Feasibility Model for Platinum Group Metals\' Project 1 Delivered to Partners by Independent Engineering Team on Time: Publication Expected
Platinum Group Metals Ltd. (Toronto:PTM.TO - News)(AMEX:PLG - News) announces the model for the Bankable Feasibility Study (\"BFS\") for the Project 1 platinum mine of the Western Bushveld Joint Venture (\"WBJV\") in South Africa has been delivered by the independent engineering team to the partners of the WBJV. The partners in the WBJV are Platinum Group Metals Ltd. 37% (operator), Anglo Platinum (JSE: AMS), 37% (the world\'s largest producer of platinum), and Wesizwe Platinum (JSE: WEZ), 26%.
The WBJV Project 1 is located in the heart of the Western Bushveld area of South Africa where 70% of the world\'s platinum is produced from the Merensky and UG2 Platinum Reefs; the same two horizons to be mined in the BFS.
- Published: 01 July 2008
- Written by Editor