Curated News
By: NewsRamp Editorial Staff
September 05, 2025
Platinum Group Metals Boosts Waterberg Reserves 20% in Updated Feasibility Study
TLDR
- Platinum Group Metals' updated DFS shows a 20% reserve increase and lower costs, offering investors a competitive edge with enhanced project economics and extended mine life.
- The updated DFS by Stantec and DRA incorporates engineering enhancements that reduced capital and operating costs while streamlining the construction and ramp-up schedule.
- The Waterberg Project's 54-year mine life supports long-term economic stability and job creation in South Africa through sustainable resource development.
- Platinum Group Metals discovered a massive 23.41 million ounce deposit containing platinum, palladium, rhodium and gold in South Africa's Waterberg Project.
Impact - Why it Matters
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.
Summary
Platinum Group Metals Ltd. (NYSE American: PLG, TSX: PTM) has released a significant update to its Definitive Feasibility Study for the Waterberg Project, showcasing substantial improvements in both scale and economic viability. The updated study, prepared by leading engineering firms Stantec and DRA with project management oversight from South Africa-based Fraser McGill, reveals a remarkable 20% increase in proven and probable mineral reserves. The project now boasts 23.41 million ounces of combined platinum, palladium, rhodium and gold (4E) across an impressive 54-year mine life, positioning it as a major player in the global platinum group metals market.
The enhanced DFS incorporates critical improvements that have successfully lowered both capital and operating costs while streamlining the construction and ramp-up schedule. The Waterberg Project, located in South Africa, represents a bulk underground palladium and platinum deposit discovered by Platinum Group Metals and is being jointly developed with partners Implats, Mnombo, and HJM. This development is particularly significant given the growing demand for platinum group metals in various industrial applications, including automotive catalysts, hydrogen fuel cells, and electronics manufacturing.
The news was distributed through MissionIR, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN, ensuring broad visibility within the investment community. For investors and stakeholders seeking comprehensive information, additional details about Platinum Group Metals and the Waterberg Project are available through the company's official channels and the extensive network of syndication partners that MissionIR leverages to maximize market impact and investor awareness.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Platinum Group Metals Boosts Waterberg Reserves 20% in Updated Feasibility Study
