An independent definitive feasibility study (DFS) into the joint venture (JV) Waterberg project, in South Africa, provides “a clear outline of the world-class nature of the Waterberg palladium deposit and concludes that it can be one of the largest fully mechanised, low-cost platinum group metals mines in the world,” says Platinum Group Metals (PTM) CEO and cofounder R Michael Jones. The DFS, which was completed by international and South African engineering firms Stantec Consulting International and DRA Projects, along with a team of specialists, was managed by Waterberg JV Resources, representing the JV partners PTM; Impala Platinum; Japan Oil, Gas and Metals National Corporation (Jogmec); Hanwa; and Mnombo Wethu Consultants.
