Modern Mining January 2015

PLATINUM

Waterberg deposit – perspective view looking north-east.

projects advancing and on track to the comple- tion of the planned Pre-feasibility Study and beyond while maintaining our interest in the Waterberg JV and maintaining an effective majority interest in the Waterberg Extension. We plan to work with Macquarie Bank in South Africa to identify financing alternatives for our Black Economic Empowerment partners so that they may become fully funded at both Project 1 and at Waterberg.” 

1,9 km north of the known Waterberg deposit. Looking ahead, PTM, which is now under- taking a Pre-feasibility Study (PFS) on the Waterberg JV project, says that during 2015 it will be speaking with its partners and other third parties interested in becoming involved at Waterberg. In its quarterly report, it states: “The company will consider transactions with the potential to provide funding for additional work. The goal will be to keep the Waterberg

January 2015  MODERN MINING  45