???

    Apart from this, with cash backing and PFS underway, I like the look of PGM very much.


    PGM​
    At a cut-off of 300 ppm Sc, the scandium Mineral Resource is:
    Measured Mineral Resource 4.4 Mt @ 405 ppm Sc
    Indicated Mineral Resource 6.4 Mt @ 380 ppm Sc
    Inferred Mineral Resource 17.1 Mt @ 385 ppm Sc
    Total Mineral Resource 27.9 Mt @ 385 ppm Sc
    Containing a total in-situ content of 16,500 tonnes of scandium oxide

    At a higher cut-off of 600 ppm Sc, the scandium Mineral Resource is:
    Measured Mineral Resource 0.12 Mt @ 655 ppm Sc
    Indicated Mineral Resource 0.12 Mt @ 660 ppm Sc
    Inferred Mineral Resource 0.44 Mt @ 645 ppm Sc
    Total Mineral Resource 0.68 Mt @ 650 ppm Sc
    Containing a total in-situ content of 670 tonnes of scandium oxide

    CLQ​
    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
    0 Table 1: Syerston Scandium Mineral Resource Estimate – 2016 Update Cut-off
    Classification
    Category
    Tonnage Mt
    Sc Grade
    ppm
    Sc
    Tonnes
    Sc2O3
    Equiv Tonnes*
    1 Sc
    >300ppm
    Measured
    5.8
    454
    2,635
    4,032
    2 Indicated
    15.9
    420
    6,697
    10,247
    3 Inferred
    6.4
    386
    2,487
    3,805
    4 Total
    28.2
    419
    11,819
    18,083
    5 Sc
    >600ppm
    Measured
    0.6
    685
    394
    603
    6 Indicated
    0.8
    663
    545
    834
    7 Inferred
    0.1
    630
    57
    87
    8 Total
    1.5
    670
    996
    1,524
    TIA
    Greenhill
 
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