Platinum Group Metals advances its Waterberg PGM Project in South Africa

Securing concentrate offtake agreements is the next major step for Platinum Group Metals Ltd., said Frank Hallam, the company's director, president, and CEO.

Last week, Hallam recorded an episode of Green Rush with Matt Watson, founder of Precious Metals Commodity Management.

Platinum Group Metals Ltd. (TSX: PTM) is the majority owner and operator of the Waterberg PGM Project in South Africa. The company is headquartered in Vancouver, British Columbia. An updated feasibility study on the project was published in September 2024. Discovered in 2011, approximately $89 million has been invested in the project.

A critical next step for the project is securing concentrate offtake agreements, either within South Africa or with potential partners in Saudi Arabia, which is positioning itself as a global mineral processing hub. Hallam emphasized that while the project is still a few years away from full production, it marks a significant shift in South Africa’s PGM mining landscape, with the northern limb likely to become the future focus of the industry.

Timestamps:

0:00 — The Waterberg PGM project
2:37 — Geology at the Waterberg PGM project
5:37 — Resource models at the Waterberg PGM project
6:36 — Ownership at the Waterberg PGM project
11:07 — Recoverable metals at the Waterberg PGM project
11:40 — Costs at the Waterberg PGM project
30:52 — Metal recycling

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