11 August 2008 KALAHARI PLATINUM PROJECT LATEST RESULTS SHOW FURTHER WIDE ZONES OF TARGET GRADE MINERALISATION INCLUDING 22m @ 6.58 g/t 3E PGM AT THE CRUX DEPOSIT Platinum Australia Limited (ASX: PLA) (AIM: PLAA) is pleased to announce that the latest results from the resource definition drilling program on the Kalahari Platinum (“Kalplats”)Project (PLA earning 49% from ARMplatinum) have intersected further wide zones of target grade mineralisation in the Crux, Sirius and Vela Deposits. Results from Crux include 22m @ 6.58 g/t 3E PGM in hole KP526; 29m @ 3.58 g/t 3E PGM in hole KP512; 31m @ 3.09 g/t 3E PGM in hole KP533 and 20m @ 4.87 g/t 3E PGM in hole KP543. The results from Sirius include 16m @ 3.36 g/t in hole KP558 and 17m @ 3.36 g/t 3E PGM in hole KP559. At Vela results include 17m @ 3.88 g/t 3E PGM in hole KP573 and 11m @ 3.23 g/t 3E PGM in hole KP578. Further good results have also been recorded in the Serpens North and Orion Deposits. The latest significant results are provided in Table 1 below. PLA Managing Director John Lewins said: “The intersection of 22m @ 6.58 g/t 3E PGM in hole KP526 from the “Crux Gap” is located approximately 100 metres along strike from our previously reported 20m at 6.26 g/t 3E PGM in hole KP529 and is one of our best intersections to date at Kalplats. The proximity of these holes together with the width and values reported in many other holes at Crux over the last two months should further enhance the potential of the deposit as these results are not included in the current resource estimate. Likewise at Sirius we continue to see good wide intersections which increase our confidence in the continuity of this deposit”.
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