Plana Resources Limited's (ASX: PGM) diversified exploraon investments porolio, now valued at A$19.5 million, offers considerable exploraon upside through upcoming drill programs , the company announced today.
Plana Managing Director Mr Corey Nolan said Plana's investment strategy was in close alignment with its corporate strategy of targeng project opportunies at an early-stage and adding value through geophysics, drilling and feasibility and advancing towards development.
'Plana's Australian assets together with our exploraon investment porolio which covers gold, planum, and palladium, offers our shareholders exposure to a broad range of metals across a number of jurisdicons at different stages in the exploraon lifecycle,' Mr Nolan said.
'While our investments have shown healthy returns this year there's a strong pipeline of news flow ahead from current and planned drilling programs. 'Plana's strategy to slowly divest its investments over me to fund its gold exploraon acvies in Western Australia will enable the company to maintain a very ght share capital structure without dilung shareholders,' he said. Investment Porolio Overview Major Precious Metals Corp (CSE: SIZE, 49 million shares, value A$18.9 million) SIZE has completed a C$10 million capital raising to fund a planned 12,500m drilling program at the Skaergaard palladium, gold and planum deposit in Greenland.
The drilled is expected to commence in August and follows a significant upgrade to the NI 43-101 resource outlined in May this year and a record of over US$3,000 per ounce for Palladium in February. Skaergaard is one of the world's largest palladium deposits outside of South Africa and Russia. Blue Moon Mining (TSXV: MOON, 6 million shares, value A$0.32 million) MOON has recently completed a C$1.2 million capital raising and signed a contract for drilling its prospecve volcanogenic massive sulphide deposit in the United States.
MOON is looking to expand its exisng NI 43-101 resource which is rich in zinc, gold and silver. Drilling is expected to commence in August. Nelson Resources (ASX: NES, 6 million shares, value A$0.30 million) NES is currently compleng a A$2 million capital raising to connue funding its drilling programs on prospecve greenstone belts south east of Kalgoorlie in Western Australia. NES controls more than 1,700 square kilometres of ground prospecve for gold and nickel.
This announcement was authorised by Mr Corey Nolan, Managing Director of Plana Resources Limited.
Contact:
Tel: +61 (0)7 5580 9094
Email: admin@planaresources.com.au
ABOUT PLATINA RESOURCES
Plana is an Australian-based company focused on returning shareholder value by advancing early-stage metals projects through exploraon, feasibility, perming and into development.
The company has interests in the following projects: Xanadu Gold Project (100% interest) - located in the Ashburton Basin in Western Australia in close proximity to the Mt Olympus gold project, a mul-million ounce gold endowment; Challa Gold Project (100% interest) - Plana has acquired a 100% interest in the Challa Gold Project located in-between the prolific Mt Magnet and Sandstone gold districts in Western Australia, 500km north-east of Perth.
Plana Scandium Project (100%) - located in central New South Wales, the project is one of the largest and highest-grade scandium deposits in the world, which has the potenal to become Australia's first scandium producer with cobalt, planum and nickel credits.
Munni Munni (30% interest) - Situated in the Pilbara region of Western Australia, the project is one of Australia's most significant Planum Group Metal occurrences. Munni Munni also has potenal for conglomerate hosted gold and is a joint venture with Artemis Resources Limited.
Investment in Blue Moon Zinc Corporaon (6 million shares in TSXV listed MOON) - the Blue Moon Zinc Project has a NI43-101 resource which is open at depth and along strike and has favorable metallurgy.
Investment in Major Precious Metals (49 million shares in CSE listed SIZE) - Major is a Canadian junior mining and exploraon company whose flagship Skaergaard Project hosts one of the world's largest undeveloped gold deposits and one of the largest palladium resources outside of South Africa and Russia.
Statements regarding Plana Resources' plans with respect to its mineral properes are forward-looking statements. There can be no assurance that Plana Resources' plans for development of its mineral properes will proceed as currently expected. There can also be no assurance that Plana Resources will be able to confirm the presence of addional mineral deposits, that any mineralisaon will prove to be economic or that a mine will successfully be developed on any of Plana Resources' mineral properes or that Plana will achieve any of the valuaon increases shown by the peer group companies.
PLATINA RESOURCES LIMITED 
