Platinum Group Metals Ltd. operates in a market where platinum may be undervalued relative to its long-term industrial and supply fundamentals. While gold often dominates attention, platinum's resilience and expanding industrial significance suggest it may be due for reappraisal. The company's flagship Waterberg Project in South Africa's Bushveld Igneous Complex represents a bulk underground platinum-palladium deposit projected to produce for decades, positioning the company to potentially harness market shifts toward platinum's industrial value.
The company holds a 50.29% beneficial interest in Waterberg, which a September 2024 Feasibility Study described as hosting proven and probable reserves of 23.41 million ounces of PGMs and gold. These reserves total 246 million tonnes at a grade of 2.96 g/t of combined platinum, palladium, rhodium and gold, with a projected production life of 54 years. By securing access to one of the world's richest PGM regions, Platinum Group Metals Ltd. is preparing for a potential revival of platinum demand as both a precious metal and critical industrial input. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit www.PlatinumGroupMetals.net.
This strategic positioning coincides with expanding industrial applications for platinum beyond traditional uses. The metal's unique properties make it essential in various technologies including fuel cells, medical devices, and electronics. With its 54-year production horizon, the Waterberg Project represents one of the longest-term mining operations in the platinum sector, offering stability in an industry often characterized by shorter mine lives and fluctuating commodity prices. The latest news and updates relating to PLG are available in the company's newsroom at https://ibn.fm/PLG.
The project's location in the Bushveld Igneous Complex provides significant geographical advantage, as this region contains approximately 80% of the world's known platinum-group metal resources. This access to some of the richest deposits on earth, combined with the project's substantial reserves, positions Platinum Group Metals Ltd. to potentially benefit from any sustained increase in platinum demand driven by industrial growth and technological advancements. The company's focus on long-term production capabilities contrasts with industry trends toward shorter operational timelines, suggesting a strategic approach to capitalizing on platinum's evolving market position as industrial applications continue to expand globally.
