JOHANNESBURG (miningweekly.com) – The prefeasibility study (PFS) for TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) Waterberg Joint Venture (JV) project on the northern limb of the Bushveld Complex is on track, with completion targeted for the second quarter of next year, PTM said on Wednesday.
The company noted that an updated resource estimate for the project was scheduled to be completed by specialist professional services consultancy Coffey Mining prior to the completion of the updated mine and project designs for the ongoing PFS.
PTM also stated that the study of expanded opportunities considering the implications of the resources beyond the Waterberg JV on to the Waterberg Extension, downstream smelter options, synergies with regional projects and marketing had been added to the scope of the PFS.
Meanwhile, the company also noted that it had completed about 71 000 m of vertical core drilling at the Waterberg JV and Waterberg Extension projects, with the drilling having been successful at expanding and detailing the Waterberg T, F and Super F zones as part of the PFS.