Toronto- and New York-listed Platinum Group Metals Limited is in discussion with several South African smelter operators, including Implats, with a view to negotiating formal metal concentrate offtake arrangements for the Waterberg project, which is planned as a mechanised, shallow, decline-accessed platinum, palladium, rhodium and gold mine, with copper and nickel by-products. Implats is a 14.86% shareholder in the project, which is located on the northern limb of the Bushveld Igneous Complex, about 85 km north of Mokopane, in Limpopo.