Waterberg Project Emerges as World-Class Platinum Group Metals Operation

Platinum Group Metals Ltd. is making significant progress on its Waterberg Project, a strategic platinum group metals mining initiative located in South Africa. The project is designed as a fully mechanized, shallow, decline-access mine focused on extracting platinum, palladium, rhodium, and gold, with additional copper and nickel production. An independent definitive feasibility study completed in September 2024 has confirmed the project's world-class potential. The Waterberg Project is projected to be one of the largest and lowest-cost underground PGM mines globally, positioning the company favorably in an increasingly critical metals market.

Platinum group metals, which include platinum, palladium, rhodium, ruthenium, iridium, and osmium, play a crucial role in numerous modern technological and industrial applications. These metals are essential in sectors ranging from automotive manufacturing to electronics and renewable energy technologies. The strategic development of the Waterberg Project comes at a time of rising global demand for platinum group metals. By focusing on a mechanized, efficient mining approach, Platinum Group Metals Ltd. is poised to contribute significantly to the global supply of these critical resources.

The project represents a substantial investment in South Africa's mining sector and demonstrates the continuing importance of PGMs in the global economic landscape. As industries increasingly rely on these metals for advanced technologies, the Waterberg Project stands to become a key source of strategic mineral resources. The mechanized approach ensures operational efficiency while maintaining competitive production costs, making the project economically viable even in fluctuating market conditions.

The timing of this development aligns with growing recognition of platinum group metals' importance in sustainable technologies and industrial applications worldwide. With the definitive feasibility study confirming the project's viability and scale, Platinum Group Metals Ltd. has established a strong foundation for future development and production. The Waterberg Project's combination of scale, cost efficiency, and strategic location positions it as a significant contributor to global PGM supply chains for years to come.