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Platinum Group Metals Ltd.

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Summary

Project:

Waterberg

Deposit:Waterberg
Location:South Africa
Commodities:Platinum-Palladium-Rhodium-Gold-Copper-Nickel
Date:10/19/2016
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Feasibility Study
Report details:19-10-2016: Platinum Group Metals Ltd. announces a Pre-Feasibility Study report for its Waterberg deposit at the Waterberg project. PFS results incl. post-tax NV (8%) of US%507M, IRR of 13.5%. This report was prepared in compliance with National Instrumen
Resources:(Reserve, Prob.): 102.7Mt @ 3.73g/t 4E, 0.08% Cu, 0.15% Ni
CP/QP:[Resources]: Charles Johannes Muller (CJM Consulting Pty Ltd.)
ABSTRACT:This report was prepared in compliance with National Instrument 43–101, Standards of Disclosure for Mineral Projects (NI 43–101), and documents the results of ongoing exploration and project work. The project is the development of large greenfield platinum mine and concentrator plant north of the town of Mokopane in the Province of Limpopo. A Preliminary Economic Assessment (PEA) on the original Waterberg JV was completed and announced in February 2014. The resource estimate includes the T Zone, F South, F Central, F Boundary and F North with the shallowest edge of the known deposit on the T-Zone at approximately 140m below surface. The resource estimate has been cut off at an arbitrary depth of 1,250m vertical. Drill intercepts well below 1,250m vertical indicate the deposit continues and is open down dip from this depth. The deposit is 13km long and remains open along strike to the north.

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