How is Platina Resources (ASX:PGM) positioned with high-grade scandium and gold projects?

Highlights:

• Platina Resources (ASX:PGM) has undertaken key activities across its project portfolio in 2022 so far.
• The company holds one of the largest and highest-grade scandium deposits in the world.
• The Challa and Xanadu gold projects are expected to see drilling this year.
• Accelerated growth and development activities across its project portfolio have been key drivers of the company's progress.

Mineral explorer Platina Resources Limited (ASX:PGM) is leaving no stone unturned to advance the development of its gold and scandium-focused projects in tier 1 mining jurisdictions of Australia.

Starting 2022 on a high note, the Company has undertaken numerous key activities across its robust project portfolio.

Image source: © 2022 Kalkine Media®

ALSO READ: Platina Resources (ASX:PGM) closes H1 with major strides at gold and scandium projects

Platina Scandium Project (100% interest) – Platina Resources holds one of the largest and highest-grade scandium deposits in the world. The central New South Wales-based project holds potential to become Australia's first scandium producer with cobalt, platinum and nickel credits.

As part of its intellectual property development program, the Company has produced a new high-grade, aluminium-scandium master alloy. The program is designed to develop a proprietary process for the production of value-added, aluminium-scandium master alloy that is directly saleable in the market.

KNOW MORE: Eye on IP, Platina Resources produces high-grade aluminium-scandium master alloy

Xanadu Gold Project (100% interest) – Located in the Ashburton Basin in Western Australia, the project lies in close proximity to the multi-million-ounce gold endowment, Mt Olympus gold project.

The project holds widespread gold mineralisation within a large and intense hydrothermal alteration system.

The latest geophysics program has identified a number of anomalies for drill testing at the project. The company has initiated preparatory work for heritage surveying and other statutory requirements to allow drill, which is planned in 2022.

READ MORE: Platina Resources’ (ASX:PGM) geophysics program outlines major targets at Xanadu

Challa Gold Project (100% interest) – The project, 500km north-east of Perth, sits between the prolific Western Australian gold districts of Mt Magnet and Sandstone.

The project has seen limited recent or modern exploration activities. The company has planned to drill test soil anomalies across the project this year. The aircore drill program will kick-off once a Land Use Agreement has been signed with the traditional landowners, and an archaeological site clearance completed.

Investments worth AU$7.5 million - The company holds significant investments as highlighted in the image below:

Data Source: Company presentation, 3 May 2022

READ MORE: Platina Resources (ASX:PGM) appoints new exploration manager to rev up gold quest

In a nutshell, Platina Resources has made a remarkable journey so far across its project portfolio. Furthermore, the Company’s robust plans coupled with a prospective project base and strong investment strategies are expected to maximise the shareholder value.

PGM shares were trading at AU$0.037 in the early hours of 12 May 2022.