Platinum Group Metals Ltd. is making significant progress in developing the Waterberg Project, a large-scale platinum group metals (PGM) mine in South Africa that is projected to be one of the world's largest and lowest-cost underground mining operations.
The Waterberg Project is strategically designed as a fully mechanized, shallow, decline-access mine focusing on extracting platinum, palladium, rhodium, and gold, with additional copper and nickel production. An independent definitive feasibility study completed in September 2024 has confirmed the project's world-class potential.
Platinum group metals play a critical role in modern technological and industrial applications, making this project significant for global supply chains. The mine's projected low-cost structure and comprehensive metal portfolio position it to be a competitive and attractive investment in the PGM sector.
By developing this project, Platinum Group Metals is responding to the continuing global demand for platinum group metals, which are essential in industries ranging from automotive manufacturing to electronics and green technologies. The Waterberg Project represents a substantial opportunity to meet growing international metal requirements while establishing a robust mining operation in South Africa.
