Platinum Group Metals Reports on Waterberg DFS

Platinum Group Metals Ltd. reported that engineering work is under way to support a definitive feasibility study (DFS) of its Waterberg project on the northern limb of South Africa’s Bushveld Complex. Included in the work are infill drilling, resource modeling, mine plan optimization and infrastructure engineering. Engineering and design work to reduce and improve underground development and to optimize project scale and return will also be part of the DFS.

Detailed drilling targeting the higher- grade, thicker portions of the Waterberg deposit is in progress, with the objectives of moving portions of the deposit into the measured resource category and investigating the best grade portions for inclusion in early mine planning. License and permitting application work is also underway. Work at Waterberg is wholly funded at present by 28.35% joint-venture partner JOGMEC (the Japan Oil, Gas and Metals National Corp.) through an exploration earn-in commitment.

Important detailed infrastructure planning has commenced for the project, including power line environmental and servitude work by Eskom and detailed hydrogeological work to source ground water. Eskom has progressed electrical power connection planning for a 65-km, 140-MW line to the project.

Hydrological work so far has also identified several large-scale water basins that are likely able to provide potable and mine process water for the Waterberg project and local communities. The project team is examining the possibility of assisting with regional infrastructure to source potable water for municipal use while also sourcing and providing mine process water.

As featured in Womp 2017 Vol 07 -