Impala Platinum (Implats) has entered into definitive agreements with Platinum Group Metals Ltd. (PTM), Japan Oil, Gas and Metals National Corp. (JOGMEC), and Mnombo Wethu Consultants to acquire a 15% interest in the Waterberg platinum group metals (PGM) development project, with an option to acquire majority ownership following completion of a definitive feasibility study (DFS). Located on the northern limb of South Africa’s Bushveld complex, Waterberg hosts a large-scale PGM resource with an attractive risk profile given its shallow nature, which will facilitate fully mechanized production.
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