The company’s research activities have focused on the development of commercial extraction technologies for the simultaneous production of scandium oxide, nickel, and cobalt from lateritic ores at its Platina Scandium Project in New South Wales.
Scandium is presently only produced as a by-product from other processes.
Neither dedicated large-scale scandium production processes nor processes capable of producing scandium from primary ores have been developed or commercialised.
Results incorporated into recent DFS
The results of the research and development activities have been incorporated into the definitive feasibility study (DFS) that was released mid-December 2018.
The DFS confirmed the technical and financial viability of constructing a simple, low-strip ratio, open-cut mining operation and processing facility producing high purity scandium oxide.
READ: Platina Resources’ definitive feasibility study confirms robust financials for scandium project
Platina’s managing director Corey Nolan said: “The incentive provides direct assistance to companies like Platina to continue their research and development activities with a view to building value for shareholders.
“The receipt of the R&D rebate strengthens the company’s financial position as the company moves towards the development phase.”
Platina also recently engaged a technical advisor to prepare a scoping study for its emerging Skaergaard gold and platinum group metals (PGM) project in Greenland.