chart, page-5

Brenden,

PLA and NKP breaking out (may want to have a look at AQP as well), still early days in this move in PLA imo, reminds me a bit of LNC a few months back.





http://www.proactiveinvestors.co.uk/companies/news/9082/platinum-australia-says-initial-estimate-puts-kalplats-total-indicated-inferred-3e-resource-at-304800-contained-oz-9082.html


Platinum Australia has a portfolio of advanced PGM projects in South Africa and Australia providing a pipeline of projects for potential development.

In South Africa the Company is currently developing the Smokey Hills PGM Project which is scheduled to commence production in 2008. This project consists of an open pit and underground mining operation with an onsite processing facility capable of producing ~100,000 oz 4E PGM per annum.

Also in South Africa the Company is undertaking a Bankable Feasibility Study on the Kalahari Platinum Project (PLA earning 49% from ARMplatinum) on the development of a ~300,000 oz 4E PGM open pit operation.

In Australia, PLA is evaluating the development of the Panton Project which has a current high grade resource of 10 Mt @ 6.1 g/t PGM.

Tuesday, October 13, 2009

Platinum Australia says initial estimate puts Kalplats total indicated & inferred 3E resource at 304,800 contained oz


Platinum Australia Ltd (ASX: PLA; AIM:PLAA) announced that the initial indicated and inferred mineral resources estimate for the Mira deposit at the Kalplats platinum group metals project in South Africa has defined a total resource of 6.63 million tonnes at 1.43 grammes per tonne 3E (platinum, palladium and gold) containing 304,800 oz 3E.

The estimate includes a high grade resource of 1.19 million tonnes at 3.58 g/t 3E containing 137,300 oz 3E.

The Mira deposit was discovered by PLA in 2008 and the resource estimate is based on 41 holes drilled by PLA in 2008. Mira increases to eight the number of deposits which make up the currently identified mineral resource in the Kalplats project.

PLA has recently released the results of a prefeasibility study on the Kalplats project and is currently in the process of completing a definitive feasibility study on the project.

Under the Kalplats joint venture agreement, PLA is earning up to 49 percent of the project from African Rainbow Minerals Platinum (Pty) Ltd by completing a bankable feasibility study including further drilling and providing the right for the project to use the Panton metallurgical process.

PLA managing director John Lewins said: “This new mineral resource estimate for the Mira deposit increases the total mineral resource at Kalplats to 6.7 Moz 3E and the total high grade mineral resource at Kalplats to 3.3 Moz 3E".