trending Market Intelligence /marketintelligence/en/news-insights/trending/-fx4_iBWQOzQMzou_Luvxg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Platina estimates US$166M value, 30-year life for namesake scandium project

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Platina estimates US$166M value, 30-year life for namesake scandium project

Platina Resources Ltd. said Dec. 13 that a definitive feasibility study on the Platina scandium project in New South Wales, Australia, estimated a posttax net present value, at an 8% discount, of US$166 million, with an internal rate of return of 29%.

The study is based on a scandium oxide price of US$1,550 per kilogram and a combined proven and probable ore reserve of 4.0 million dry tonnes grading 570 parts per million of scandium, 0.12% nickel and 0.09% cobalt at a 450 ppm scandium cutoff at the Red Heart mine.

The project's stage-one capital cost estimate is US$48.1 million, while stage-two is estimated at US$11.1 million, with an expected payback period of 5.3 years. The project is expected to produce 20 tonnes of scandium oxide per year over a 30-year life of mine for stage-one, growing to 40 tonnes per year starting on the fifth year.

CapEx for the total life of project is at US$104.1 million and life-of-mine average cash operating costs of US$525 per kilogram.

Platina noted that the study confirmed the technical and financial viability of constructing a low-strip ratio, open-cut mining operation and processing facility producing scandium oxide. Ore mined at Red Heart will be processed through a conventional high pressure acid leach circuit to produce high purity scandium oxide.

The company said that it is now focused on the environmental impact assessment, mining license and development applications, as well as securing offtake financing for the project.

In August, Artemis Resources Ltd. formed a joint venture with Platina for a 70% interest over the Munni Munni platinum group metals project in Western Australia.