Advancing the Next Great Palladium Mine J u l y 2 6 , 2 0 1 9 PLG: NYSE AMERICAN | PTM: TSX
Platinum Group Metals Disclosure Technical and Scientific Information properties, including details of quality and grade Industry Guide 7 and normally are not permitted This presentation has been prepared by Platinum of each mineral resource estimate, details of the to be used in reports and registration statements (“Platinum Group” Group Metals Ltd. or the key assumptions, methods and parameters used filed with the SEC. Mineral resources that are not “Company”) . Information included in this in the mineral resource estimates and a general mineral reserves do not have demonstrated presentation regarding the Company’s mineral discussion of the extent to which the mineral economic viability. Investors are cautioned not to properties has been compiled by R. Michael resource estimates and the other estimates and assume that any part or all of the mineral deposits Jones, P.Eng, the President and Chief Executive projections included in the reports may be in these categories will ever be converted into Officer of the Company, and a non-independent materially affected by any known environmental, reserves; "inferred mineral resources" have a Qualified Person for purposes of National permitting, legal, taxation, socio-political, great amount of uncertainty as to their existence, Instrument 43-101 - Standards of Disclosure for marketing, or other relevant issues. and great uncertainty as to their economic and (“NI 43-101 ”), Mineral Projects based on legal feasibility. It cannot be assumed that all or independent technical reports, and other Cautionary Note to United States Investors any part of an inferred mineral resource will ever information filed by the Company with the Estimates of mineralization and other technical be upgraded to a higher category. Under Canadian securities regulators and the U.S. information included or referenced in this Canadian securities laws, estimates of inferred Securities and Exchange Commission (“SEC”) . R. presentation have been prepared in accordance mineral resources may not form the basis of Michael Jones, the QP who has compiled the with NI 43-101. The definitions of proven and feasibility or pre-feasibility studies, except in rare technical info for the presentation, has approved probable reserves used in NI 43-101 differ from cases. Additionally, disclosure of "contained the written disclosure regarding technical and the definitions in SEC Industry Guide 7. Under ounces" in a resource is permitted disclosure scientific information in this presentation. For SEC Industry Guide 7 standards, a "final" or under Canadian securities laws; however, the more detailed information regarding the Company "bankable" feasibility study is required to report SEC normally only permits issuers to report and its mineral properties, you should refer to the reserves, the three-year historical average price is mineralization that does not constitute "reserves" Company’s independent technical reports and used in any reserve or cash-flow analysis to by SEC standards as in place tonnage and grade other filings with the Canadian securities designate reserves and the primary without reference to unit measurements. regulators and the SEC, which are available at environmental analysis or the report must be filed Accordingly, information contained or referenced www.sedar.com and www.sec.gov, respectively. with the appropriate governmental authority. As a in this presentation containing descriptions of the Scientific and technical information contained result, the reserves reported by the Company in Company's mineral deposits may not be herein is derived from the Company’s technical accordance with NI 43-101 may not qualify as comparable to similar information made public by reports. Information contained herein related to "reserves" under SEC standards. In addition, the U.S. companies subject to the reporting and the Waterberg Project Resource Update can be terms "mineral resource", "measured mineral disclosure requirements of United States federal found in the October 2018 Resource Update. resource", "indicated mineral resource" and securities laws and the rules and regulations www.sedar.com and www.sec.gov. Reference is "inferred mineral resource" are defined in and thereunder. made to such reports for more detailed required to be disclosed by NI 43-101; however, Company’s information with respect to the these terms are not defined terms under SEC PLG: NYSE AMERICAN | PTM: TSX 1
Platinum Group Metals Forward Looking Statements This presentation contains forward-looking regulations; the completion of the definitive and economic projections; the ability of the information within the meaning of Canadian feasibility study for the Waterberg Project by Company to negotiate and complete future securities laws and forward-looking statements calendar Q3 2019 and commencement of funding transactions and settlement or restructure construction thereafter; and the Company’s plans within the meaning of U.S. securities laws of debt; variations in market conditions; the “forward -looking statements”) . (collectively and estimates regarding exploration, studies, nature, quality and quantity of any mineral Forward-looking statements are typically development, construction, production, cash flows deposits that may be located; metal prices; other identified by words such as: believe, expect, and other activities and developments. prices and costs; currency exchange rates; the Company’s anticipate, intend, estimate, plans, postulate and Statements of mineral resources and mineral ability to obtain any necessary similar expressions, or are those, which, by their reserves also constitute forward looking permits, consents or authorizations required for nature, refer to future events. All statements that statements to the extent they represent estimates its activities and to effect the Implats Transaction; the Company’s ability to produce minerals from its are not statements of historical fact are forward- of mineralization that will be encountered on a looking statements. Forward-looking statements property and/or estimates regarding future costs, properties successfully or profitably, to continue in this presentation include, without limitation, revenues and other matters. Although the its projected growth, or to be fully able to statements regarding future demand for metals Company believes the forward-looking implement its business strategies; risks related to and other products; the potential exercise of statements in this presentation are reasonable, it contractor performance and labor disruptions; and Implats ’ earn in with respect to the Waterberg other risk factors described in the Company’s can give no assurance that the expectations and Project; potential settlement or restructure of the assumptions in such statements will prove to be Form 20-F annual report, annual information form Company’s secured debts; potential sales of correct. The Company cautions investors that any and other filings with the Securities and Exchange assets, debt or equity; the Company’s ability to forward-looking statements by the Company are Commission and Canadian securities regulators, obtain further funding; corporate and asset level not guarantees of future results or performance which may be viewed at www.sec.gov and strategic alternatives; the potential economics of and that actual results may differ materially from www.sedar.com, respectively. Proposed changes the Waterberg Project, if developed; the those in forward-looking statements as a result of in the mineral law in South Africa if implemented Waterberg Project’s concentrate being amenable various factors, including risks related to as proposed would have a material adverse effect Company’s to existing smelters; the key indebtedness; risks related to the nature of the on the Company business and potential interest objectives; market projections for the Company’s Implats Transaction agreements; the Company’s in projects. products; including without limitation the growth in capital requirements may exceed its current demand in connection with China 6 emissions expectations; the uncertainty of cost, operational PLG: NYSE AMERICAN | PTM: TSX 2
Platinum Group Metals Overview of Platinum Group Metals Ltd. I n J o i n t V e n t u r e w i t h m a j o r P G M p r o d u c e r s • • Large-scale palladium dominant mine Research and development using PGMs in development in South Africa. a lithium battery. • • Supported by Anglo Platinum, world’s Definitive Feasibility Study (DFS) scheduled for completion in calendar Q3 2019. largest PGM producer. • • Strategic Investor: Implats - worlds third Research partnership with Florida largest PGM producer. International University (FIU). • • Construction decision in 2019 with a $165M Focused on Lithium Air and Lithium Sulfur investment + project finance from Implats. with PGMs in the cathode. PLG: NYSE AMERICAN | PTM: TSX 3
The Market F o r P a l l a d i u m a n d P l a t i n u m PLG: NYSE AMERICAN | PTM: TSX
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