JSE-listed Impala Platinum (Implats) has asked to have the terms of its purchase and development option in the Waterberg platinum project joint venture (JV) amended.
TSX-and NYSE-listed Platinum Group Metals (PTM) on Thursday announced that Implats had, in consideration for the amendment, agreed to fund 100% of a $4-million implementation budget and work programme that would increase confidence in specific areas of the Waterberg project’s definitive feasibility study (DFS).