Corporate Presentation March 8, 2019
PLATINUM GROUP METALS | WATERBERG PGM PROJECT DISCLOSURE TECHNICAL AND SCIENTIFIC INFORMATION information with respect to the Company’s disclosed by NI 43-101; however, these terms are This presentation has been prepared by Platinum properties, including details of quality and grade of not defined terms under SEC Industry Guide 7 and Group Metals Ltd. (“Platinum Group” or the each mineral reserve and mineral resource normally are not permitted to be used in reports “Company”) . Information included in this estimate, details of the key assumptions, methods and registration statements filed with the SEC. presentation regarding the Company’s mineral and parameters used in the mineral reserve and Mineral resources that are not mineral reserves do properties has been compiled by R. Michael Jones, mineral resource estimates and a general not have demonstrated economic viability. P.Eng, the President and Chief Executive Officer of discussion of the extent to which the mineral Investors are cautioned not to assume that any the Company, and a non-independent Qualified reserve and mineral resource estimates and the part or all of the mineral deposits in these Person for purposes of National Instrument 43-101 other estimates and projections included in the categories will ever be converted into reserves; - Standards of Disclosure for Mineral Projects (“NI reports may be materially affected by any known "inferred mineral resources" have a great amount 43-101 ”), based on independent technical reports, environmental, permitting, legal, taxation, socio- of uncertainty as to their existence, and great and other information filed by the Company with political, marketing, or other relevant issues. uncertainty as to their economic and legal the Canadian securities regulators and the U.S. CAUTIONARY NOTE TO UNITED STATES feasibility. It cannot be assumed that all or any part Securities and Exchange Commission (“SEC”) . R. INVESTORS of an inferred mineral resource will ever be Michael Jones, the QP who has compiled the Estimates of mineralization and other technical upgraded to a higher category. Under Canadian technical info for the presentation, has approved information included or referenced in this securities laws, estimates of inferred mineral the written disclosure regarding technical and presentation have been prepared in accordance resources may not form the basis of feasibility or scientific information in this presentation. For with NI 43-101. The definitions of proven and pre-feasibility studies, except in rare cases. more detailed information regarding the Company probable reserves used in NI 43-101 differ from the Additionally, disclosure of "contained ounces" in a and its mineral properties, you should refer to the definitions in SEC Industry Guide 7. Under SEC resource is permitted disclosure under Canadian Company’s independent technical reports and Industry Guide 7 standards, a "final" or "bankable" securities laws; however, the SEC normally only other filings with the Canadian securities feasibility study is required to report reserves, the permits issuers to report mineralization that does regulators and the SEC, which are available at three-year historical average price is used in any not constitute "reserves" by SEC standards as in www.sedar.com and www.sec.gov , respectively. reserve or cash-flow analysis to designate reserves place tonnage and grade without reference to unit Scientific and technical information contained and the primary environmental analysis or the measurements. Accordingly, information herein is derived from the Company’s technical report must be filed with the appropriate contained or referenced in this presentation reports. Information contained herein related to governmental authority. As a result, the reserves containing descriptions of the Company's mineral the Waterberg Project Resource Update can be reported by the Company in accordance with NI deposits may not be comparable to similar found in the October 25, 2018 press release. A 43- 43-101 may not qualify as "reserves" under SEC information made public by U.S. companies 101 technical report will be available within 45 standards. In addition, the terms "mineral subject to the reporting and disclosure days of the press release publication. resource", "measured mineral resource", requirements of United States federal securities www.sedar.com and www.sec.go v. Reference is "indicated mineral resource" and "inferred mineral laws and the rules and regulations thereunder. made to such reports for more detailed resource" are defined in and required to be PLG: NYSE AMERICAN | PTM: TSX 1
PLATINUM GROUP METALS | WATERBERG PGM PROJECT FORWARD LOOKING STATEMENTS This presentation contains forward-looking limitation the growth in demand in connection of the Company to negotiate and complete future information within the meaning of Canadian with China 6 emissions regulations; the completion funding transactions and settlement or restructure securities laws and forward-looking statements of the definitive feasibility study for the Waterberg of debt; variations in market conditions; the within the meaning of U.S. securities laws Project by early 2019 and commencement of nature, quality and quantity of any mineral (collectively “forward -looking statements”) . construction thereafter; and the Company’s plans deposits that may be located; metal prices; other Forward-looking statements are typically identified and estimates regarding exploration, studies, prices and costs; currency exchange rates; the by words such as: believe, expect, anticipate, development, construction, production, cash flows Company’s ability to obtain any necessary permits, intend, estimate, plans, postulate and similar and other activities and developments. Statements consents or authorizations required for its expressions, or are those, which, by their nature, of mineral resources and mineral reserves also activities and to effect the Implats Transaction; the refer to future events. All statements that are not constitute forward looking statements to the Company’s ability to produce minerals from its statements of historical fact are forward-looking extent they represent estimates of mineralization properties successfully or profitably, to continue statements. Forward-looking statements in this that will be encountered on a property and/or its projected growth, or to be fully able to presentation include, without limitation, estimates regarding future costs, revenues and implement its business strategies; risks related to statements regarding Step 2 of the Maseve Sale other matters. Although the Company believes the contractor performance and labor disruptions; and Transaction and the value of the consideration to forward-looking statements in this presentation other risk factors described in the Company’s Form be received; potential funding sources; future are reasonable, it can give no assurance that the 20-F annual report, annual information form and demand for metals and other products; the expectations and assumptions in such statements other filings with the Securities and Exchange potential exercise of Implats ’ earn in with respect will prove to be correct. The Company cautions Commission and Canadian securities regulators, to the Waterberg Project; potential settlement or investors that any forward-looking statements by which may be viewed at www.sec.gov and restructure of the Company’s secured debts; the Company are not guarantees of future results www.sedar.com, respectively. Proposed changes in potential sales of assets, debt or equity; the or performance and that actual results may differ the mineral law in South Africa if implemented as Company’s ability to obtain further funding; materially from those in forward-looking proposed would have a material adverse effect on corporate and asset level strategic alternatives; the statements as a result of various factors, including the Company business and potential interest in potential economics of the Waterberg Project, if risks related to indebtedness; risks related to the projects. developed; the Waterberg Project’s concentrate nature of the Implats Transaction agreements; the being amenable to existing smelters; the Company’s capital requirements may exceed its Company’s key objectives; market projections for current expectations; the uncertainty of cost, the Company’s products; including without operational and economic projections; the ability PLG: NYSE AMERICAN | PTM: TSX 2
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