FAQ: Platinum Group Metals Ltd. Advances Waterberg Mine Project

What is the Waterberg Project?

The Waterberg Project is a bulk underground palladium and platinum deposit located in South Africa, being developed by Platinum Group Metals Ltd. in partnership with Implats, Mnombo, and HJM. It is planned as a fully mechanized underground mine, projected to be one of the world’s largest and lowest-cost PGM operations.

Why is the Waterberg Project significant?

The Waterberg Project is significant because it is expected to be one of the world’s largest and lowest-cost PGM operations, producing platinum, palladium, rhodium, gold, and by-product copper and nickel, which could have a substantial impact on the global PGM market.

How is Platinum Group Metals Ltd. advancing the Waterberg Project?

Platinum Group Metals Ltd. is advancing the Waterberg Project by securing construction financing and concentrate offtake agreements, and through ongoing research and development, including exploring the use of platinum and palladium in lithium batteries via Lion Battery Technologies.

Who is involved in the development of the Waterberg Project?

The Waterberg Project is being jointly developed by Platinum Group Metals Ltd. with partners Implats, Mnombo, and HJM. Additionally, Lion Battery Technologies, in partnership with Anglo American Platinum and Florida International University, is involved in R&D related to the project.

Where is the Waterberg Project located?

The Waterberg Project is located in South Africa.

What are the near-term goals for the Waterberg Project?

The near-term goals for the Waterberg Project include securing construction financing and concentrate offtake agreements to move forward with the development of the mine.

What is Lion Battery Technologies?

Lion Battery Technologies is a venture by Platinum Group Metals Ltd. that is exploring the use of platinum and palladium in lithium batteries, in partnership with Anglo American Platinum and Florida International University.

How can I find more information about Platinum Group Metals Ltd. and the Waterberg Project?

More information about Platinum Group Metals Ltd. and the Waterberg Project can be found on the company’s website at www.PlatinumGroupMetals.net or in the company’s newsroom at https://ibn.fm/PLG.

What products will the Waterberg Project produce?

The Waterberg Project is projected to produce platinum, palladium, rhodium, gold, and by-product copper and nickel.

What is the significance of the partnership with Anglo American Platinum and Florida International University?

The partnership with Anglo American Platinum and Florida International University through Lion Battery Technologies signifies an innovative approach to exploring the use of platinum and palladium in lithium batteries, potentially opening new markets for these metals.