Advancing the Next Great Palladium Mine Waterberg Definitive Feasibility Study (DFS) Results N o v e m b e r 1 5 , 2 0 1 9 PLG: NYSE AMERICAN | PTM: TSX
Platinum Group Metals Disclosure Technical and Scientific Information and www.sec.gov.. Reference is made to such required to be disclosed by NI 43-101; however, This presentation has been prepared by Platinum reports for more detailed information with respect these terms are not defined terms under SEC (“Platinum Group” to the Company’s properties, including details of Group Metals Ltd. or the Industry Guide 7 and normally are not permitted “Company”) . Information included in this quality and grade of each mineral resource to be used in reports and registration statements presentation regarding the Company’s mineral estimate, details of the key assumptions, methods filed with the SEC. Mineral resources that are not properties has been compiled by R. Michael and parameters used in the mineral resource mineral reserves do not have demonstrated Jones, P.Eng, the President and Chief Executive estimates and a general discussion of the extent economic viability. Investors are cautioned not to Officer of the Company, and a non-independent to which the mineral resource estimates and the assume that any part or all of the mineral deposits Qualified Person for purposes of National other estimates and projections included in the in these categories will ever be converted into Instrument 43-101 - Standards of Disclosure for reports may be materially affected by any known reserves; "inferred mineral resources" have a (“NI 43-101 ”), Mineral Projects based on environmental, permitting, legal, taxation, socio- great amount of uncertainty as to their existence, independent information filed by the Company political, marketing, or other relevant issues. and great uncertainty as to their economic and with the Canadian securities regulators and the legal feasibility. It cannot be assumed that all or U.S. Securities and Exchange Commission Cautionary Note to United States Investors any part of an inferred mineral resource will ever (“SEC”) . R. Michael Jones, the QP who has Estimates of mineralization and other technical be upgraded to a higher category. Under compiled the technical info for the presentation, information included or referenced in this Canadian securities laws, estimates of inferred has approved the written disclosure regarding presentation have been prepared in accordance mineral resources may not form the basis of technical and scientific information in this with NI 43-101. The definitions of proven and feasibility or pre-feasibility studies, except in rare presentation. For more detailed information probable reserves used in NI 43-101 differ from cases. Additionally, disclosure of "contained regarding the Company and its mineral the definitions in SEC Industry Guide 7. Under ounces" in a resource is permitted disclosure properties, you should refer to the Company’s SEC Industry Guide 7 standards, a "final" or under Canadian securities laws; however, the independent technical reports and other filings "bankable" feasibility study is required to report SEC normally only permits issuers to report with the Canadian securities regulators and the reserves, the three-year historical average price is mineralization that does not constitute "reserves" SEC, which are available at www.sedar.com and used in any reserve or cash-flow analysis to by SEC standards as in place tonnage and grade www.sec.gov, respectively. Scientific and designate reserves and the primary without reference to unit measurements. technical information contained herein is derived environmental analysis or the report must be filed Accordingly, information contained or referenced from the Company’s technical reports. Information with the appropriate governmental authority. As a in this presentation containing descriptions of the contained herein related to the Waterberg result, the reserves reported by the Company in Company's mineral deposits may not be Definitive Feasibility Study and associated accordance with NI 43-101 may not qualify as comparable to similar information made public by Reserve and Resource Update can be found in "reserves" under SEC standards. In addition, the U.S. companies subject to the reporting and the October 4, 2019 technical report entitled, terms "mineral resource", "measured mineral disclosure requirements of United States federal “Waterberg Project Definitive Feasibility Study resource", "indicated mineral resource" and securities laws and the rules and regulations and Mineral Resource Update. ” www.sedar.com "inferred mineral resource" are defined in and thereunder. PLG: NYSE AMERICAN | PTM: TSX 1
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