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Platinum Group Metals Ltd. Announces Positive Independent Definitive Feasibility Study Update for the Waterberg Mine
Platinum Group Metals (TSX: PTM, NYSE American: PLG) announced positive results from an updated Definitive Feasibility Study (2024 DFS) for the Waterberg Mine. Key updates include:
Mineral Reserve Increase: Proven and probable reserves up by 20% to 23.41 million 4E oz.
Extended Life of Mine: Now 54 years with steady annual production of 353,208 4E oz.
Robust Economics: After-tax NPV at an 8% discount rate of USD $569 million, IRR of 14.2%.
Low Costs: On-site cash cost of $658 per 4E oz, AISC of $761 per 4E oz.
Strong Cash Flow: After-tax cashflow of $6.50 billion LOM.
Capital Efficiency: Total project capital of $946 million.
Additional improvements include increased resource confidence, higher continuity, reduced capital expenditure by $200 million, improved mine management, and reduced water consumption by 36%. The Waterberg Project intends to create approximately 3,425 jobs, contributing to local economies and the automotive and energy sectors.
Mineral Reserve Increase: Proven and probable reserves up by 20% to 23.41 million 4E oz.
Extended Life of Mine: Now 54 years with steady annual production of 353,208 4E oz.
Robust Economics: After-tax NPV at an 8% discount rate of USD $569 million, IRR of 14.2%.
Low Costs: On-site cash cost of $658 per 4E oz, AISC of $761 per 4E oz.
Strong Cash Flow: After-tax cashflow of $6.50 billion LOM.
Capital Efficiency: Total project capital of $946 million.
Additional improvements include increased resource confidence, higher continuity, reduced capital expenditure by $200 million, improved mine management, and reduced water consumption by 36%. The Waterberg Project intends to create approximately 3,425 jobs, contributing to local economies and the automotive and energy sectors.
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Ultratech : price of platinum dropping. getting in these as low as possible is bullish