Client name: Platinum Group Metals

Duration: 2012 – 2013

Location: Mokopane, South Africa


Coffey supported Platinum Group Metals through the due diligence process for a $175 million bought deal financing.    

Situation

In todays market it’s more important than ever to obtain a resource estimate report that complies with the relevant exchange requirements.

The Waterberg Project is a part of a group of exploration projects that came from a regional target initiative run by Platinum Group Metals (PTM) - a company listed on the Toronto Stock Exchange (TSX).

Solution

We worked with PTM through their exploration phase. We undertook a mineral resource estimate to comply with NI-43-101, the National Securities Commissions Instrument in Canada, in accordance with the guidelines of the SAMREC Code.

Result

Platinum Group Metals was able to complete two of the top four largest mining financings on the Toronto Stock Exchange in 2013.

The discovery has the prestige of being awarded the Global Discovery of the Year 2012 by the Mining Journal of London presented at the annual Mines and Money Conference Dec 2012.