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Owendale has increased 9% to 25.9 million tonnes grading 380 parts per million scandium for 15,100t of contained scandium oxide.
Scandium oxide resides in an opaque market, with the US Geological Survey quoting a price of $US3700 per kilogram of high purity (99.9%) product back in 2012.
The element is seen as having “enormous growth potential” in two key markets; aerospace/transport and energy/electrical.
Platina has been enjoying strong market success in recent times on the emergence of Owendale and scandium, with the nearly similar Syerston project owned by the Robert Friedland-backed Clean TeQ Holdings being an obvious marketing positive.
Platina raised $A2.3 million last month by issuing shares at 8c, with the funds earmarked for feasibility work.
Shares in Platina were up 1% to 9.8c in morning trade, capitalising the company at about $21 million.
The stock was changing hands for little more than 3c back in February.
