(MENAFN - Investor Brand Network) Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) is emerging as a noteworthy player in the sector as interest in platinum continues to rise."The company operates the Waterberg PGM Project, a large palladium and platinum deposit located in South Africa. Recently, Platinum Group Metals announced and filed with securities regulators an updated Independent Definitive Feasibility Study ('2024 DFS') for the Waterberg Project, which underscores its potential to meet the growing demand for these metals," reads a recent article.

"The 2024 DFS detailed several encouraging developments. First, the company reported a 20% increase in its proven and probable mineral reserves of platinum, palladium, rhodium, and gold, now totaling 23.41 million ounces contained in 246.2 million tonnes of ore at an aggregate grade of 2.96 grams per tonne. Additionally, the life of the mine has been extended from 45 years to 54 years, ensuring that it can maintain production and generate cash flow for a longer period. With an average projected production of 353,208 ounces of platinum, palladium, rhodium and gold per year in concentrate, the project is well-prepared for robust output."

To view the full article, visit

About Platinum Group Metals Ltd.

Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit .

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company's newsroom at

About Rocks & Stocks

Rocks & Stocks
("R&S") is a specialized communications platform delivering deep insights into the mining industry. It is one of 70+ brands within the
Dynamic Brand Portfolio
@
IBN
that delivers:
(1) access to a vast network of wire solutions via
InvestorWire
to efficiently and effectively reach a myriad of target markets, demographics and diverse industries;
(2) article and
editorial syndication to 5,000+ outlets ;
(3) enhanced
press release enhancement
to ensure maximum impact;
(4)
social media distribution
via IBN to millions of social media followers;
and (5) a full array of tailored
corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, R&S is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, R&S brings its clients unparalleled recognition and brand awareness.

R&S is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from Rocks & Stocks, text"Rocks" to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the Rocks & Stocks website applicable to all content provided by R&S, wherever published or re-published:
/Disclaimer

Rocks & Stocks
Los Angeles, CA
RocksAndStocks
310.299.1717 Office
[email protected]

Rocks & Stocks is powered by
IBN

MENAFN09122024000224011066ID1108974104

COMTEX_460687467/2604/2024-12-10T08:35:31