Owendale Processing and Skaergaard

From the Annual Report just out.

Owendale :

"Positive metallurgical testing results were also returned during the PFS. The results successfully demonstrated that a standard Pressure Acid Leach (“PAL”) process could dissolve the scandium (93%), cobalt (>97%) and nickel (>97%) using 90 minute trials. These strong recoveries using a proven and patented process gave Platina confidence to process quickly with further feasibility studies. Platina also conducted preliminary solvent extraction test work to recover scandium from leach solution. So far excellent test results have been received with up to 99.3% extraction of scandium from leach solution reported."

Was it Locky who asked about CLQ having their own patented process?  Seems like CLQ are going the HPAL route whereas our evident superior metallurgy only requires standard PAL?  That answers that one.  Easier, cheaper, can control the global pricing cos of grade grade grade and size size size.

Skaergaard :

"The Mineral Resource at Skaergaard includes both the Indicated and Inferred categories which have a combined total of 5.7 million ounces of gold and 8.7 million ounces of palladium and 0.79 million ounces of platinum confined within three reefs (H0, H3 and H5) of the Triple Group, which is the major location for all the gold and platinum group metals (pgm) mineralisation within the Skaergaard Intrusion."

........... thats the JORCed portion within a much larger envelope for later deals


"Mineralisation outcrops at surface, and extends to at least 1.1km vertical depth and more than 35,000m of diamond drilling has been completed."

..... start at surface and gently slopes down, visually identifiable, you could open up at surface and drive a truck down haha ....... you can see how much work has already be done on this.

"Additional infill drilling is likely to increase the quantity of contained metal at Skaergaard. In particular, the northern extent of the Skaergaard Intrusion shows excellent exploration potential."

..... a 4 g/t gold target is suggested in the 2013 scoping study.


"Metallurgical test work identified that the unique properties of Skaergaard ore are amenable to gravity and flotation processes, achieving excellent recoveries from both techniques. With the addition of a small leach circuit, it is conceptually possible to produce gold ore on site. The implications of this are significant as it could allow for year round exports via light aircraft, rather than shipping a concentrate during the relatively short ice-free window that occurs on the east coast of Greenland."

....... easily producing a precious metals dore on-site, year round, underground near the entrance I would think,  and flying it out regularly means continuous operation

"Preliminary results are also encouraging in terms of titanomagnetite and ilmenite recovery, demonstrating that those minerals are upgradable by a combination of magnetic separation and flotation."

.............. there are other high value add co=products to consider in a DFS .......... and then of course the adjacent asset which seems to be a major extension.

Overall methinks there;s more work already been done on Skaergaard than Owendale and it is just short of PFS stage.  That's why IMO (broken record Oly) it would not take much to reactivate proactively NOW that precious metals are knocking on the door of primary wave breakout confirmations.  But being of such potential global magnitude, this needs to be put into a separate vehicle and floated in Canada or like where they have a better understanding of such, for just enough cash (30 pct IPO ?) for infill drilling to complete the PFS, reserves definition and DFS (maybe with subsequent higher price placement) ........... to then offer to the highest strategic bidder for purchase and cap return for KISS.  Once you open it up and move under you can operate this year round.

As I keep saying, Owendale is almost in auto evolution mode and reckon many suitors are already looking closely with DFS not far away.  It is not difficult to restructure to kick start Skaergaard without delay ....... even the gypsies told me so haha.  Come on guys, I can taste this baby now, with respect to Her Majesty.  The 2019 Grand Ball is awaiting in time for then options due haha.

Beats me why PGM aint at least SCY's market cap NOW ( x4) and prepping to launch from a much higher base.  Unless of course "they" whoever "they" may be are trying to squeeze every last share out at/under the major 11 c PP until  "Its time Gough"

U wanna set up yr kids and grandkids with a kick start?  I think I have.  But I wanna also have some serious fun with this for my personal swan song.  Once she clears 11 then 14 it can be a rapid revaluation thereafter.

OWEP