Platinum Group Metals (TSE:PTM) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into TSE:PTM stock, check out TipRanks’ Stock Analysis page.