Platinum Group Metals (TSE:PTM) has released an update.
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Platinum Group Metals Ltd. has released a positive update to the 2019 Independent Definitive Feasibility Study for the Waterberg Mine, highlighting a 20% increase in mineral reserves, an extended life of mine from 45 to 54 years, and robust economics with a net present value of $569 million. The update showcases improvements in mine design, reduced capital expenditures, and a strong focus on creating jobs and producing critical metals for the automotive and energy sectors. Key highlights include a projected life-of-mine free cash flow of $6.50 billion and one of the lowest cost PGM mines in Southern Africa.
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