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  • Platinum Group Metals appoints CFO

    Fri Sep 30 2022


    "Greg Blair has been an integral member of the team at Platinum Group Metals Ltd. since 2010. His careful management style, work commitment and contribution towards our objectives over that time have been invaluable to the Company," Platinum Group's president, CEO, and director Frank Hallam said.


    Hallam had previously been the company's CFO but he moved into the role of CEO following the resignation of R. Michael Jones as president and CEO in July 2021. This is when Blair moved into the interim CFO role.


    "He will play a significant role as we advance our development objectives for the large-scale Waterberg platinum and palladium project," Hallam said.


    A 2019 definitive feasibility study viewed the project with an after-tax NPV8% of R5.62 billion (US$333 million) and after-tax IRR of 13.3%.


    It has measured and indicated resources of 242.44 million tonnes at 0.98g/t Pt, 2.13g/t Pd, 0.05g/t Rh, 0.22g/t Au, 3.38g/t 4E, 0.098% Cu, and 0.181% Ni.


    The project is jointly being de3velopment with Impala Platinum Holdings, Mnombo Wethu Consultants, Japan Oil, Gas and Metals National Corporation and Hanwa Co.


    Platinum Group's share price was up by 2% day on day at C$2.19 (US$1.6) on 29 September. The company has a market capitalisation of C$216.69 million.