Platinum Group Metals (TSE:PTM) has released an update.
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Platinum Group Metals Ltd. has announced a favorable update from the 2024 Definitive Feasibility Study for its Waterberg Project, revealing a 20% increase in mineral reserves and an extension of the mine life from 45 to 54 years. The updated study boasts robust economics, including a significant after-tax net present value and an internal rate of return of 14.2%, while also highlighting that the Waterberg Mine will be one of the lowest-cost PGM mines in Southern Africa. These advancements, along with a reduced water consumption strategy and lower risk profile, position the Waterberg Project as a long-life asset with potential for substantial job creation in South Africa.
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