Artemis Resources Limited — Capital/Financing Update 2021

Jul 4, 2021

ASX Announcement

5 July 2021

Plan to unlock project value now drilling completed at the Munni Munni Project

Pla�na Resources Limited’s (ASX: PGM) Project in Western Australia a�er significant grades of palladium were returned in recent drilling by its partner Artemis Resources Limited (ASX:ARV: Artemis).

Pla�na Managing Director Mr Corey Nolan said drill results reported today in an ASX release by Artemis[1] confirm the project’s poten�al to host of one of Australia’s largest undeveloped palladium deposits and endowments of pla�num, gold and rhodium.

enhanced the number of op�ons available to create value from the project,” Mr Nolan said.

“A formal joint venture has now also been executed with Artemis and we are now working very construc�vely to iden�fy how we best extract the most value from the project for our shareholders without losing focus on our respec�ve core assets”.

dedicated funding and technical management to drive it forward given the scale of the project footprint” he said.

The Munni Munni Reverse Circula�on (RC) drilling program comprised 15 drill holes for 2,740 metres spread through the en�re upper por�on of the mineralisa�on, to a maximum depth of 250 metres:

• 9m @ 1.67g/t 2PGE + Au (1.04g/t Pd, 0.54g/t Pt, 0.09g/t Au) from 117m, 21MMRC002;

• 5m @ 2.34g/t 2PGE + Au (1.2g/t Pd, 0.886g/t Pt, 0.25g/t Au) from 108m, 21MMRC003;

• 3m @ 2.61g/t1 2PGE + Au (1.23g/t Pd, 1.11g/t Pt, 0.27g/t Au) from 81m, 21MMRC004;

• 7m @ 2.20g/t 2PGE + Au (1.46g/t Pd, 0.67 g/t Pt, 0.07g/t Au) from 124m, 21MMRC005;

• 7m @ 2.35g/t 2PGE + Au (1.33g/t Pd, 0.84 g/t Pt, 0.18g/t Au), from 96m, 21MMRC006;

• 4m @ 2.45g/t 2PGE + Au (1.31g/t Pd, 0.85g/t Pt, 0.29g/t Au) from 60m, 21MMRC007;

• 5m @ 2.35g/t 2PGE + Au (1.36g/t Pd, 0.68g/t Pt, 0.31g/t Au) from 75m, 21MMRC008;

• 4m @ 2.87g/t 2PGE + Au (1.76g/t Pd, 0.89g/t Pt, 0.22g/t Au) from 115m, 2MMRC010;

• 3m @ 2.06g/t 2PGE + Au (1.18g/t Pd, 0.69g/t Pt, 0.19g/t Au) from 142m, 21MMRC011

• 5m @ 1.92g/t 2PGE + Au (1.2g/t Pd, 0.52g/t Pt, 0.2g/t Au) from 89m, from 89m, 21MMRC012

• 4m @ 1.69g/t 2PGE + Au (0.98g/t Pd, 0.58g/t Pt, 0.13g/t Au) from 104m, 21MMRC013.

1 See Artemis ASX release dated 5 July 2021 - Munni Munni RC drill results and formation of Formal Joint Venture with Platina Resources Limited

Going for gold.

Level 2, Suite 9, 389 Oxford Street Mt Hawthorn Western Australia 6016 Phone +61 (0)7 5580 9094 Email: admin@platinaresources.com.au www.platinaresources.com.au

Platina Resources Limited | ABN 25 119 007 939 | ASX: PGM

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Pla�na controls a 30% interest in the Munni Munni Project while partner Artemis controls the remaining 70% and is operator.

This announcement was authorised by Mr Corey Nolan, Managing Director of Pla�na Resources Limited.

For more informa�on:

Corey Nolan Gareth Quinn Managing Director Corporate Affairs Manager Phone +61 (0)7 5580 9094 Mobile: 0417 711 108 admin@pla�naresources.com.au gareth@republicpr.com.au

ABOUT PLATINA RESOURCES

Pla�na is an Australian-based company focused on returning shareholder value by advancing early-stage metals projects through explora�on, feasibility, permi�ng 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;

• Australia, 500km north-east of Perth.

• Pla�na 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 poten�al to become Australia’s first scandium producer with cobalt, pla�num and nickel credits.

• Munni Munni (30% interest) – Situated in the Pilbara region of Western Australia, the project is one of Australia’s most significant Pla�num Group Metal occurrences. Munni Munni also has poten�al for conglomerate hosted gold and is a joint venture with Artemis Resources Limited.

• Investment in Blue Moon Zinc Corpora�on (6 million shares in TSXV listed MOON) – the Blue Moon Zinc Project has a NI43101 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 explora�on 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.

For more informa�on please see: www.pla�naresources.com.au

REFERENCES TO PREVIOUS ASX RELEASES

The informa�on in this report that relates to Explora�on Results were reported by Artemis Resources Limited (ASX: ARV) in compliance with the 2012 Edi�on of the JORC Australasian Code for Repor�ng of Explora�on Results, Mineral Resources and Ore Reserves in market releases dated as follows:

• Munni Munni RC drill results and forma�on of Formal Joint Venture with Pla�na Resources Limited, 5 July 20201

market announcements referred above and further confirms that all material assump�ons underpinning the explora�on results contained in those market releases con�nue to apply and have not materially changed.

DISCLAIMER

Statements regarding Pla�na Resources’ plans with respect to its mineral proper�es are forward-looking statements. There can be no assurance that Pla�na Resources’ plans for development of its mineral proper�es will proceed as currently expected. There can also be no assurance that Pla�na Resources will be able to confirm the presence of addi�onal mineral deposits, that any mineralisa�on will prove to be economic or that a mine will successfully be developed on any of Pla�na Resources’ mineral proper�es.

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