47 / 82
January 2015
MODERN MINING
45
PLATINUM
Waterberg deposit –
perspective view looking
north-east.
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
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.”