Executive Summary
Platinum Australia Limited is a mining exploration company specialising in platinum group elements including paladium, with interests in gold and base metals. The Company has a diverse and exciting portfolio of advanced Platinum Group Metal (PGM) projects in South Africa and Australia providing a pipeline of projects for potential development. In South Africa the Company is currently developing the Smokey Hills PGM Project which is scheduled to commence production in the first half of 2008. This project consists of an open pit and underground mining operation with an onsite processing facility capable of producing ~100,000 oz 4E PGM per annum.
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Platinum Australia has a diverse and exciting portfolio of advanced PGM projects in South Africa and Australia providing a pipeline of projects for potential development. In addition the Company is actively seeking further quality projects to add to this portfolio.
In South Africa the Company is currently developing the Smokey Hills PGM Project which is scheduled to commence production in the first half of 2008. This project consists of an open pit and underground mining operation with an onsite processing facility capable of producing ~100,000 oz 4E PGM per annum.
Also in South Africa the Company is undertaking a Bankable Feasibility Study on the Kalahari Platinum Project (PLA earning 49% from ARMplatinum) on the development of a ~300,000 oz 4E PGM open pit operation.
In Australia, PLA is evaluating the development of the Panton Project which has a current high grade resource of 10 Mt @ 6.1 g/t PGM.
The Company has also developed a new metallurgical process for the recovery of PGM's, the Panton Process, which was developed as part of a Feasibility Study undertaken on the Panton Project. This process, which has been patented, has a number of potential benefits over the traditional smelter route including potential improved recoveries, reduced concentrate transport costs, increased value of final product and reduced environmental impact.
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