https://www.miningweekly.com

PTM appoints advisory firm as it seeks offtake options for Waterberg project

15th May 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – TSX-listed Platinum Group Metals (PTM) and joint venture partner Japan Oil, Gas and Metals National Corporation have selected SFA Oxford to assess potential offtake options and commercial terms for the Waterberg platinum group metals (PGMs) project.

SFA will assist in formulating a metallurgical processing strategy that will include identification of all mineral processing options, evaluating commercial terms, processing routes and specific smelter options.

The work undertaken by SFA will add to the work being done by an independent engineering qualified person in these areas and is expected to make a significant contribution to the economics to be outlined in the definitive feasibility study that is in progress.

Based on the company’s completed prefeasibility study (PFS), the Waterberg project is expected to produce up to 285 000 t/y of concentrate at peak production, containing 80 g/t platinum elements, plus copper at between 1% and 9.2% and nickel at between 1.1% and 5%.

Base metal levels for Waterberg similar to the common Merensky concentrate make it metallurgically desirable for blending with other high-chrome concentrates. The PFS estimated that Waterberg could produce 472 000 oz/y of palladium; about 6% of the world's palladium production in 2015.

"We look forward to working with the team at SFA to further delineate the unique value opportunities for the project. The anticipated scale of production at Waterberg will play a significant role in meeting demand for PGM metals going forward, particularly palladium,” said PTM CEO R Michael Jones.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.141 0.178s - 106pq - 3rq
1:
1: United States
Subscribe Now
2: United States
2: