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Platinum Group Metals Boosts Waterberg Reserves 20% in Updated Feasibility Study

Platinum Group Metals updates Waterberg Project feasibility study with 20% reserve increase and improved economics. 23.41M ounces of 4E metals over 54-year mine life.

The updated feasibility study for the Waterberg Project demonstrates significant improvements in both reserve size and economic viability, which is crucial for investors and the broader metals market. Platinum group metals are essential components in automotive catalytic converters, hydrogen fuel cells, and various industrial applications, making this project strategically important for global supply chains. The extended 54-year mine life and reduced operational costs position this project as a long-term, stable source of critical metals, potentially influencing market prices and availability for manufacturers and consumers worldwide. This development also highlights South Africa's continued dominance in platinum group metal production and could impact global supply dynamics and investment opportunities in the mining sector.