Chinalco withdraws interest in Owendale – Platina

January 12, 2016

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ASX-listed Platina Resources on Wednesday told shareholders that its plans to fast-track the development of the Owendale scandium and platinum deposit, in New South Wales, remained on track, despite Chinese major Chinalco Resources Corporation withdrawing its interest.

In September, Chinalco entered into a due diligence investigation and general negotiations with Platina, regarding its possible involvement in the development of Owendale.