FAQ: Platinum Group Metals Ltd.'s Waterberg Project and Its Role in Meeting Global PGM Demand

What is the Waterberg Project?

The Waterberg Project is a large-scale platinum group metals (PGM) mine in South Africa, developed by Platinum Group Metals Ltd., expected to be among the world’s largest and lowest-cost underground operations with a 54-year mine life.

Why is the Waterberg Project significant?

The project is significant due to its robust economics, including projected steady state annual production of 353,208 ounces of platinum, palladium, rhodium, and gold, along with significant copper and nickel by-products, meeting the rising global demand for PGMs.

How does the Waterberg Project meet global PGM needs?

Located in the Bushveld Complex, the project features thick, shallow ore bodies allowing for safer, more efficient mining, positioning Platinum Group Metals to meet future market needs in automotive, electronics, and clean energy sectors.

Who is developing the Waterberg Project?

Platinum Group Metals Ltd. is the operator, jointly developing the project with Implats, Mnombo, and HJM.

When was the definitive feasibility study for the Waterberg Project completed?

An independent definitive feasibility study (DFS) was completed in September 2024.

Where is the Waterberg Project located?

The Waterberg Project is located in the Bushveld Complex in South Africa.

What are the implications of the Waterberg Project for the global PGM market?

The project is poised to significantly contribute to the global PGM supply, especially in sectors with rising demand like automotive, electronics, and clean energy, due to its large-scale production and long mine life.

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

For more information, visit Platinum Group Metals Ltd.’s website at www.PlatinumGroupMetals.net or the company’s newsroom at https://ibn.fm/PLG.