Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is progressing with its Waterberg project in South Africa, a venture poised to significantly impact the global supply of platinum and associated precious metals. Situated on the Northern Limb of the Bushveld Complex, the project is a fully mechanized, underground mine focusing on platinum, palladium, rhodium, and gold, alongside copper and nickel byproducts. This initiative is timely, given the current platinum market's notable deficit and the consequent price surge due to a tightening supply-demand equilibrium.
The September 2024 DFS update for the Waterberg project underscores its capacity to fulfill a segment of the world's platinum requirements. The Bushveld Complex, recognized as the Earth's leading platinum reserve, highlights the Waterberg project's strategic value. Collaborating with Implats, Mnombo, and HJM, Platinum Group Metals Ltd. is steering the project towards development and construction, marking a pivotal advancement in the mining industry's efforts to cater to the escalating demand for platinum group metals.
For further details on the Waterberg project and Platinum Group Metals Ltd., visit https://www.PlatinumGroupMetals.net. More updates and news regarding PLG are available in the company’s newsroom at https://ibn.fm/PLG.
