Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is emerging as a noteworthy player in the sector as interest in platinum continues to rise. “The company operates the Waterberg PGM Project, a large palladium and platinum deposit located in South Africa. Recently, Platinum Group Metals announced and filed with securities regulators an updated Independent Definitive Feasibility Study (‘2024 DFS’) for the Waterberg Project, which underscores its potential to meet the growing demand for these metals,” reads a recent article.
“The 2024 DFS detailed several encouraging developments. First, the company reported a 20% increase in its proven and probable mineral reserves of platinum, palladium, rhodium, and gold, now totaling 23.41 million ounces contained in 246.2 million tonnes of ore at an aggregate grade of 2.96 grams per tonne. Additionally, the life of the mine has been extended from 45 years to 54 years, ensuring that it can maintain production and generate cash flow for a longer period. With an average projected production of 353,208 ounces of platinum, palladium, rhodium and gold per year in concentrate, the project is well-prepared for robust output.”
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About Platinum Group Metals Ltd.
Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit www.PlatinumGroupMetals.net.
NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG
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