Press Release: October 15, 2018
The application consists of a Mining Work Program, Social and Labour Plan and associate Environmental Applications.
The application is supported by the company and the Waterberg JV partners including Impala Platinum (Implats), Japan Oil, Gas and Metals National Corporation (JOGMEC) and Mnombo Wethu Consultants (Mnombo).
Waterberg represents a large-scale resource of platinum group metals (PGM), including palladium, platinum and gold, with an attractive risk profile.
Given its shallow nature and ability to support a fully mechanized operation, the Waterberg Project has the potential to be amongst the lowest cost producers in the PGM sector.
A PFS was completed in 2016 and a definitive feasibility study DFS is in progress for completion in calendar Q1, 2019.
Stantec Consulting International and DRA Projects SA are the lead independent project engineers for the DFS.
Platinum Group currently holds an effective 50.02% interest in the Waterberg Project.
Other companies interested in the haul include Implats www.implats.co.za and
Aventura Palladium: http://aventurapalladium.com/
SML & Associates: http://smlandassociates.com/ prompts us to get involved with the market, as palladium has been gaining market interest based on continued strong demand from the auto sector, where there is a growing trend towards gasoline engines and hybrids that use palladium dominant catalysts.
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