SKAERGAARD PROJECT

ABOUT The Skaergaard Project

The Skaergaard Project is comprised of two exploration licences and contains a significant historical resource estimate of gold and platinum group metals (PGMs) dominated by palladium, importantly, outside of the major PGM producing areas of South Africa and Russia. This historical estimate is predominantly in the Inferred resource category. The Project is located in the Kangerlussuaq region of eastern Greenland within the Skaergaard intrusion, which is a layered mafic igneous complex containing stratiform PGMs including palladium (Pd) and platinum (Pt), and gold and iron titanium oxide mineralization associated with base metal sulphides (PGM-bearing reef complex). Platina has historically invested more than $16 million into the exploration and development of the Skaergaard Project including drilling, metallurgical testing, resource estimation, and technical studies. This includes the completion of 68 drill holes and 35,000 metres of diamond drilling, a historical resource estimate completed in July 2013 and reported in accordance with the Australasian Joint Ore Reserves Committee Code (“JORC Code”), and a Scoping Study completed on the project in November 2019