1
7th Annual Mining NSW Conference7th Annual Mining NSW Conference
Mark Dugmore
Exploration Manager
ASX Code: PGM
Orange
2...
2
DisclaimerDisclaimer
Cautionary and Forward-Looking Statements
This presentation contains “forward-looking information” ...
3
Project PortfolioProject Portfolio
Mineral Resources
Owendale (N.S.W.)
Indicated and Inferred Mineral Resource for plati...
4
Corporate SummaryCorporate Summary
Issued Capital Major Shareholders
Ordinary shares listing: ASX: PGM Electrum Ltd 20.7...
5
Board and ManagementBoard and Management
Reg Gillard, Non-Executive Chairman – BA, FAICD, FACPA, JP
• Reg has more than ...
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OWENDALE
Platinum – Scandium Project
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Owendale: Platinum ResourceOwendale: Platinum Resource
Australia’s newest platinum
resource
~287,000oz of contained plat...
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Owendale: Scandium ResourceOwendale: Scandium Resource
~3,400 tonnes of contained
scandium
Coincident with the majority ...
9
Australian Scandium PeersAustralian Scandium Peers
Deposit Company Commodities Mt Sc (g/t) Sc (tonnes)
Nornico* Metallic...
10
Owendale: LocationOwendale: Location
350km west of Sydney
Existing roads and electricity on-
site
Initial environmental...
11
Owendale: GeologyOwendale: Geology
Quaternary Palaeo-channels
Tertiary Laterite
-Pt
-Sc
Devonian Owendale
Alaskan-type
...
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Owendale: SceneryOwendale: Scenery
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Owendale: MineralisationOwendale: Mineralisation
Pt & Sc associated with sub-horizontal concentrations in regolith prof...
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Owendale: Cross SectionsOwendale: Cross Sections
OWENDALE NORTH PROSPECT
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Owendale: RC DrillingOwendale: RC Drilling
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mFrom mTo Au_ppb Pt_ppb Sc_ppm Co_ppm Cu_ppm Zn_ppm Al2O3_pct SiO2_pct Fe2O3_pct MgO_pct CaO_pct Na2O_pct K2O_pct TiO2_...
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Owendale: MetallurgyOwendale: Metallurgy
Differing mineralogical characteristics between Pt & Sc necessitate
2 differen...
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Owendale Scoping Study HighlightsOwendale Scoping Study Highlights
Economic and technical viability of a combined plati...
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SummarySummary
Junior explorer focused on PGM and precious metals in Australia
and Greenland
Eight Projects, three with...
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Owendale: 2013 OnwardsOwendale: 2013 Onwards
20
3 years
4 years
6 years
1 year
?? years
Downturns, as
evidenced in
Expl...
21
Thank YouThank You
ASX Code: PGM
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Mark Dugmore, Exploration Manager, Platina Resources Limited - The Owendale Platinum & Scandium project in Owendale/Tullamore

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Mark Dugmore, Exploration Manager, Platina Resources Limited delivered the presentation at the 2013 Mining NSW Conference.

The 2013 Mining NSW Conference looked at mine exploration and development opportunities in Central NSW and the Northern Tablelands with a spotlight on capital raising outlook and overseas investment.

For more information about the event, please visit: http://www.informa.com.au/miningnsw13

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Mark Dugmore, Exploration Manager, Platina Resources Limited - The Owendale Platinum & Scandium project in Owendale/Tullamore

  1. 1. 1 7th Annual Mining NSW Conference7th Annual Mining NSW Conference Mark Dugmore Exploration Manager ASX Code: PGM Orange 27th June 2013
  2. 2. 2 DisclaimerDisclaimer Cautionary and Forward-Looking Statements This presentation contains “forward-looking information” which may include, but is not limited to, statements with respect to the future financial or operating performance of Platina Resources Limited (“Platina”), its subsidiaries and its projects, the future price of platinum group metals (“PGM’s”), the estimation of mineral resources, operating and exploration expenditures, costs and timing of development of new deposits, costs and timing of future exploration, requirements for additional capital, government regulation, environmental risks, reclamation expenses, title disputes or claims and limitations of insurance coverage. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Platina and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of PGM’s; possible variations of ore grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accident, labor disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although Platina has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and Platina disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Platina undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Competent Person’s Statement The information in this Presentation that relates to Owendale Indicated and Inferred Mineral Resource and Skaergaard Inferred Mineral Resource is based on information compiled by Mr Ivor Jones who is a full time employee of Snowden Mining Industry Consultants Pty Ltd and who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Jones has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Jones consents to the inclusion in the presentation of the matters based on this information in the form and context in which it appears. The information in this Presentation that relates to Munni Munni Mineral Resources is based on information compiled by Mr R W Mosig who is a full time employee of Platina Resources Limited and who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Mosig has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mosig consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. The information in this Presentation that relates to Exploration Results is based on information compiled by Mr M Dugmore who is a full time employee of Platina Resources Limited and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Dugmore has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Dugmore consents to the inclusion in the presentation of the matters based on this information in the form and context in which it appears.
  3. 3. 3 Project PortfolioProject Portfolio Mineral Resources Owendale (N.S.W.) Indicated and Inferred Mineral Resource for platinum • 12.7 Mt @ 0.7 g/t Pt (~287,000 Pt ounces) using a 0.4g/t platinum cut-off Indicated and Inferred Mineral Resource for scandium • 10.1 Mt @ 340 g/t Sc (~3,400 Sc tonnes) using a 200g/t scandium cut-off Munni Munni (W.A.) Inferred Mineral Resource of 23.6Mt @ 1.1g/t platinum, 1.5g/t palladium & 0.2g/t gold (~0.8Moz Pt & ~1.1Moz Pd) using a 1.9g/t PGM+Au cut-off Skaergaard (Greenland) Inferred Mineral Resource of 23.0Mt @ 2.3g/t gold, 0.7g/t palladium & 0.1g/t platinum (~1.7Moz gold & ~0.5Moz Pd) using a 1.5g/t AuEq cut-off Exploration Projects Applications underway for seven new tenements covering approximately 1,960km2 in W.A. - prospective for PGM, Ni-Cu and gold deposits Junior explorer focused on precious metals in Australia and Greenland
  4. 4. 4 Corporate SummaryCorporate Summary Issued Capital Major Shareholders Ordinary shares listing: ASX: PGM Electrum Ltd 20.7% Shares on issue: 132 Million Cairnglen Investments Pty Ltd 10.3% Unlisted Options: 8.8 Million Sino Portfolio International 7.0% Share price (6/06/2013): 4c Yandal Investments Pty Ltd 6.0% Cash at April 30: AUD $2.6.Million Citicorp Nominees Pty Ltd 3.7% Market capitalisation: ~AUD$6.6 Million Top 10 57.2% 6 month price chart. Source: ASX.
  5. 5. 5 Board and ManagementBoard and Management Reg Gillard, Non-Executive Chairman – BA, FAICD, FACPA, JP • Reg has more than 30 years’ experience in the formation, governance and financial maintenance of exploration and mining companies throughout the world. Robert W. Mosig, Managing Director – MSc, FAusIMM, FAICD • Rob is a geologist with more than 30 years’ experience in Platinum Group Metals, gold and diamond exploration within Australasia. Brian Moller, Non-Executive Director – LLB (Hons) • Brian is a corporate partner in the Brisbane-based law firm Hopgood Ganim where he has been a partner since 1983. He practices almost exclusively in the corporate area with an emphasis on capital raising, mergers and acquisitions. Mark Dugmore, Exploration Manager – MSc, MAusIMM • Mark is a geologist with more than 25 years’ experience in gold and base metals exploration within Australia as well as internationally.
  6. 6. 6 OWENDALE Platinum – Scandium Project
  7. 7. 7 Owendale: Platinum ResourceOwendale: Platinum Resource Australia’s newest platinum resource ~287,000oz of contained platinum Historic drilling shows significant potential to discover more platinum Hosted in laterite, less than 50m deep and amenable to open-cut mining methodsTotal Pt resource using a 0.4g/t Pt cut-off, and showing resource classification. Estimation carried out by Snowden Mining Industry Consultants, Brisbane, March 2012.
  8. 8. 8 Owendale: Scandium ResourceOwendale: Scandium Resource ~3,400 tonnes of contained scandium Coincident with the majority of the platinum resource Potential exists to significantly increase the resource Total Sc resource using a 200g/t Sc cut-off, and showing resource classification. Estimation carried out by Snowden Mining Industry Consultants, Brisbane, March, 2012.
  9. 9. 9 Australian Scandium PeersAustralian Scandium Peers Deposit Company Commodities Mt Sc (g/t) Sc (tonnes) Nornico* Metallica Minerals Ni, Co, Sc 16.8 130 2,184 Nyngan** Jervois Mining Sc 12.0 261 3,134 Owendale Platina Pt, Sc 10.1 340 3,400 Owendale’s scandium has a competitive advantage due to the high - grade and platinum endowment Sources: *Metallica Minerals Ltd, ASX Release 21/2/2012 titled “NORNICO – Lucknow Deposit, Nth Qld Scandium & Nickel-Cobalt Resource Upgrade” **Jervois Mining Ltd, Company website www.jervoismining.com.au
  10. 10. 10 Owendale: LocationOwendale: Location 350km west of Sydney Existing roads and electricity on- site Initial environmental baseline studies show no obstacles to mining Located in a known mining district 3,325m drilling completed April 2013 to increase Pt resource
  11. 11. 11 Owendale: GeologyOwendale: Geology Quaternary Palaeo-channels Tertiary Laterite -Pt -Sc Devonian Owendale Alaskan-type Intrusive -Pt Cambro- Ordovician Girilambone Group sediments
  12. 12. 12 Owendale: SceneryOwendale: Scenery
  13. 13. 13 Owendale: MineralisationOwendale: Mineralisation Pt & Sc associated with sub-horizontal concentrations in regolith profile Mineralisation extends from 2m down to 55m Pt is independent of Sc but coincident in places Pt & Sc is concentrated by preferential erosion of other primary rock minerals leaving immobile Pt & Sc proportionally enriched Primary Pt mineralisation in dunite-wehrlite is source Pt in regolith present as isoferroplatinum grains (Pt, Pd)3(Fe,Cu) No distinct Sc minerals – association with goethite in regolith
  14. 14. 14 Owendale: Cross SectionsOwendale: Cross Sections OWENDALE NORTH PROSPECT
  15. 15. 15 Owendale: RC DrillingOwendale: RC Drilling
  16. 16. 16 mFrom mTo Au_ppb Pt_ppb Sc_ppm Co_ppm Cu_ppm Zn_ppm Al2O3_pct SiO2_pct Fe2O3_pct MgO_pct CaO_pct Na2O_pct K2O_pct TiO2_pct P2O5_pct MnO_pct Cr2O3_pct doma_2 0 1 7 19 11 32 170 100 7.16 78.5 6.92 1.61 0.98 0.04 0.52 0.39 0.05 0.05 0.11 5 1 2 11 9 13 33 70 80 11.3 73.1 6.82 1.23 0.38 0.2 1.06 0.63 0.03 0.05 0.06 10 2 3 2 5 21 19 40 60 7.02 70.6 16.8 0.63 0.17 0.11 0.62 0.52 0.06 0.07 0.12 10 3 4 3 7 13 19 40 70 8.52 73.7 10.7 0.86 0.18 0.17 0.84 0.54 0.06 0.12 0.02 10 4 5 -2 8 19 25 50 60 12.8 65.4 11.6 1.19 0.19 0.21 1.29 0.83 0.06 0.07 0.02 10 5 6 4 9 19 33 50 50 8.36 71.3 13.5 0.81 0.15 0.15 0.69 0.55 0.04 0.09 0.03 10 6 7 -2 15 31 19 30 40 6.87 66.7 21.6 0.45 0.08 0.09 0.37 0.6 0.04 0.06 0.06 10 7 8 3 53 13 14 50 40 8.66 77.3 7.75 0.61 0.09 0.14 0.65 0.7 0.03 0.06 0.02 10 8 9 3 7 21 26 40 40 6.98 67.3 19.7 0.39 0.07 0.1 0.36 0.59 0.04 0.06 0.05 10 9 10 2 9 23 18 50 40 7.46 66.6 20.6 0.37 0.08 0.08 0.34 0.54 0.04 0.04 0.05 10 10 11 -2 6 10 20 40 -25 5.84 83.8 5.97 0.48 0.09 0.1 0.42 0.67 0.02 0.04 0.01 10 11 12 -2 -5 13 13 30 30 10.8 75.9 5.58 1.09 0.24 0.16 0.92 0.82 0.02 0.06 0.01 10 12 13 -2 -5 15 12 30 60 11.3 74.3 5.76 1.34 0.21 0.18 1.1 0.92 0.02 0.06 0.01 10 13 14 3 -5 14 11 40 8310 8.4 76.8 8.76 0.71 0.12 0.12 0.73 0.65 0.03 0.03 0.03 10 14 15 4 -5 12 -5 30 100 7.86 81.9 4.46 0.74 0.27 0.12 0.7 0.57 0.02 0.03 0.02 10 15 16 3 13 22 9 40 40 7.8 70.2 16.8 0.44 0.09 0.08 0.51 0.5 0.05 0.03 0.06 10 16 17 5 26 31 12 50 30 9.91 64.2 19.2 0.65 0.13 0.11 0.55 0.65 0.04 0.03 0.09 10 17 18 14 317 232 23 1000 110 12.2 42 33.9 1 0.25 0.14 0.58 1.06 0.04 0.08 0.19 35 18 19 26 6630 313 35 1620 150 16.2 21.7 46.7 1.2 0.66 0.11 0.19 1.1 0.04 0.15 0.28 35 19 20 27 3980 309 28 2060 180 18.1 19.3 45.4 1.24 0.26 0.1 0.12 1.66 0.05 0.15 0.8 35 20 21 40 2960 317 65 2600 170 13.3 16.5 55.1 1.17 0.16 0.07 0.08 1.94 0.04 0.36 1.65 35 21 22 49 1640 416 70 3580 130 18.3 22 44.3 0.85 0.16 0.08 0.07 1.13 0.04 0.27 0.6 60 22 23 48 1540 620 1510 3400 130 18.9 21.5 42.9 0.57 0.14 0.09 0.06 1.11 0.05 1.12 0.76 60 23 24 103 1000 650 9810 5500 150 20.1 18.1 34.4 0.43 0.17 0.11 0.06 0.85 0.05 9 0.29 60 24 25 61 705 545 3830 5370 250 18.6 20.6 38.7 0.41 0.15 0.06 0.08 1.02 0.07 5.85 0.18 60 25 26 27 813 595 2110 3350 150 13.6 18.9 52.2 0.44 0.16 0.07 0.1 1.7 0.06 1.73 0.32 60 26 27 40 450 482 1530 5530 270 10 22.7 51.7 1.29 0.32 0.09 0.08 1.34 0.05 1.63 0.31 70 27 28 40 405 234 737 9630 560 8.17 35.3 35.4 5.28 0.52 0.2 0.09 1.12 0.07 0.99 0.47 70 28 29 7 16 230 489 6230 470 6.82 39.3 36.8 3.63 0.55 0.2 0.09 0.78 0.03 0.7 0.33 70 29 30 133 517 115 373 10100 560 7.21 29.5 41.8 6.04 0.41 0.14 0.06 1.88 0.03 0.73 2.89 70 30 31 85 257 79 261 12000 540 8.7 35.8 30 9.18 0.55 0.2 0.07 1.34 0.22 0.61 0.84 70 31 32 83 253 138 252 8570 460 8.01 41 28 8.03 0.6 0.2 0.1 0.98 0.06 0.75 0.41 70 32 33 51 318 127 273 7700 410 6.11 35.9 38.1 5.8 0.46 0.16 0.06 1.11 0.04 0.64 1.41 70 33 34 88 628 179 267 6080 340 5.34 45.4 31 4.08 0.68 0.19 0.08 0.69 0.03 0.68 0.48 70 34 35 268 830 200 272 7480 370 4.54 47.2 25.9 5.89 3.11 0.23 0.1 0.6 0.01 0.54 0.51 70 35 36 62 356 171 234 5690 250 3.99 49.9 22 7.29 5.09 0.23 0.07 0.55 -0.01 0.52 0.53 70 36 37 215 705 83 134 8140 310 4.51 52.9 20.2 7.46 4.32 0.17 0.06 0.57 0.02 0.43 0.49 70 37 38 48 200 66 173 5970 150 2.77 54.3 22.3 7.68 4.87 0.17 0.05 0.55 0.02 0.36 0.65 70 38 39 52 194 64 120 5740 110 2.9 53.3 14.8 11.7 10.2 0.24 0.04 0.45 0.02 0.28 0.56 70 39 40 36 426 63 89 4360 70 2.44 51.9 13.2 13.5 13.4 0.27 0.04 0.38 0.02 0.26 0.28 70 40 41 96 994 53 72 4130 60 1.78 58.7 8.17 12.9 14.3 0.25 0.03 0.25 0.01 0.16 0.22 80 41 42 18 129 57 58 2450 -25 1.51 53.8 7.04 16.5 17.7 0.38 0.03 0.18 0.01 0.16 0.25 80 42 43 7 61 51 52 1230 -25 1.25 52 6.45 17.9 19.5 0.3 0.02 0.17 0.01 0.14 0.25 80 43 44 13 62 54 44 1480 -25 1.13 52.3 6.3 18.3 19.2 0.27 0.01 0.15 -0.01 0.14 0.25 80 44 45 8 56 54 48 1630 -25 1.22 50.9 6.03 19.2 18.4 0.27 0.01 0.16 0.01 0.13 0.25 90 45 46 103 82 47 56 2930 -25 1.06 48.3 7.89 19.3 17.1 0.21 0.01 0.18 0.01 0.14 0.31 90 46 47 26 147 51 68 1590 -25 1.17 48.1 7.06 20.1 16.7 0.2 0.02 0.17 0.01 0.15 0.25 90 47 48 25 145 50 60 2080 -25 1.23 48.9 6.67 19.8 16.4 0.2 0.02 0.15 0.01 0.14 0.23 90 48 49 62 939 33 62 5870 100 2.38 45 10.1 16.6 15.6 0.16 0.04 0.4 0.06 0.22 0.65 90 49 50 184 817 27 97 6200 260 2.66 32.4 23.1 16.5 11.2 0.12 0.02 1.05 0.02 0.24 3.82 90 Owendale: Drillhole FKD11-122 Pt Sc Fe Transported Alluvium
  17. 17. 17 Owendale: MetallurgyOwendale: Metallurgy Differing mineralogical characteristics between Pt & Sc necessitate 2 different processing methods Conventional gravity recovery (66.3%) for Pt • Concentrate 340 g/t Pt Atmospheric leaching followed by solvent extraction for Sc • Sc oxide >99.9% purity Further met testwork currently underway 17 See ASX release dated 11 September 2012
  18. 18. 18 Owendale Scoping Study HighlightsOwendale Scoping Study Highlights Economic and technical viability of a combined platinum and scandium mining operation confirmed Existing platinum and scandium Indicated Mineral Resources can support an average mining rate of 6.9 Mtpa for 3 years. After 3 years the stockpiled scandium-bearing laterite will continue to be processed to produce: • 0.9 tonnes of platinum per annum for 3 years • 40 tonnes of scandium oxide per annum for 41 years Estimated capital expenditure of AUD$222 million Estimated annual operating costs of AUD$62 million for the first 3 years, reverting to approximately AUD$42 million once platinum processing ceases NPV of AUD$149 million (pre-tax, 100% equity, 10% discount rate, real terms), IRR of 15% (pre-tax)
  19. 19. 19 SummarySummary Junior explorer focused on PGM and precious metals in Australia and Greenland Eight Projects, three with JORC Compliant mineral resources Focused on the Owendale Project in New South Wales where we have: • currently ~287,000oz of contained platinum • 3,400 tonnes of contained scandium 3,325m drilling JUST COMPLETED to increase Pt resource. Innovative platinum and scandium metallurgy in progress.
  20. 20. 20 Owendale: 2013 OnwardsOwendale: 2013 Onwards 20 3 years 4 years 6 years 1 year ?? years Downturns, as evidenced in Exploration Expenditures, vary in length from 1 to 6 years Small Resources Index now back to 2005 levels Source: ABS & MinEx Consulting * 2013 : NOT THE END OF THE CURRENT MINING BOOM! * 2013 IS THE START OF THE NEW ONE!
  21. 21. 21 Thank YouThank You ASX Code: PGM

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