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Australia is prospective for platinum group metal (PGM) mineralisation (in particular primary magmatic reef, primary magmatic by-product, late magmatic and hydrothermal, and alluvial placer type) but its known PGM endowment is negligible compared to that of South Africa, Russia, the USA and Canada. Most Australian PGM projects are operated by mid-cap or junior companies and form part of larger, more diverse project portfolios held by these explorers. Most projects were [`]hot' while market conditions were favourable. However, as other metals became [`]fashionable' and market conditions for PGM changed, so did the focus of these companies. Pure PGM companies are rare in Australia. The search for and development of...