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Platinum Group Metals Ltd.
Summary
| Project: | Waterberg | |
|---|---|---|
| Deposit: | Waterberg | |
| Location: | South Africa | |
| Commodities: | Platinum-Palladium-Rhodium-Gold-Copper-Nickel | |
| Date: | 9/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-9-2019: Platinum Group Metals Ltd. announces a Feasibility Study report for its Waterberg deposit at the Waterberg project. DFS results incl. post-tax NPV (8%) of $333M, IRR of 20.7%. (Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NY | |
| Resources: | (Reserve, P+P): 187.5Mt @ 3.24g/t 4E, 0.09% Cu, 0.18% Ni at project | |
| CP/QP: | [Resources]: Charles Muller (CJM Consulting Pty Ltd.) | |
| ABSTRACT: | (Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE American) (“Platinum Group” or the “Company”) announces positive results from an Independent Definitive Feasibility Study (“DFS”) on the Waterberg Project (the “Project”) completed by international and South African engineering firms Stantec Consulting International LLC (“Stantec”) and DRA Projects SA (Pty) Ltd. (“DRA”) along with a large team of specialists. The DFS was managed by Waterberg JV Resources (Pty) Ltd. (“Waterberg JV”) representing the owners of Platinum Group, Impala Platinum Holdings Ltd. (“Implats”), Japan Oil, Gas and Metals National Corporation (“JOGMEC”), Hanwa Co. Ltd. (“Hanwa”) and Mnombo Wethu Consultants (Pty) Ltd. (“Mnombo”). All of the partners contributed actively to the Project through the technical committee and the Board of Waterberg JV. | |
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