The Company’s Skaergaard project is located at 68 degrees north in the volcanic rifted margin along the east coast of Greenland. The Skaergaard intrusion is a Tertiary aged gabbroic intrusive complex containing pgm and gold mineralisation in the upper part of the intrusion known as the Triple Group. The Triple Group is characterized by 100 metres of stratigraphic thickness containing three distinct leucogabbro layers. The pgm and gold mineralisation is comprised of five main levels with an internal separation of about 10 metres which defines a 40 metre reef structure (refer figure below).

Previous workers have reported a mineralised zone within the Triple Group to potentially contain over 50 million ounces of platinum, palladium and gold, with vanadium-titanium-gallium credits. The pgm and gold mineralisation was estimated from a block model compilation estimated in accordance with Canadian National Instrument 43- 101 and Platina is currently further evaluating and confirming these estimations.

Skaergaard inferred ore resource.

The pgm’s are primarily high technology metals whose unique properties make them irreplaceable in many key industrial processes such as autocatalysis, chemical, electrical and petroleum industries. More recently, the pgm’s have been increasingly used in jewellery manufacturing. There is much evidence to suggest that both the demand for the pgm’s will increase over the next decade and that the likelihood of finding a new style of pgm deposit in Australia is high.