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
