PTM starts drilling for Waterberg feasibility study
JOHANNESBURG (miningweekly.com) – Platinum Group Metals (PTM) is advancing its Waterberg platinum and palladium project to feasibility stage (FS) along with partner Japan Oil, Gas and Metals National Corporation (Jogmec).
The FS is currently out to tender with several well-known specialist engineering firms. Under a current commitment, Jogmec, which holds 28.35% in the project, will fund $5.3-million towards the completion of the FS.
PTM CEO R Michael Jones noted that a prefeasibility study (PFS) has already modelled the Waterberg project in a strong, globally competitive position as one of the very few large-scale, primary palladium mines at a time when the market for palladium is very strong.
The PFS last year modelled a 744 000 oz/y platinum, palladium, gold and rhodium (4E) mine with an 18-year life. On a 100% project basis, using a 2.5 g/t cut-off grade, the PFS estimated probable reserves of some 12.32-million ounces of platinum, palladium, rhodium and gold (4E) at Waterberg.
The deposit's shallow depth, good grade and fully mechanised mining approach, places the project in the lowest quartile of the South African 4E industry cost curve. The project reserves comprise 61.4% palladium and the PFS estimated that Waterberg could produce 472 000 oz/y of palladium.
Drilling targeted at the conversion of indicated resources into measured resources will restart this month, with geotechnical drilling for assessing the locations for foundations and mine excavations also being planned along with further metallurgical drilling to refine recovery curves and plant designs.
Detailed mine planning and scheduling will be completed using a new resource model following the fill-in drilling described above.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...
VISIT SHOWROOM
EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
