Ivanhoe Mines reports that the Platreef Mine is advancing rapidly, with the Phase 1 concentrator ramping up and the first concentrate sale completed. The company has also signed a $700 million project finance facility for the Phase 2 expansion and highlighted the massive scale of its precious and base metal resources.
Platinum Group Metals Ltd. reported its 2024 annual results, highlighted by a major DFS update for the Waterberg Project in South Africa. The update shows a 20% increase in mineral reserves to 23.41 million 4E oz and an extension of the mine life to 54 years.
Platinum Group Metals Ltd. has filed its Independent Definitive Feasibility Study (DFS) Technical Report for the Waterberg Project in South Africa. The report, prepared by multiple Qualified Persons, supports an updated independent mineral resource estimate effective August 31, 2024.
Platinum Group Metals Ltd. announced positive results from an Independent Definitive Feasibility Study Update for its Waterberg Mine, reporting a 20% increase in Proven and Probable mineral reserves to 23.41 million 4E oz and an extended mine life of 54 years. The study projects robust economics with an after-tax NPV of US$569 million and an IRR of 14.2%, alongside an estimated total project capital of US$946 million. Key improvements include increased resource confidence, enhanced orebody continuity, and reduced capital and operating costs through optimized mine planning and the adoption of dry stack tailings technology.
Glacier Lake Resources Inc. has entered a definitive agreement to acquire a controlling interest in the Kalahari Platinum Project in South Africa. The transaction is subject to a Cdn$15 million concurrent financing and regulatory approvals.
