https://www.miningweekly.com

Waterberg resource increased to 17.5Moz

13th September 2013

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

TSX-listed Platinum Group Metals (PTM) last week announced an updated independent inferred resource estimate for its 49.9%-owned Waterberg joint venture (JV) platinum project, in Limpopo, of 167- million tonnes, grading 3.26 g/t platinum, palladium and gold, amounting to a total of 17.5-million ounces with significant copper and nickel credits.

The previously announced resource for the project, held by PTM and JV partners the Japan Oil, Gas & Metals National Corpora- tion and a private South African empowerment partner, is 10.3-million ounces.

The resource estimate includes the T1, T2 and F layers in an extension of the Bushveld Complex that was discovered by the JV partners in 2011.

Mechanised mining methods, milling and infrastructure requirements for the Waterberg platinum deposit are being studied as part of a preliminary economic assessment (PEA) that is being conducted by South African engineering firm WorleyParsons TWP.

Estimated recoveries for platinum, palladium and gold in scoping flotation tests completed at SGS Laboratories averaged 88% for the T2 layer and 83% for the F layer.

The updated resource and the baseline metallurgical work will form the basis of the PEA that is expected to be completed by the end of this year, PTM states.

Meanwhile, step-out drilling further north along strike from the current deposit area will be executed upon approval of the com- pany’s completed environmental management plan over new extension prospecting rights, in which PTM holds an 87% interest.

PTM adds that drills are on standby at the property boundary to complete initial investigations.

“The interpretation of airborne gravity and magnetic surveys by the company provides a clear target for drilling north- ward over approximately a further 20 km,” the company says, adding that multiple boreholes along strike will be drilled simultaneously.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 
Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.044 0.791s - 110pq - 2rq
Subscribe Now