Waterberg Project Emerges as Potential Global Leader in Platinum Group Metals Production

Platinum Group Metals Ltd. is making substantial progress in developing the Waterberg Project, a large-scale platinum group metals mine located in South Africa that is projected to become one of the largest and lowest-cost underground PGM operations globally. The project represents a strategic approach to metal extraction, designed as a fully mechanized, shallow, decline-access mine that will focus on extracting platinum, palladium, rhodium, and gold, with additional by-product production of copper and nickel.

An independent definitive feasibility study completed in September 2024 has confirmed the project's world-class potential, validating its economic viability and operational efficiency. Platinum group metals, which include platinum, palladium, rhodium, ruthenium, iridium, and osmium, play a critical role in numerous modern industrial and technological applications. These metals have significant importance across various sectors, including automotive manufacturing, electronics, medical technologies, and sustainable energy solutions.

The Waterberg Project's development comes at a time of increasing global demand for platinum group metals, driven by their essential role in catalytic converters for vehicles, electronic components, medical devices, and emerging green technologies. By positioning itself as a potentially low-cost producer, Platinum Group Metals Ltd. is strategically aligning with emerging market needs and technological advancements that rely on these critical metals. The mine's design and projected efficiency could represent a significant advancement in sustainable and economically viable metal extraction, potentially setting new standards for underground mining operations in the global resources sector.

The project's mechanized approach and shallow decline-access design contribute to its potential for low-cost operations while maintaining high safety standards. This development strategy addresses the growing need for reliable PGM supply chains as global industries increasingly depend on these metals for technological innovation and environmental solutions. The combination of scale, efficiency, and strategic positioning makes the Waterberg Project particularly significant in the context of evolving global metal markets and sustainability requirements.