President and CEO, R. Michael Jones, P.Eng, said, "We are very pleased that Mr. Timothy Marlow has accepted our offer to join the Board as an independent director. He has more than 30 years of mining engineering and mine operating experience in North America, South America, Africa and Asia. He has held roles ranging from project engineer, services and maintenance superintendent, and general manager to vice president of operational excellence for a multi mine group. He adds senior mine operational experience to our Board and I am looking forward to working with him as a board member."
Timothy Marlow is a graduate of the Camborne School of Mines and is registered as a C.Eng, Registered Charter Engineer in the UK. His mining and project experience spans the world and he has specific African experience in Ghana and Zambia. He is a member of the Institute of Mining and Metallurgy UK and a Qualified Person as defined by NI-43-101 for mining.
Platinum Group Metals is in progress at the WBJV Project 1 with a US$100 million investment for underground access, as part of a planned US$443 million, 275,000 ounce per year platinum mine in South Africa. The project is being managed by an owner's team and under an EPCM contract with DRA of South Africa. The project on the ground is said to be advancing according to plan. Project finance discussions with a number of banks are advancing and a formal mining right application has been filed with the Department of Mineral Resources of South Africa. Platinum Group Metals is a 74% owner of WBJV Project 1 and Wesizwe Platinum holds 26%.
