ASX Release 27 November 2007 CRATER DEPOSIT MINERAL RESOURCE INCREASED BY 16% AT THE KALAHARI PLATINUM PROJECT Platinum Australia Limited (ASX: PLA) (AIM:PLAA) is pleased to announce that the updated Mineral Resource estimate for the Crater Deposit at the Kalplats Project has increased the total contained ozs of PGM’s in the deposit by 16%. The new Mineral Resource estimate is as follows: • Total Resource - 11.2 Mt @ 1.65 g/t 3E PGM, containing ~600,000 oz 3E PGM • Main Reef Package – 5.1 Mt @ 2.4 g/t 3E PGM, containing ~394,000 oz 3E PGM • High grade Resource – 2.92 Mt @ 3.40 g/t 3E PGM, containing ~320,000 oz 3E PGM The resource estimate was completed by Snowden Mining Industry Consultants (“Snowden�) and is based on a 0.5 g/t 3E PGM cut off and represents the resource to a depth of approximately 200 metres below surface. Crater is the first of the seven deposits at Kalplats to be updated, the other deposits will be progressively updated over the next six months.
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