Quarterly Reports

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  • Quarterly Report for the period ended 30 June 2008

    Jul 30th 2008

  • Quarterly Report for the Period Ended 31 March 2008

    Apr 30th 2008

    • Smokey Hills Progress
    • Diesel Generators Ordered for Smokey Hills
    • Smokey Hills Commences Draw Down on the Standard Bank Debt Facility
    • Results from the Resource Drilling Program at the Kalahari Platinum Project
    • GR Engineering Services Awarded Contract for the Updated Feasibility Study on the Panton Project

  • Quarterly Report for the Period Ended 31 December 2007

    Jan 31st 2008

  • Quarterly Report for the period ended 30 September 2007

    Oct 30th 2007

    • Wide Zones of High Grade PGM Mineralisation identified from drilling at the Kalahari Platinum Project
    • More long lead items ordered for the Smokey Hills PGM Project

  • Quarterly Report to Shareholders for the period ended 30 June 2007

    Jul 31st 2007

    • Standard Bank approves ZAR256 Million (US$37 Million) Project Finance for the Smokey Hills Project
    • New PGM Mineralisation Identified in Reefs outside of known deposits from drilling at the Kalahari Platinum Project
    • Share Placement Raises $12.5 million
    • Appointment of RBC Capital Markets as AIM Broker
    • Smokey Hills Project EPCM Contract awarded to GRD Minproc

  • Quarterly Report to Shareholders for the period ended 31 March 2007

    Apr 30th 2007

    • PLA Issues 15 million shares to complete the acquisition of 80% of the Smokey Hills PGM Project.
    • Further positive results from the drilling program at the Kalahari Platinum Project.
    • New Order Prospecting Right issued for the Kalplats "Extended" Platinum Project.

  • Quarterly Report to Shareholders for the period ended 31 December 2006

    Jan 30th 2007

    • PLA mandates Standard Bank to arrange funding for the Smokey Hills project
    • Positive initial results from the drilling program at the Kalahari project
    • Exploration decline re-opened at the Panton Project and a bulk sample mined
    • PLA issues 15 million shares to complete the acquisition of 80% of the Smokey Hills project

  • Quarterly Report to Shareholders for the period ended 30 September 2006

    Oct 31st 2006

    • Green Light for Smokey Hills PGM Project from BFS 
    • New Order Right Cession for Smokey Hills PGM Project
    • New Order Right Issued for Kalahari Platinum Project
    • PLA Mandates Standard Bank to arrange Funding for the Smokey Hills Project

  • Quarterly Report to Shareholders for the period ended 30 June 2006.

    Jul 28th 2006

    • Smokey Hills PGM Project Resource reaches 1 Million Ozs
    • Positive Preliminary Results from the Smokey Hills PGM Project
    • Share Placement of 22.2 Million new fully paid shares

  • Quarterly Report to Shareholders for the period ended 31 March 2006

    Apr 28th 2006

    • Measured and Indicated Resource Estimate for Smokey Hills PGM Project
    • Excellent Metallurgical Results for Smokey Hills Feasibility Study
    • New Order Prospecting Right Issued for Smokey Hills PGM Project

  • Quarterly Report to Shareholders for the period ended 31 December 2005

    Jan 31st 2006

    • Resource definition drilling program at the Smokey Hills PGM Project
    • Kalplats exploration area extended to cover 50 kilometres of strike
    • Completion of placement of 30 million ordinary fully paid shares
    • PLA to Joint Venture with Sally Malay Mining on potential development of the Panton Platinum Palladium Project
    • Platinum Australia commences trading on the London AIM Market

  • Quarterly Report to Shareholders for the period ended 30 September 2005

    Oct 28th 2005

    • Resource Definition Drilling Program at the Smokey Hills PGM Project
    • GRD Minproc awarded the contract for the Feasibility Studies on the Smokey Hills and Kalahari Platinum Projects
    • Platinum Australia Limited to List on London AIM Market
    • Placement of 30 Million Ordinary Fully Paid Shares

  • Quarterly Report to Shareholders for the period ended 30 June 2005

    Jul 28th 2005

    • Platinum Australia and Smokey Hills Platinum sign formal Agreement 
    • Platinum Australia and African Rainbow Minerals Platinum sign formal Kalahari Platinum Project Joint Venture Agreement 
    • Platinum Australia and 24 Rivers Mining sign formal Joint Venture Agreement 
    • Placement of 25 Million Ordinary Fully Paid Shares 

  • Quarterly Report to Shareholders for the period ended 31 March 2005

    Apr 29th 2005

    • Platinum Australia and African Rainbow Minerals Platinum sign formal Kalahari Platinum Project Joint Venture Agreement

  • Quarterly Report to Shareholders for the period ended 31 December 2004

    Jan 31st 2005

    • Platinum Australia Limited acquires second advanced PGM project in South Africa

  • Quarterly Report to Shareholders for the period ended 30 September 2004

    Sep 30th 2004

    • During the quarter Platinum Australia Limited ("PLA") announced its first venture in South Africa with the signing of the Memorandum of Understanding with African Rainbow Minerals Platinum (Proprietary) Limited ("ARMplatinum") to acquire up to 49% of the Kalahari Platinum ("Kalplats") Platinum Group Metals ("PGM") Project. The Kalplats Project which is at the pre feasibility stage is located 330 km west of Johannesburg and contains a resource of 3.4 million ounces 3E PGM (platinum + palladium + gold).
    • PLA also announced its second venture in South Africa with the signing of a Heads of Agreement with 24 Rivers Mining (Pty) Ltd ("24RM")  to acquire up to 74% in the 24 Rivers PGM Project located on the northern limb of the Bushveld Complex.

     

  • Quarterly Report to Shareholders for the period ended 30 June 2004

    Jul 30th 2004

    • During the quarter Platinum Australia Limited ("PLA") completed a drilling program at the Imagi Well PGM Project, undertook further testwork on the application of the "Panton Process" to previously untested ore from South Africa and continued to evaluate a number of potential PGM projects in South Africa.

  • Quarterly Report to Shareholders for the period ended 31 March 2004

    Apr 29th 2004

    • During the quarter Platinum Australia Limited ("PLA") continued to focus on identifying and evaluating potential PGM projects in South Africa. In addition further testwork was initiated on the application of the Panton Process to a number of South African PGM ores and results are expected in the coming quarter.
    • The proceeds from the 1 for 6 Non-Renounceable Entitlement Issue which closed on 31 December 2003, amounting to approximately $2.3 million were received during the quarter.

  • Quarterly Report to Shareholders for the period ended 31 December 2003

    Jan 30th 2004

    • During the quarter Platinum Australia Limited ("PLA") completed an initial testwork program on the application of the "Panton Process" to a low grade platinum group metals ("PGM") concentrate from an undeveloped South African PGM deposit and achieved comparable results to those achieved on concentrates from the Panton Project. Recoveries ranged from approximately 80% for platinum to over 95% for palladium and gold.  This is considered extremely significant as the results achieved on this South African Project confirm that the "Panton Process" can be successfully applied to ores other than Panton.
    • The Company has continued to focus on identifying and evaluating potential PGM projects in South Africa is planning to undertake further testwork on the application of the "Panton Process" to a number of other ores from South Africa in the coming quarter.
    •  PLA successfully completed a 1 for 6 Non-Renounceable Entitlement Issue during the month which raised approximately $2.3 million. The issue was at 20 cents and included a free attaching option on a 1:2 basis.
    • As a result of the Rights Issue the Anglo Pacific Group Plc. increased their holding in PLA to approximately 18.5% and the Lonmin holding has been diluted to 38%.
    • The Board recently announced the appointment of Mr William Alexander (Lex) Hansen as a Director of the Company, representing the interests of Anglo Pacific Group Plc. Lex brings more than 35 years experience in senior positions in the mining industry and will be a valuable asset to the Company.

  • Quarterly Report to Shareholders for the period ended 30 September 2003

    Oct 31st 2003

    • The Company has now received the final results from a recent drilling program carried out on the Imagi Well and Byro Projects which cover the Byro Layered Intrusion located approximately 150 km east of Gascoyne Junction.
    • The Feasibility Study on the Panton Platinum Palladium Project was completed during the quarter and found that the project is technically sound but not commercially viable at the prevailing metal prices and US$ exchange rate.
    • The Company has been focusing on identifying and evaluating potential PGM projects in South Africa and is in discussion with a number of producers and other companies involved in developing PGM projects. 

  • Quarterly Report to Shareholders for the period ended 30 June 2003

    Jul 31st 2003

    • Panton Platinum Palladium Project
    • Bankable Feasibility Study

  • Quarterly Report to Shareholders for the period ended 31 March 2003

    Apr 30th 2003

    • Platinum Australia Limited completed pilot plant testwork on the Calcine-Leach-Metals Recovery Process during the quarter. Preliminary results from this pilot plant which was run continuously over a 24 day period indicate a recovery of over 90% for Platinum + Palladium + Gold was achieved. This equates to an overall recovery from plant feed of over 80% based on a flotation recovery of 88%.
    • The Panton Top Reef resource estimate was updated to incorporate the results the recent infill drilling program of six diamond holes which was completed in the previous quarter. As a result of this the average grade of the Top Reef Mineral Resource at the Panton Platinum Palladium Project was increased by 6% to 6.1 g/t PGM + Au.
    • Mr Allan Mulligan, Manager of Lonmin`s operations in Australia joined the Board of Directors of Platinum Australia Limited in March 2003.

  • Quarterly Report to Shareholders for the period ended 31 December 2002

    Jan 31st 2003

    • Platinum Australia Limited ("PLA") completed a 4 for 25 Renounceable Rights Issue at 32 cents during the quarter which raised approximately $3 million. The Rights Issue was fully underwritten by Lonmin.
    • Mr Geoff Fenner, Executive Director of Lonmin Platinum joined the Board of Directors of Platinum Australia Limited in December 2002.
    • A second pilot plant test program to treat approximately 100 tonnes of high grade ore from the exploration decline was completed during the quarter. The results achieved were consistent with those from previous testwork and the concentrate generated from the work will be used to run a planned Calcine-Leach-Metals Recovery pilot plant.
    • Laboratory scale precipitation testwork on leach solutions has shown that over 95% and up to 99% recovery of Platinum, Palladium, Gold and Base Metals can be achieved.

  • Quarterly Report to Shareholders for the period ended 30 September 2002

    Oct 31st 2002

    • Platinum Australia Limited ("PLA") announced during the quarter that Lonmin Plc will fully underwrite a 4 for 25 Renounceable Rights Issue at 32 cents intended to raise approximately $3 million.
    • PLA and Lonmin Plc signed a Technical Services Agreement ("TSA") for the provision of technical support by Lonmin for the Panton Project. The TSA includes a provision for Lonmin to spend up to $600,000 on further developing the new metallurgical process.
    • Underground mining of a second bulk sample of 150 tonnes of high grade Top Reef from the exploration decline at Panton was completed during the quarter.
    • Pilot plant testing of the second underground bulk sample commenced at Mintek in South Africa during the quarter. The work will be completed early in the next quarter.
    • Laboratory scale precipitation testwork on leach solutions achieved recoveries of up to 99% for Platinum Palladium, Cobalt and Copper and 94% for Nickel.

  • Quarterly Report to Shareholders for the period ended 30 June 2002

    Jul 31st 2002

    • Underground mining of a second bulk sample of 100 tonnes of high grade Top Reef from the exploration decline at Panton commenced during the quarter. This will allow further flotation pilot plant test to be carried out at Mintek in South Africa and provide additional material for pilot testing of the PLA Calcine-Leach Recovery Process.
    • Pilot plant testing of open cut and underground material completed at Mintek in South Africa during the quarter. Results are consistent with those achieved in the laboratory scale tests.

    • Quarterly Report to Shareholders for the period ended 31 March 2002

      Apr 30th 2002

      • The mineral resource at the Panton Project has increased 33% from 3.4 million ounces to 4.5 million ounces Platinum Group Metals* & Gold (PGM+Au). The new resource includes 2 million ounces PGM + Au (10.6 million tonnes at an average grade of 5.8 g/t PGM + Au) contained in the high grade Top Reef.
      • Underground mining of high grade Top Reef from the exploration decline successfully completed at Panton. A bulk sample of 250 tonnes of this material is now in South Africa ready to commence pilot plant testing.
      • Pilot plant testing of material from a 170 tonne bulk sample of near surface open cut Top Reef is underway in South Africa and results are expected in the coming quarter.
      • Metallurgical test work being undertaken on the Panton Project has identified a new process capable of producing a high grade PGM concentrate suitable for feed direct to a refinery. The process, currently under patent application, is undergoing further development and optimization and is expected to significantly improve the economics of the project.

    • Quarterly Report to Shareholders for the period ended 31 December 2001

      Dec 31st 2001

      • An interim mineral resource, issued on 22 November 2001, increased the Panton Project resource from 2.2 million ounces of Pt+Pd+Au to 3.4 million ounces PGM + Au.
      • Underground mining of high grade Top Reef started at the Panton Project, after accessing the ore some 80 metres below surface via a 300 m long exploration decline. A 250 tonne bulk sample to be used in pilot-scale metallurgical testwork was mined for shipment to South
      • A 170 tonne bulk sample of near surface open cut Top Reef mined and shipped to South Africa for pilot scale metallurgical testing commencing in February.
      • The resource definition drilling program at the Panton Project was completed in December 2001, with a total of almost 40,000 metres of RC and diamond drilling completed since May. Drilling results will be used in a new resource estimate to be completed by Snowden Mining Industry Consultants.
      • The recent drilling identified an area where the Top Reef is twinned, with two parallel reefs of similar thickness and grade occurring approximately 3 metres apart. The twinning extends over a strike length of approximately 500 metres and depth of over 500 metres

    • Quarterly Report to Shareholders for the period ended 30 September 2001

      Sep 31st 2001

      • Resource definition drilling for the Bankable Feasibility Study extends the strike length of the known mineralisation by over 1,000 metres at the Panton Platinum Palladium Project.
      • Drilling identifies a new type of disseminated low grade PGM-nickel-copper-cobalt mineralisation over a width of 200 metres; strike length of 2,000 metres and to a depth in excess of 150 metres.
      • Lonmin Plc, a major platinum producer, subscribes $12,001,600, at 52 cents per share, for 23,080,000 shares in Platinum Australia Limited after approval by shareholders.
      • Mr Chris Davies, Group Technical Director of Lonmin Plc and Mr Albert Jamieson, Executive: Business Development of Lonmin Management Services join the Board of Directors of Platinum Australia Limited.

    • Quarterly Report to Shareholders for the period ended 30 June 2001

      Jun 30th 2001

      • The Pre Feasibility Study on the Panton Platinum-Palladium Project finds that the project is financially and technically viable.
      • Lonmin Plc to invest up to $52 million in Platinum Australia Limited
      • A Bankable Feasibility Study started.
      • Drilling underway to extend the strike length of the resource by a further 1,500 metres to 4,600 metres.
      • Surface mapping identifies several kilometres of additional chromitite outcrop including new chromitite reef to the east of the "A" reef in the A sub block.
      • Drilling of the Northern Anomaly under way with intial results due in the coming month.

    • Quarterly Report to Shareholders for the period ended 31 March 2001

      Mar 31st 2001

      • Panton Platinum-Palladium Project Resource Increased to 2.2 Million Ounces PGE + Au.
      • Site work in progress to drill a further 1500 metres of strike length of the 12 kilometres of chromitites at the Panton Project. The drilling is designed to further increase resources.
      • Investigation of the PGE + Nickel + Copper anomaly to the north of the known resource commences at the Panton Project.
      • Encouraging metallurgical test results from both high grade and low grade material.

    • Quarterly Report to Shareholders for the period ended 31 December 2000

      Dec 31st 2000

      • Platinum Australia Limited listed on the Australian stock Exchange Limited on 6th October, 2000.
      • 5,500 metre shallow drilling programme on the Panton Project completed on 25th January, 2001.
      • Drilling confirms substantial mineralisation in the shallow zone above the known resource.
      • Feasibility study on the Panton Project commenced in December, 2000.
      • Platinum and palladium prices continue to rise during the quarter.

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    Share Prices

    ASX: PLA

    $2.060

    Volume: 636187

    AIM: PLAA

    96.00p

    Volume: 142859

    Metal Prices $USD

    Platinum

    $1354.00


    Palladium

    $269.00


    Rhodium

    $4700.00


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    Platinum Australia Limited

    Platinum Australia Limited

    is committed to growth and the enhancement of shareholder value through the discovery and development of Platinum Group Metal (PGM) Projects in Australia and Overseas. Platinum Australia Limited (PLA) is a public listed company incorporated in Australia.