Platinum Group produces first concentrate from Maseve mine in South Africa

9 February 2016 (Last Updated February 9th, 2016 18:30)

Platinum Group Metals has produced the first concentrate from its Maseve platinum mine (formerly known as the WBJV project 1) near Rustenburg in South Africa.

Platinum Group Metals has produced the first concentrate from its Maseve platinum mine (formerly known as the WBJV project 1) near Rustenburg in South Africa.

Prior to this, the company completed a test during hot commissioning of its concentrator facility. The first concentrate will be delivered to the Anglo Platinum Waterval smelter 40km south of the mine.

Platinum Group Metals CEO and co-founder Michael Jones said: "It is very satisfying to see the first concentrate produced and to participate in the commissioning of mine systems from the underground conveyor, into the ore silo, through the mill, flotation and filter press to final product."

"It is very satisfying to see the first concentrate produced and to participate in the commissioning of mine systems."

During testing, the company also completed surface infrastructure including warehouses, workshops, change houses, tailings facility and connections for power and water.

Based on the test results, normal systems analysis, adjustments, and tuning work are planned to be completed over the next few days.

Later on, the mill and concentrate recovery plant is expected to become fully operational.

Over the next two to three months, the company will focus on expanding available stoping areas and mining and plans to employ traditional, hybrid, long hole and board and pillar methods.

Feasibility study for WBJV was completed in July 2008 and formal construction began in 2010.

The company secured mining rights for the project in April 2012. The mine life is estimated to be more than 20 years.

The WBJV consists of projects 1, 2 and 3 and is located alongside Anglo Platinum's Bafokeng Rasimone Platinum mine in South Africa.