The company is engaged in mining and exploration activities, the company has provided an update on production test work on aluminum scandium master alloy for the Platina Scandium Project in New South Wales. Through a master alloy hardener, the aluminum industry prefers scandium supply which is used to develop proprietary master alloy production procedures. In manufacturing aluminum-scandium alloys for end-users conversion of the scandium oxide produced from mining and processing operations into aluminum scandium, the master alloy is a critical value-adding part of the supply chain.
The test work on master alloy production has focussed on producing master alloy from scandium oxide and has been conducted at a relatively small scale but also for the recently completed Definitive Feasibility Study from intermediate products from the PSP flowsheet developed. From either scandium oxide or intermediate products in the flowsheet developed in the DFS test work program as part of the test work program and it has been demonstrated that the procedure developed can reliably produce 2% scandium-aluminum master alloy, the small-scale work has concluded.
Further work may-be undertook to scale up the process, should potential offtake partners require larger samples now that proprietary procedures have been developed. Corey Nolan, the managing director, states that ‘to produce scandium-containing master alloy developing procedures that enable Platina is an important step in being able to provide potential aluminum industry offtake partners with their preferred product. The scope for operating and cost reductions capital in the final flowsheet design may be provided by the ability to produce the master alloy from an intermediate product.
Platina Resources Limited (ASX: PGM) is ready for utilizing their solid-state technology to produce master alloy as per the agreement with Metalysis Ltd to assess the technical and commercial viability. To produce a scandium-rich master alloy containing 15X the amount of scandium compared to the conventionally available product Owendale scandium oxide to be tested. With a lower environmental footprint, the master alloy compared to traditional melting processes has a scope to reduce the cost of producing significantly. There are significant cost saving benefits to the end user by offering scandium rich master alloy. To produce superior master alloy and accelerate the development of the advanced-stage, Owendale scandium project the strategic initiative is a part of an overall strategy.
Platina Resources Limited (ASX: PGM) has traded flat at a market price of $0.060 which is near its 52-week low. The stock has undergone a performance change of 11.11% over the past one week but has declined by 62.50% over the past one year.
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