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Platinum Group Metals reports that a further notice to appeal the decision granting Waterberg JV Resources a mining right was received by the Company on April 14, 2021.

The notice is reported to be filed by a local community in the area of the proposed mine infrastructure. The Department of Mineral Resources and Energy (DMRE) granted the mining right on January 28, 2021.

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The Company believes that all requirements specified under the Mineral and Petroleum Resources Development Act (MPRDA) have been complied with and that Minister Gwede Mantashe’s office correctly issued the notice of the granting of the mining right. Waterberg JV Resources is accordingly opposing the appeal.

According to the MPRDA, an appeal can be considered by the Minister for determination within a 130-business day timeframe. The mining right currently remains active and was notarially executed by the DMRE on April 13, 2021.

Platinum Group has completed well-documented, extensive and meaningful consultations with recognized representatives in local communities, the DMRE and government. The consultation includes the group claiming an appeal.

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The Waterberg Project is projected to be a large palladium, platinum, rhodium and gold mine and the Company anticipates that its development will result in significant positive spin-offs in terms of investments, exports, jobs and skills development.

The Company intends to continue our consultation with the DMRE and recognized local authorities and community representatives on our plans for the Waterberg site.