WELCOME TO PROPHECY PLATINUM

Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) is a mineral exploration company focused on developing platinum group metals (PGM) and nickel sulphide projects.  Defining and driving the company, is its flagship Wellgreen PGM Nickel property in Canada’s Yukon Territory.    Prophecy’s further holdings include the Lynn Lake Nickel Copper project in Manitoba, the Las Aguilas Nickel PGM deposit in Argentina, as well as five prospective claims in Uruguay. In June 2011, Prophecy Platinum was spun off from Prophecy Coal (TSX: PCY).  Prophecy Coal currently owns 22.5 million shares (approx. 42%) of Prophecy Platinum.

Wellgreen PGM Nickel Resource

  Tonnes (t) PGM+Au (g/t) Ni (%) Cu (%)
Indicated 14 Million 2.25 0.69 0.62
Inferred 289 Million 1.18 0.38 0.35

Based on resource estimated at 0.4% NiEq cut-off

Metal Indicated Inferred
Nickel (Ni) 0.22 Billion lbs. 2.42 Billion lbs.
Copper (Cu) 0.20 Billion lbs. 2.23 Billion lbs.
Cobalt (Co) 15.77 Million lbs. 191.30 Million lbs.
Platinum (Pt) 0.46 Million oz. 4.93 Million oz.
Palladium (Pd) 0.34 Million oz. 3.91 Million oz.
Gold (Au) 0.24 Million oz. 2.14 Million oz.
PGM+Gold 1.04 Million oz. 10.97 Million oz.

Based on resource estimated at 0.4% NiEq cut-off, and 100% metals recoveries

Why Invest in Platinum and Palladium?

Among the most rare, valuable and sought after metals on Earth, the platinum group metals (PGM) family consists of six elements: platinum, palladium, rhodium, iridium, osmium and ruthenium. Along with gold and silver, PGMs are classified as precious metals, and share characteristics that make them particularly well-suited to industrial, medical and jewellery applications. Platinum and palladium are the most well-known of the PGMs, with platinum’s per ounce price historically exceeding that of gold.

Highly lustrous and of unsurpassed beauty, platinum and palladium are highly-prized by jewellery artisans and aficionados. This represents only a fraction of demand, however. Coupled with scarcity, it is the chemical properties of PGMs – high conductivity, high melting point, stability, inertness, catalytic properties – and the industrial uses that derive therefrom which primarily drives demand.

While the primary use of PGMs is within automobile catalytic converters, which dramatically reduce vehicle emissions, platinum and palladium are also becoming increasingly popular investment vehicles. Bullion coins are available from major mints, including Canada and the US, and platinum-based exchange traded funds have also emerged in recent years.

In spite of expanding demand and an historically low platinum/gold price ratio, annual production of platinum group metals is in decline. Today, production is approximately 20% that of gold, and a mere 4% that of silver. Of current global supply, approximately 90% originates from South Africa, Russia and Zimbabwe. Rich in PGMs, along with Nickel and Copper, Wellgreen is conveniently located in Canada’s mining-friendly Yukon Territory and sits just 15km by road from the Alaska Highway.

COMPANY UPDATES

  • Frontier
    October 18, 2011

    John Lee, CEO and Chairman of Prophecy Coal, explains he's bullish on platinum on CNBC Squawk Box Asia.
    Watch it here >>

Industry Articles

April 23rd, 2012

"The Fundamentals of Expected Deficit in Palladium Market" by Leo Liu. Read more »

December 26th, 2011

"Platinum: Fire Sale on the Rich Man's Gold. What Makes Platinum Precious Enough to be Called Rich Man's Gold." by John Lee.
Read more »


LATEST NEWS

May 10, 2012

Prophecy Platinum Announces Successful Metallurgical Recovery Results of up to 88% Copper and 73% Nickel from Wellgreen Project Prophecy Platinum is pleased to announce the results of its preliminary metallurgical tests for its Wellgreen Ni-Cu-PGE project, located in the southwest of Canada's Yukon Territory. Read more »

April 16, 2012

Prophecy Platinum and Ursa Major Minerals Sign Definitive Agreement, Ursa Shareholder Meeting Set for May 30 Prophecy Platinum Corp. and Ursa Major Minerals are pleased to announce that they have signed a definitive agreement. Read more »

March 9, 2012

Prophecy Platinum Acquires Shares of Ursa Major Minerals Prophecy Platinum Corp. issues this press release pursuant to National Instrument 62-103 with respect to Ursa Major Minerals Incorporated. Read more »

March 2, 2012

Prophecy Platinum and Ursa Major Minerals Sign Business Combination Agreement Prophecy Platinum Corp. and Ursa Major Minerals are pleased to announce that they have entered into a binding letter of agreement for a Business Combination through a proposed all share transaction. Read more »

February 6, 2012

Prophecy Platinum Appoints Mike Sylvestre as Director Prophecy Platinum Corp. is pleased to announce the appointment of Mike Sylvestre to its Board of Directors. Read more »

January 3, 2012

Prophecy Platinum Starts Wellgreen Underground Drilling, 20,000 Meters Planned in 2012 (Maps Included) Prophecy Platinum Corp. is pleased to announce that the Company will commence drilling on its Wellgreen PGE-Ni-Cu project. Read more »

December 30, 2011

Prophecy Platinum And Prophecy Coal Enter Into $2 Million Intercompany Loan Facility Prophecy Platinum Corp. is pleased to announce that Prophecy Platinum and Prophecy Coal have entered into an intercompany loan facility. Read more »


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