Until recently, it was assumed that South Africa's already generous platinum resources were confined to the Bushveld Igneous Complex, but it now appears that reserves lies beyond these confines, thanks to the work of a Canadian explorer. Platinum Group Metals (PTM) is a Vancouver-based company developing a mine in the traditional Bushveld area, but it is also looking further north in the Waterberg, better known for large-scale coal deposits. PTM first announced indications of platinum in 2011, but more recently firmed this up with the declaration of a new intercept 3.4 km northward, beyond the previous resource limit.
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