Platinum Group Metals Ltd. Files Waterberg Technical Report
788 – 550 Burrard Street
Vancouver, BC V6C 2B5
P: 604-899-5450
F: 604-484-4710
News Release No. 18-382
November 16, 2018
Platinum Group Metals Ltd. Files Waterberg Technical Report
(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG -NYSE
American) (“Platinum Group Metals” or the “Company”) reports that further to its news
release dated October 25, 2018 announcing an updated independent resource estimate on
the Company’s 50.02% interest in the Waterberg palladium dominant deposit located in
the Bushveld Igneous Comp lex, South Africa, it has today filed the associated National
Instrument 43 -101 technical report. The report is on a 100% Project basis resource
estimate. The report, entitled “ Technical Report on the Mineral Resource Update for the
Waterberg Project Loca ted in the Bushveld Igneous Complex, South Africa” is dated
effective September 27, 2018 and was prepared by Charles J Muller , B. Sc. (Hons)
(Geology), Pri. Sci. Nat., of CJM Consulting (Pty) Ltd., supporting the disclosure of the
independent mineral resou rce estimate. A copy of the report can be found at
www.sedar.com and on the Company’s website.
ABOUT PLATINUM GROUP METALS LTD.
Platinum Group, based in Johannesburg, South Africa and Vancouver, Canada, is focused
on the advancement of the large scale, near surface, palladium dominant Waterberg
Project in South Africa. Partners at Waterberg include Impala Platinum Holdings Ltd., the
Japan, Oil, Gas and Metals National Corporation and Mnombo Wethu Consultants (Pty)
Ltd., a South African empowerment company.
On behalf of the Board of
Platinum Group Metals Ltd.
“R. Michael Jones”
President and CEO
For further information, contact:
R. Michael Jones, President
or Kris Begic, VP, Corporate Development
Platinum Group Metals Ltd., Vancouver
Tel: (604) 899-5450 / Toll Free: (866) 899-5450
www.platinumgroupmetals.net
Disclosure
The Toronto Stock Exchange and the NYSE American LLC have not reviewed and do not accept
responsibility for the accuracy or adequacy of this news release, which has been prepared by
management.
This press release contains forward -looking infor mation within the meaning of Canadian
securities laws and forward -looking statements within the meaning of U.S. securities laws
2
("forward-looking statements"). Forward-looking statements are typically identified by words
such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions,
or are those, which, by their nature, refer to future events. All statements that are not
statements of historical fact are forward -looking statements. Forward-looking statements in
this press release include, without limitation, statements regarding all technical details of the
updated mineral resources. A shortage of working capital may materially affect the Company
ability to complete its plans. Although the Company believes the forward -looking statements
in this press release are reasonable, it can give no assurance that the expectations and
assumptions in such statements will prove to be correct. The Company cautions investors that
any forward -looking statements by the Company are not guaran tees of future results or
performance, and that actual results may differ materially from those in forward looking
statements as a result of various factors, including, but not limited to, variations in market
conditions; the nature, quality and quantity of any mineral deposits that may be located; metal
prices; other prices and costs; currency exchange rates; the Company's ability to obtain any
necessary permits, consents or authorizations required for its activities; the Company's ability
to access further funding and produce minerals from its properties successfully or profitably,
to continue its projected growth, or to be fully able to implement its business strategies and
other risk factors described in the Company's Form 20-F annual report, annual information
form and other filings with the SEC and Canadian securities regulators, which may be viewed
at www.sec.gov and www.sedar.com, respectively.
Estimates of mineralization and other technical information included or referenced in this press
release have been prepared in accordance with National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects (“NI 43-101”). The definitions of proven and probable reserves
used in NI 43 -101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry
Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the
three-year historical average price is used in any reserve or cash flow analysis to designate
reserves and the primary environmental analysis or report must be filed with the appropriate
governmental authority. As a result, the reserves reported by the Company in accordance with
NI 43-101 may not qualify as "Mineral Reserves" under SEC standards. In addition, the terms
"Mineral Resource" and "measured Mineral Resource" are defined in and required to be
disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide
7 and normally are not permitted to be used in reports and registration statements fi led with
the SEC. Mineral Resources that are not Mineral Reserves do not have demonstrated economic
viability. Investors are cautioned not to assume that any part or all of the mineral deposits in
these categories will ever be converted into reserves. Accordingly, descriptions of the
Company’s mineral deposits in this press release may not be comparable to similar information
made public by U.S. companies subject to the reporting and disclosure requirements of United
States federal securities laws and the rules and regulations thereunder.