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Mining permit on Waterberg platinum project appealed

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(Kitco News) - Platinum Group Metals (TSX: PTM) (NYSE American: PLG) today confirmed that a notice to appeal the decision granting Waterberg JV a mining right was received by the company on March 5, 2021.

According to the company's statement, the notice was filed by a group of four individual appellants from a local community. The Department of Mineral Resources and Energy granted the mining right on February 3, 2021.

The company said it believes that all requirements specified under the Mineral and Petroleum Resources Development Act ("MPRDA") have been complied with and that Minister Gwede Mantashe's office correctly issued the notice of the granting of the mining right.

According to the MPRDA, an appeal can be considered by the Minister for determination within a 130-day timeframe. The mining right currently remains active.

Platinum Group Metals is the operator and majority owner of the Waterberg project, a bulk underground palladium, platinum, gold and rhodium deposit located in South Africa.

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