could be the next pdn

Chart looks set to break $1 now and be into bluesky



Our first twelve months of activities have been very busy; initial focus was on the inclusion of the Polar Bear and
the Skaergaard Projects into the Company’s asset portfolio. The Skaergaard platinum group metal (pgm) and
gold resource is very significant addition to our portfolio, with almost 50 million ounces of these metals
estimated within a layered intrusion located in East Greenland. At the time of writing this letter, SRK in Great
Britain have nearly finished their Scoping Report on Skaergaard, which will include new project economics and
will also provide locations for a follow-up diamond drilling program planned for commencement in June 2008.
The Company considers the Skaergaard Project as one of the world’s major future pgm and gold producers,
and is working towards commencement of a Feasibility Study on the resource within the next two years.

The Polar Bear Project in Western Australia is a new style of pgm exploration where Platina can earn up to 80
percent equity in any pgm’s discovered in tenements held jointly by Barrick Mining and Croesus Mining, under
an Earning-In Agreement signed in October 2006. Almost the entire Polar Bear project area is covered by salt
lakes, however, where outcrop sampling was able to be completed exceptional pgm assays up to 21.2 g/t pgm
were encountered. In August of this year, after carefully reinterpreting earlier flown airborne magnetic data, a
3000 metre diamond drilling program commenced to establish whether pgm mineralisation occurs at depth.
The Company’s Munni Munni pgm project was also under close evaluation this year. Diamond drilling which
started in July 2007 focussed on the Ferguson Reef pgm extensions below shallow Fortescue Formation cover
immediately south of the previously estimated JORC resource of 24 million tonnes grading 2.9 g/t 3E pgm.
Snowden Mining Industry Consultants Pty Ltd have been contracted to incorporate all new drilling and assay
data into the Munni Munni resource model and new mining and project economics will be prepared and
reviewed. The new information from the Snowden assignment will be completed by December of this year. In
addition, a 6 kilometre 2D seismic survey was completed over the central portion of the Munni Munni intrusion.
The data collected from this survey is currently being interpreted and is expected to provide valuable exploration
information as the company evaluates the pgm potential under the Fortescue Formation cover. The Munni
Munni resource, which is currently estimated at 2 million ounces of pgm and gold, with nickel and copper
credits, has good potential to be increased, and activities throughout the remainder of the year will focus on
additional resource identification.
Elsewhere, the Company, has joint-ventured into a zoned ultramafic pgm target in Namibia, where a ground
electromagnetic and magnetic survey has just been completed. In Australia, further evaluation of the Fifield
alluvial platinum project continues with new gravity data interpretation for the outlining of potential new deep
leads. Negotiations on land access are still in progress at the Company’s Mt Venn project near Laverton,
Western Australia, and fieldwork is anticipated to start in late 2007 or early 2008.
During the year, additional exploration funds of $2.8 million were acquired from a placement of 4 million shares,
essentially to the top two major shareholders in the Company. The funds will be used mainly on the Skaergaard,
Polar Bear and Munni Munni projects and the Company has sufficient funds to complete its planned budget of
exploration and development through to November 2008. The Company now has approximately 38 million
shares on issue and almost 600 shareholders.