Plastics Capital Share Discussion Threads

[Abuse team] 18/9/2006 03:04

Post removed by ADVFN

[Abuse team] 12/9/2006 12:21

Post removed by ADVFN

[justjules] 11/9/2006 07:57

New Order Right Kalahari

RNS Number:7373I
Platinum Australia Limited
11 September 2006


ASX Release



11 September 2006







NEW ORDER RIGHT ISSUED FOR KALAHARI PLATINUM PROJECT



Platinum Australia Limited (ASX:PLA) (AIM:PLAA) is pleased to announce that a
New Order Prospecting Right has been issued for the company's Kalahari Platinum
("Kalplats") Project. The issue of the Right allows PLA to immediately commence
site works and drilling on the project. PLA is earning a 49% interest in the
Kalplats Project from African Rainbow Minerals Platinum (Proprietary) Limited
("ARMplats") by completing a Pre Feasibility ("PFS") and Bankable Feasibility
Study ("BFS").


The Company already has one drill rig working on site and expects to mobilise a
second rig in the near future. PLA plans to undertake a drilling program of
approximately 45,000 metres over the next 12 months and expects to mobilise
further rigs to allow the program to be completed within this time frame.


PLA Managing Director John Lewins said: "The issue of this Prospecting Right
marks the commencement of an exciting phase in the project as we will
immediately commence our drilling program with a drill rig which is already on
site. We plan to gradually build up to having four rigs on site as these become
available, enabling us to complete our planned program of 45,000 metres required
for the Pre and Bankable Feasibility Studies."


"We anticipate completing the first 20,000 metres of drilling by early 2007
allowing us to prepare an updated resource by March 2007 as part of our PFS. The
balance of 25,000 metres will then be drilled to further define and update the
resource as part of the BFS due for completion by the end of 2007."


PLA has appointed GRD Minproc as the Lead Engineer for the Kalplats Project and
expects to appoint further consultants in the coming month. An initial program
of metallurgical testwork has already been undertaken with results indicating
that a recovery of 80% can be achieved into a saleable PGM concentrate.


PLA believes that the existing resource will support the development of an open
cut project producing 200,000 oz 3E PGM (platinum + palladium + gold) per annum.
Further success from the drilling program could increase this to 300,000 oz 3E
PGM per annum, making it a truly world class deposit.



Kalplats PGM Project


The Kalplats PGM Project is located 330km west of Johannesburg and has an
established resource of 3.4 million ounces 3E PGM (platinum + palladium + gold),
including a high grade resource of 1.4 million ounces 3E PGM at a grade of 3.6
g/t 3E PGM in seven identified deposits to an average depth of approximately 150
metres below surface. PLA believes that there is significant potential to
increase the size of this resource as all deposits appear to be open at depth
and along strike. In addition a number of other targets have been identified
from geochemical survey work and a high resolution aeromagnetic survey completed
by PLA.


Under the Kalplats Joint Venture Agreement, PLA is earning up to 49% of the
Kalplats Project from ARMplats by completing a Bankable Feasibility Study
including further drilling and providing the right for the project to use the
Panton metallurgical process ("Panton Process").


PLA and ("ARMplats") have also applied for a prospecting right covering an area
approximately 20 kilometres to the north and 18 kilometres to the south of their
South African Kalahari Platinum Project ("Kalplats") area, increasing the total
strike length held by the parties to almost 50 kilometres; see Figure 1.


PLA and ARMplats will each have a 50 percent contributing interest in the new
area and PLA will manage the exploration program which will target extensions of
the known Kalplats style of Platinum Group Metal ("PGM") mineralisation.



Qualification Statement


We confirm that the exploration results and resources contained in this report
are based on information compiled by Tony Greenaway, Geology & Resources Manager
of Platinum Australia Limited, who is a member of The Australasian Institute of
Mining and Metallurgy.


Tony Greenaway has more than five years experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking, to qualify as a competent person as defined in
the 2004 edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves'. Tony Greenaway consents to the inclusion
in the report of the matters based on his information in the form and context in
which it appears.


Yours faithfully
PLATINUM AUSTRALIA LIMITED
JOHN D LEWINS
Managing Director

[justjules] 11/9/2006 07:56

ASX Release



11 September 2006





NEW ORDER RIGHT CESSION FOR SMOKEY HILLS PGM PROJECT


Platinum Australia Limited (ASX:PLA) (AIM:PLAA) is pleased to announce that it
has been granted a cession transferring the New Order Prospecting Right covering
the Smokey Hills Project to PhokaThaba Platinum (Pty) Ltd ("PhokaThaba"), the
Joint Venture company in which PLA has an 80% interest.


Commenting on the news, PLA Managing Director John Lewins said: "The issue of
the cession transfers the Prospecting Right from our Joint Venture partner,
Corridor Mining Resources, to our joint venture company, PhokaThaba. This is
important as it allows PLA to submit the application for the Mining Right in the
name of PhokaThaba, the company in which we have an 80% controlling interest."


"We have commenced preliminary engineering work on the project to enable us to
order long lead items, such as the mills, to ensure the project is developed as
quickly as possible following the issue of the Mining Right. We are hopeful of
obtaining the Mining Right in late 2006 or early 2007 at which point we would
commence mining and toll treatment of ore while we undertake construction of the
treatment plant. We would expect to commence commissioning of the treatment
plant and commence production of concentrates in late 2007."


PLA is currently in discussions with a number of banks regarding the funding of
the Project and expects to issue a mandate in the near future. Following a share
placement in May of this year which raised $21 million, the Company has some $25
million in cash, sufficient to provide its share of equity funding for the
Smokey Hills Project and to fund the Pre and Bankable Feasibility Study on the
Kalplats Project.



Smokey Hills PGM Project


The Smokey Hills PGM Project is located on the eastern limb of the Bushveld
Complex in the Limpopo Province, 300 kilometres north of Johannesburg.


PLA has signed a formal Sale Agreement with Smokey Hills Platinum (Pty) Ltd ("
SHP") to acquire up to 80% of the Project through the staged acquisition of 100%
of SHP. PLA acquires an initial 74% interest in SHP by providing $3.4 million
for SHP to fund the purchase of an 80% interest in the Project. The balance of
26% in SHP will be acquired for 15 million fully paid shares in PLA. The balance
of the Project is held 5% by the local community and 15% by Corridor Mining
Resources, a Company owned by the Limpopo Provincial Government.


PLA commenced a resource definition drilling program on the project in July 2005
and a Bankable Feasibility Study with GRD Minproc as the Lead Engineer in
October 2005.


The Company has recently completed a Bankable Feasibility Study on the project,
the key results of which were as follows:


* The Project would deliver a return of 74% on the Base Case and 670%
at Average July Prices;

* The Project would achieve a pre tax NPV10 of US$60 Million on the
Base Case and US$230 Million at Average July Prices;

* The Project would generate a cash flow (undiscounted) of US$139
Million on the Base Case and US$396 Million at Average July Prices;

* Initial Capital Cost of the Project would be US$40.5 Million;

* Cash Operating Cost of US$226/oz 4E PGM (platinum + palladium +
rhodium + gold) produced (net of base metal credits);

* The Project has a JORC compliant reserve of 763,000 oz 4E PGM and
would produce an average of 95,000 oz 4E PGM per annum over a 7 year
life.


The BFS envisages commencing operations initially as an open cut and then
progressing to an underground mine. During the initial phase while the plant is
under construction PLA proposes to mine ore for toll treatment through a nearby
plant to generate early cash flow. This phase would last for approximately 12
months after which ore would be treated through the on-site plant producing a
flotation concentrate for sale to any one of a number of smelters in South
Africa, the nearest of which is less than 100 kilometres distant.


Qualification Statement


We confirm that the exploration results and resources contained in this report
are based on information compiled by Tony Greenaway, Geology & Resources Manager
of Platinum Australia Limited, who is a member of The Australasian Institute of
Mining and Metallurgy.


Tony Greenaway has more than five years experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking, to qualify as a competent person as defined in
the 2004 edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves'. Tony Greenaway consents to the inclusion
in the report of the matters based on his information in the form and context in
which it appears.



Yours faithfully
PLATINUM AUSTRALIA LIMITED
JOHN D LEWINS
Managing Director

Ref: ASX0675JDL
Media Enquiries:
Sarah Allchurch
Allchurch Communications
P: [phone]
M: 0412 346 412

Media Enquiries:
Ron Marshman / John Greenhalgh
City of London Public Relations
P: [phone]

Further Comments:
Mr John Lewins
Managing Director
Platinum Australia Limited
P: [phone]
M: 0419 910 061


This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCAKDKDPBKKACD





Platinum Aus(PLAA)
Click for Financials
Name Symbol Market Type ISIN Description
Platinum Aus LSE:PLAA London Stock Exchange Equity AU000000PLA8 ORD NPV




Sector Turnover (m) Profit (m) EPS - Basic PE ratio Mkt Cap (m) NMS
PLATINUM & PRECIOUS METALS 0.0 0.0 0.0 0.0 58.7 2000

[tonerona] 05/9/2006 11:58

Are permits expected to be a formality for Smokey hills?
Looking to add to what is already my largest holding but as with another of my holdings ACU permits seem to be a problem in Africa at present.

[Abuse team] 05/9/2006 11:03

Post removed by ADVFN

[justjules] 04/9/2006 08:45

seagreen:-)

[seagreen] 03/9/2006 14:14

JJ

he's trying to get some cheap you can just tell by his tone of voice...8-)

Wheare are the new Calpex licences Ash...companys should go to 80p then!

C

[Abuse team] 03/9/2006 04:24

Post removed by ADVFN

[Abuse team] 02/9/2006 20:48

Post removed by ADVFN

[mr ashley james] 25/8/2006 20:47

Depends on Panton JV with Sally Malay Limited ASX:SMY

It really does not bother me if you have sold this share BTW I am happy that you have, move on!

[gsands] 25/8/2006 19:15

The first one. When will this company have something to sell in other words?

[Abuse team] 25/8/2006 19:14

Post removed by ADVFN

[gsands] 25/8/2006 19:12

Ash,

When is this mine likely to go into production?

[mr ashley james] 25/8/2006 17:42

Platinum Australia L Platinum Australia confirms Smokey Hill site is 'extremely attractive'
LONDON (AFX) - AIM-listed Platinum Australia Ltd confirmed that, following
final results from a bankable feasibility study, its Smokey Hills project in
South Africa is "extremely attractive and very robust".
The study showed the mine will be "able to generate returns of over 70 pct
on the base case assumptions and in excess of 600 pct using July 2006 metal
prices and exchange rate", Platinum Australia noted.
The mine is set to produce an average of 95,000 ounces of 4E platinum group
metals (platinum, palladium, rhodium and gold) a year over its seven-year life,
at a cost of 226 usd per ounce, the final results showed.
Preliminary results released in July gave a slightly higher production
volume but also a marginally higher cost per ounce.
The initial capital cost of the project is around 40 mln usd, Platinum
Australia noted.
[e-mail]
abr

COPYRIGHT

Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited

[mr ashley james] 24/8/2006 16:16

Jules LOL! Did you see my cryptics on Day Trader Fred(;-)0

[justjules] 24/8/2006 15:49

Ash glad you think its worth repeating the post:-)

C'mon Kalplats.. time for some rocket fuel:-)

[mr ashley james] 24/8/2006 15:40

Platinum Australia Smokey Hills Update
RNS Number:0579I
Platinum Australia Limited
24 August 2006



ASX Release


24 August 2006


GREEN LIGHT FROM SMOKEY HILLS PGM PROJECT FEASIBILITY STUDY


Platinum Australia Limited (ASX:PLA) (AIM:PLAA) is pleased to announce the final
results from the Smokey Hills Project Bankable Feasibility Study ("BFS") have
shown the project to be extremely attractive and very robust and able to
generate returns of over 70% on the Base Case assumptions and in excess of 600%
using July 2006 metal prices and exchange rate.


The key results from the study are as follows:-


- The Project would deliver a return of 74% on the Base Case and 670% at
Average July Prices;

- The Project would achieve a pre tax NPV10 of US$60 Million on the Base Case
and US$230 Million at Average July Prices;

- The Project would generate a cash flow (undiscounted) of US$139 Million on
the Base Case and US$396 Million at Average July Prices;

- Initial Capital Cost of the Project would be US$40.5 Million;

- Cash Operating Cost of US$226/oz 4E PGM (platinum + palladium + rhodium +
gold) produced (net of base metal credits);

- The Project has a JORC compliant reserves of 763,000 oz 4E PGM and would
produce an average of 95,000 oz 4E PGM per annum over an 7 year life.


PLA Managing Director John Lewins said: "The final results of the Smokey Hills
Bankable Feasibility Study are obviously extremely pleasing and show that the
project is extremely robust and would generate cash flows of almost US$400
million at July average prices and US$140 million on our conservative Base Case
assumptions. The study shows the project has a low capital cost of around US$40
million with a further US$14 million sustaining or deferred capital required
over the life of the operation which provides for ease of financing. The shallow
nature of the deposit results in a low operating cost with production costs of
less than US$230 per oz 4E PGM, providing for a high margin operation".


"We are well advanced in the arrangements for the debt portion of funding for
the project and with the applications for various permits necessary to commence
operations. PLA has in excess of AUS$25 million in cash and therefore has the
necessary funds to provide the equity required to develop the project."


A full summary of the results are provided in Table 1 below and the underlying
assumption relating to metal prices and exchange rates are provided in Table 2.
The final results are largely consistent with the preliminary results previously
released and improvements in the IRR and NPV are due to an increase in the Base
Case assumption of rhodium price from US$1,000 in the preliminary figures to
US$1,500 in the final figures. This change was made on the basis of currently
available projections of metal prices obtained from various industry sources.


GRD Minproc (Pty) Ltd are the Lead Engineers for the BFS, while Snowden are
responsible for the Resource Estimate and Mining Study, SRK Consulting for
Tailings and Hydro-geological studies and Africa Geo-Environmental Services for
the Environmental Study.


Table 1 Summary of Results from Smokey Hills BFS


Base Case Ave July Prices

Production 4E PGM 95,000 oz/annum
Plant Recovery 85%
Project Life 7 years

Cash Costs 4E PGM US$226/oz US$226/oz

Basket Price 4E PGM US$677/oz US$1,117/oz

Capital Cost
Initial US$ $40.5 Million $40 Million
Deferred US$ $14 Million $14 Million

NPV
10% US$ $79 Million $249 Million
15% US$ $60 Million $202 Million

IRR 74% 672%
Cashflow US$ $139 Million $396 Million
Payback months 20 months 3 months

Table 2 Metal Price and Exchange Rate Assumptions


Table 2 Rand/US Dollar Exchange Rates and Metal Prices

July Average Base Case

Exchange Rate ZAR/US$ 7.08 7.0

Metal Prices US$ ZAR US$ ZAR
Platinum Per oz 1,232 8,723 900 6,300
Palladium Per oz 321 2,273 300 2,100
Rhodium Per oz 4,622 32,724 1,500* 10,500*
Gold Per oz 633 4,482 450 3,150
Iridium Per oz 400 2,832 100 700
Ruthenium Per oz 172 1,218 250 1,750
Nickel Per tonne 26,500 187,620 10,000 70,000

Basket Price Per oz 1,117 7,906 677 4,736


* The Base Case Rhodium Price has been increased from US$1,000 used in the
preliminary figures to US$1,500 in the final figures as a result of review of
projected metal prices obtained from various industry sources.


Smokey Hills PGM Project



The Smokey Hills PGM Project is located on the eastern limb of the Bushveld
Complex in the Limpopo Province, 300 kilometres north of Johannesburg.



PLA has signed a formal Sale Agreement with Smokey Hills Platinum (Pty) Ltd ("
SHP") to acquire up to 80% of the Project through the staged acquisition of 100%
of SHP. PLA acquires an initial 74% interest in SHP by providing $3.4 million
for SHP to fund the purchase of an 80% interest in the Project. The balance of
26% in SHP will be acquired for 15 million fully paid shares in PLA. The balance
of the Project is held 5% by the local community and 15% by Corridor Mining
Resources, a Company owned by the Limpopo Provincial Government.



PLA commenced a resource definition drilling program on the project in July 2005
and a Bankable Feasibility Study with GRD Minproc as the Lead Engineer in
October 2005.



The Company envisages commencing operations at Smokey Hills initially as an open
cut and then progressing to an underground mine. During the initial phase while
the plant is under construction PLA proposes to mine ore for toll treatment
through a nearby plant to generate early cash flow. This phase would last for
approximately 12 months after which ore would be treated through the on-site
plant producing a flotation concentrate for sale to any one of a number of
smelters in South Africa, the nearest of which is less than 100 kilometres
distant.



Dependent on the issuing of the necessary permits PLA proposes to commence
construction and mining operations in the December 2006 quarter or in early 2007
with plant commissioning occurring in December 2007.


Qualification Statement



We confirm that the exploration results and resources contained in this report
are based on information compiled by Tony Greenaway, Geology & Resources Manager
of Platinum Australia Limited, who is a member of The Australasian Institute of
Mining and Metallurgy.



Tony Greenaway has more than five years experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking, to qualify as a competent person as defined in
the 2004 edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves'. Tony Greenaway consents to the inclusion
in the report of the matters based on his information in the form and context in
which it appears.


Yours faithfully

PLATINUM AUSTRALIA LIMITED

JOHN D LEWINS

Managing Director



Media Enquiries:

Sarah Allchurch

Allchurch Communications

P: [phone]

M: 0412 346 412
Media Enquiries:

Ron Marshman / John Greenhalgh

City of London Public Relations

P: [phone]



Further Comments:

Mr John Lewins

Managing Director

Platinum Australia Limited

P: [phone]

M: 0419 910 061



This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCZGGZRGDGGVZM

[justjules] 24/8/2006 11:27

Ash, hopefully Kalplats will be even more bullish



Smokey Hills Update

RNS Number:0579I
Platinum Australia Limited
24 August 2006



ASX Release


24 August 2006


GREEN LIGHT FROM SMOKEY HILLS PGM PROJECT FEASIBILITY STUDY


Platinum Australia Limited (ASX:PLA) (AIM:PLAA) is pleased to announce the final
results from the Smokey Hills Project Bankable Feasibility Study ("BFS") have
shown the project to be extremely attractive and very robust and able to
generate returns of over 70% on the Base Case assumptions and in excess of 600%
using July 2006 metal prices and exchange rate.


The key results from the study are as follows:-


- The Project would deliver a return of 74% on the Base Case and 670% at
Average July Prices;

- The Project would achieve a pre tax NPV10 of US$60 Million on the Base Case
and US$230 Million at Average July Prices;

- The Project would generate a cash flow (undiscounted) of US$139 Million on
the Base Case and US$396 Million at Average July Prices;

- Initial Capital Cost of the Project would be US$40.5 Million;

- Cash Operating Cost of US$226/oz 4E PGM (platinum + palladium + rhodium +
gold) produced (net of base metal credits);

- The Project has a JORC compliant reserves of 763,000 oz 4E PGM and would
produce an average of 95,000 oz 4E PGM per annum over an 7 year life.


PLA Managing Director John Lewins said: "The final results of the Smokey Hills
Bankable Feasibility Study are obviously extremely pleasing and show that the
project is extremely robust and would generate cash flows of almost US$400
million at July average prices and US$140 million on our conservative Base Case
assumptions. The study shows the project has a low capital cost of around US$40
million with a further US$14 million sustaining or deferred capital required
over the life of the operation which provides for ease of financing. The shallow
nature of the deposit results in a low operating cost with production costs of
less than US$230 per oz 4E PGM, providing for a high margin operation".


"We are well advanced in the arrangements for the debt portion of funding for
the project and with the applications for various permits necessary to commence
operations. PLA has in excess of AUS$25 million in cash and therefore has the
necessary funds to provide the equity required to develop the project."


A full summary of the results are provided in Table 1 below and the underlying
assumption relating to metal prices and exchange rates are provided in Table 2.
The final results are largely consistent with the preliminary results previously
released and improvements in the IRR and NPV are due to an increase in the Base
Case assumption of rhodium price from US$1,000 in the preliminary figures to
US$1,500 in the final figures. This change was made on the basis of currently
available projections of metal prices obtained from various industry sources.


GRD Minproc (Pty) Ltd are the Lead Engineers for the BFS, while Snowden are
responsible for the Resource Estimate and Mining Study, SRK Consulting for
Tailings and Hydro-geological studies and Africa Geo-Environmental Services for
the Environmental Study.


Table 1 Summary of Results from Smokey Hills BFS


Base Case Ave July Prices

Production 4E PGM 95,000 oz/annum
Plant Recovery 85%
Project Life 7 years

Cash Costs 4E PGM US$226/oz US$226/oz

Basket Price 4E PGM US$677/oz US$1,117/oz

Capital Cost
Initial US$ $40.5 Million $40 Million
Deferred US$ $14 Million $14 Million

NPV
10% US$ $79 Million $249 Million
15% US$ $60 Million $202 Million

IRR 74% 672%
Cashflow US$ $139 Million $396 Million
Payback months 20 months 3 months

Table 2 Metal Price and Exchange Rate Assumptions


Table 2 Rand/US Dollar Exchange Rates and Metal Prices

July Average Base Case

Exchange Rate ZAR/US$ 7.08 7.0

Metal Prices US$ ZAR US$ ZAR
Platinum Per oz 1,232 8,723 900 6,300
Palladium Per oz 321 2,273 300 2,100
Rhodium Per oz 4,622 32,724 1,500* 10,500*
Gold Per oz 633 4,482 450 3,150
Iridium Per oz 400 2,832 100 700
Ruthenium Per oz 172 1,218 250 1,750
Nickel Per tonne 26,500 187,620 10,000 70,000

Basket Price Per oz 1,117 7,906 677 4,736


* The Base Case Rhodium Price has been increased from US$1,000 used in the
preliminary figures to US$1,500 in the final figures as a result of review of
projected metal prices obtained from various industry sources.


Smokey Hills PGM Project



The Smokey Hills PGM Project is located on the eastern limb of the Bushveld
Complex in the Limpopo Province, 300 kilometres north of Johannesburg.



PLA has signed a formal Sale Agreement with Smokey Hills Platinum (Pty) Ltd ("
SHP") to acquire up to 80% of the Project through the staged acquisition of 100%
of SHP. PLA acquires an initial 74% interest in SHP by providing $3.4 million
for SHP to fund the purchase of an 80% interest in the Project. The balance of
26% in SHP will be acquired for 15 million fully paid shares in PLA. The balance
of the Project is held 5% by the local community and 15% by Corridor Mining
Resources, a Company owned by the Limpopo Provincial Government.



PLA commenced a resource definition drilling program on the project in July 2005
and a Bankable Feasibility Study with GRD Minproc as the Lead Engineer in
October 2005.



The Company envisages commencing operations at Smokey Hills initially as an open
cut and then progressing to an underground mine. During the initial phase while
the plant is under construction PLA proposes to mine ore for toll treatment
through a nearby plant to generate early cash flow. This phase would last for
approximately 12 months after which ore would be treated through the on-site
plant producing a flotation concentrate for sale to any one of a number of
smelters in South Africa, the nearest of which is less than 100 kilometres
distant.



Dependent on the issuing of the necessary permits PLA proposes to commence
construction and mining operations in the December 2006 quarter or in early 2007
with plant commissioning occurring in December 2007.


Qualification Statement



We confirm that the exploration results and resources contained in this report
are based on information compiled by Tony Greenaway, Geology & Resources Manager
of Platinum Australia Limited, who is a member of The Australasian Institute of
Mining and Metallurgy.



Tony Greenaway has more than five years experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking, to qualify as a competent person as defined in
the 2004 edition of the 'Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves'. Tony Greenaway consents to the inclusion
in the report of the matters based on his information in the form and context in
which it appears.


Yours faithfully

PLATINUM AUSTRALIA LIMITED

JOHN D LEWINS

Managing Director



Media Enquiries:

Sarah Allchurch

Allchurch Communications

P: [phone]

M: 0412 346 412
Media Enquiries:

Ron Marshman / John Greenhalgh

City of London Public Relations

P: [phone]



Further Comments:

Mr John Lewins

Managing Director

Platinum Australia Limited

P: [phone]

M: 0419 910 061



This information is provided by RNS
The company news service from the London Stock Exchange
END

[mr ashley james] 21/8/2006 22:35

Yikyak,

Back over a Dollar at AU$1.045, looks like AU$1.17 then AU$1.35 possibly short term.

Platinum and Palladium Futures appear to be turning Bullish again.

Inverted Head and shoulders suggest AU$1.49?

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 17/8/2006 02:52

Yikyak, still no news on Kalplats!

Fed up.

Cheers

Ash:)

[compoundup] 01/8/2006 10:55

As you say Ash, whichever way you look at this, a conservative view of Smokey Hills alone leaves the current share price looking cheap.

I can't seriously view the US$628 4EPGM basket price used for the base case in that report being realistic over the 7 year production cycle. It is the only figure that permits deriving a notional share price around current levels but that requires valuing Kalplats and Panton at zero. I don't think so. IMHO all 3 prospects are company-makers.

Edward

[mr ashley james] 01/8/2006 04:17

Jules,

I missed this on Friday

[mr ashley james] 13/7/2006 19:42

Just Jules,

per this ASX:PLA has 178,429,726 shares and 4,867,405 Options

Per www.xe.com ROE US$1.00=AU$1.32611



Meaning Current NPV Of Smokey Hills US$251,000,000=AU$332,853,610

ASX:PLA 80.00% Following BFS and issuing SHP 15,000,000 shares

Number in issue would increase to 178,429,726 plus 15,000,000=193,429,726 or 198,297,131 Fully Diluted including options.

I come to valuation of not less than AU$1.72 per share Smokey Hills alone (AU$1.68 Fully Diluted).

Still to come KALPLATS and Panton.

All IMHO, NAG, DYOR etc

Cheers

Ash:)