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Waterberg DFS outlines 45-year mine

Platinum Group Metals (TSX: PTM) has unveiled a price tag of US$874 million for a 45-year operation at Waterberg which it believes would be “one of the largest and lowest cash cost underground PGM mines globally”.

Waterberg DFS outlines 45-year mine Waterberg DFS outlines 45-year mine Waterberg DFS outlines 45-year mine Waterberg DFS outlines 45-year mine Waterberg DFS outlines 45-year mine

Leading platinum producer Implats must now decide whether to further back Waterberg. Image: Jacques McCarthy

The release of the independent definitive feasibility study means the ball now moves to Impala Platinum's court, which can opt to increase its Waterberg stake from 15% to 50.