Business
Platinum Group Metals Ltd. Reports Further Appeal
Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - April 14, 2021) ...
About this update from Platinum Group Metals Ltd.
[{"type":"text","content":"Platinum Group Metals Ltd. Reports Further AppealVancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - April 14, 2021) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) (\"Platinum Group\" or the \"Company\") reports that a further notice to appeal the decision granting Waterberg JV Resources (Pty) Ltd. a mining right was received by the Company on April 14, 2021. The notice is reported to be filed by a local community in the area of the proposed mine infrastructure. The Department of Mineral Resources and Energy (\"DMRE\") granted the mining right on January 28, 2021. The Company believes that all requirements specified under the Mineral and Petroleum Resources Development Act (\"MPRDA\") have been complied with and that Minister Gwede Mantashe's office correctly issued the notice of the granting of the mining right. Waterberg JV Resources (Pty) Ltd is accordingly opposing the appeal. According to the MPRDA, an appeal can be considered by the Minister for determination within a 130-business day timeframe. The mining right currently remains active and was notarially executed by the DMRE on April 13, 2021.Platinum Group has completed well-documented, extensive and meaningful consultations with recognized representatives in local communities, the DMRE and government. The consultation includes the group claiming an appeal. The Waterberg Project is projected to be a large palladium, platinum, rhodium and gold mine and the Company anticipates that its development will result in significant positive spin-offs in terms of investments, exports, jobs and skills development. The Company intends to continue our consultation with the DMRE and recognized local authorities and community representatives on our plans for the Waterberg site. About Platinum Group Metals Ltd. and Waterberg ProjectPlatinum Group Metals Ltd. is the operator and majority owner of the Waterberg Project, a bulk underground palladium, platinum, gold and rhodium deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly advanced with the shareholders of Waterberg JV Resources (Pty) Ltd. (\"Waterberg JV Co.\"), being Platinum Group, Impala Platinum Holdings Ltd., Japan Oil, Gas and Metals National Corporation, Hanwa Co. Ltd. and Mnombo Wethu Consultants (Pty) Ltd. (\"Mnombo\"). In 2019, t...