6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-
16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the period of August 3, 2011 to September 27, 2011

Commission File Number 001-33562

Platinum Group Metals Ltd.
(Translation of registrant's name into English)

Suite 328 – 550 Burrard Street, Vancouver BC, V6C 2B5, CANADA
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F      [] Form 40-F      [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) []

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) []

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes [  ]           No [X]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___________

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on July 11, 2011.

	Platinum Group Metals Ltd.
Date: September 27, 2011	By:   /s/ R. Michael Jones                                               R. Michael Jones          Director & CEO

EXHIBIT INDEX

Exhibit	Description
99.1	News Release dated August 2, 2011
99.2	News Release dated August 2, 2011
99.3	News Release dated August 29, 2011
99.4	News Release dated September 8, 2011
99.5	Material Change Report dated August 2, 2011

EX-99.1

 

	Exhibit 99.1
	328 – 550 Burrard Street
	Vancouver, BC V6C 2B5
	P: 604-899-5450
	F: 604-484-4710

News Release	No. 11-213
	August 2, 2011

Mandate for $260 Million WBJV Project Loan Completed

(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE:AMEX) (“Platinum Group” or the “Company”) is pleased to announce it has entered into a mandate letter with Barclays Capital, the investment banking division of Barclays Bank PLC (together with its affiliate Absa Capital the corporate & investment banking division of Absa Bank Limited), The Standard Bank of South Africa Limited, West LB AG and Caterpillar Financial SARL for a US $260 million project finance loan to develop the Western Bushveld Joint Venture Project, “WBJV” 1 Platinum Mine. The proposal has preliminary approval of each of the proposed lenders but is subject to due diligence, final credit approval and execution of a loan agreement.

The key terms of the proposal are:

• A US $260 million senior loan with a term of nine years
• An additional working capital facility up to US $25 million
• A standby subordinate loan facility for cost overruns (if any)
• Hedging strategy that maximizes the hedging of byproducts such as palladium, gold and nickel thereby minimizing the ounces of platinum hedged over the loan life
• Competitive pricing of both the interest and fees

The lending group of banks has a global presence, direct platinum industry experience and includes two of South Africa’s major banks. Each of the banks has a defined role in order to assist with efficiency and a timely closing, currently expected by November 30, 2011.

An Updated Feasibility Study published for the WBJV Project 1 Platinum Mine in October 2009 planned for a steady state production rate of 275,000 4E ounces (platinum, palladium, rhodium and gold) per year at a capital cost of US $443 million (UFS, www.sedar.com). Of the required capital cost, a fully funded Phase 1 $100 million surface establishment and underground decline development program is already in progress. The banking group was provided updated information from implementation work in progress.

R. Michael Jones, President and CEO of Platinum Group, commented "Our Board of Directors and Management are pleased to welcome these top global financial institutions to the group developing the WBJV Project 1 Platinum Mine. This is a significant step forward and these project finance investment banks join an impressive list of institutional shareholders. We have a near surface, low cost, high grade, well designed mine, at a good time for platinum. Our investor and banking groups acknowledge, by their participation, that we have a robust project and South Africa is open for business.”

PLATINUM GROUP METALS LTD. …2

Frank Hallam, CFO of Platinum Group, said “We had strong interest from a number of banks and the proposed senior loan is in line with our plans and expectations. With many milestones behind us, we now look forward to completing our Phase 1 development, finalizing our bank loan, finalizing concentrate off-take agreements and the grant of our final Mining Authorization. This is an exciting time for the Company as we convert plans into action.”

Barclays Capital is a premier full service global investment bank with a strong presence in the mining & metals sector and in South Africa. Barclays has a long history providing debt and risk management solutions to mining companies and has a commodities business ranked in the top 3 globally. Barclays will be working with their South African affiliate Absa Capital in their role for the Company.

Standard Bank is Africa’s leading investment bank, concentrated on key emerging market sectors including commodities and mining & metals. Standard Bank is a full service bank in South Africa and has in depth technical knowledge and experience in the PGM industry.

West LB AG is a leading European commercial bank, offering a full range of products and services focused on lending, corporate and structured finance, risk management, commodity hedging, capital market and private equity products, and transaction services. West LB's metals & mining team incorporates years of sector experience with strong sector credentials and direct industry experience.

Caterpillar Financial SARL, Zurich is the structured trade and project finance arm of Cat Financial. For nearly 30 years, Cat Financial, a wholly-owned subsidiary of Caterpillar Inc., has been providing a wide range of financing alternatives to customers and Caterpillar dealers for Cat machinery and engines, Solar® gas turbines and other equipment and marine vessels. Cat Financial has offices located throughout the Americas, Asia, Australia and Europe, with headquarters in Nashville, Tennessee in the U.S.A. and has performed as a lead arranger in many mining projects, completing over US $300 million in financings for client’s in Africa over recent years.

Platinum Group Metals is being advised regarding project finance solutions by Mr. AJ Ali, CA. Mr. Ali has 30 years of Project Finance experience in the mining sector.

As the transaction is subject to a number of conditions precedents there can be no assurance that the transaction will complete. R. Michael Jones, P. Eng, is the non-independent qualified person responsible for this release. The technical data has been verified by direct involvement in the Updated Feasibility Study at that time.

On behalf of the Board of
Platinum Group Metals Ltd.

“R. Michael Jones”

- 30 -

PLATINUM GROUP METALS LTD. …3

For further information contact:
          R. Michael Jones, President 
          or Kris Begic, Corporate Development 
          Platinum Group Metals Ltd., Vancouver 
          Tel: (604) 899-5450 / Toll Free: (866) 899-5450

The Toronto Stock Exchange and the New York Stock Exchange – AMEX have not reviewed and do not accept responsibility for the accuracy of this news release, which has been prepared by management.

This press release contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the completion, terms or timing of any debt/financing for Project 1, the potential to increase the Company’s interest in certain of its projects, further exploration on the Company’s properties, the finalization of concentrate off-take agreements and the grant of the final Mining Authorization. In addition, the results of the feasibility study may constitute forward-looking statements to the extent that they reflect estimates of mineralization, capital and operating expenses, metal prices and other factors. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in market conditions, the nature, quality and quantity of any mineral deposits that may be located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company’s Form 40-F annual report, annual information form and other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

EX-99.2

	Exhibit 99.2
	328 – 550 Burrard Street
	Vancouver, BC V6C 2B5
	P: 604-899-5450
	F: 604-484-4710

News Release	No. 11-214
	August 2, 2011

Platinum Group Metals Ltd. to Host Conference Call and
Webcast for $260 million Finance Mandate and Project
Update on August 2

(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE:AMEX) (“Platinum Group” or the “Company”) will conduct a conference call and webcast in conjunction with today's press release. The conference call and webcast will begin today, Tuesday, August 2, 2011 at 9:00 am Pacific Standard Time / 12:00 pm Eastern Standard Time. Members the news media, investors and the general public are invited to access a live webcast of conference call via a link on the Platinum Group Metals Ltd.’s website www.platinumgroupmetals.net.

The event will be archived and available for replay.

Conference Call and Webcast
Date:	Tuesday August 2, 2011
Time:	9:00 am PST / 12:00 pm EST
Webcast:	www.platinumgroupmetals.net
Dial in:	1-888-882-9090 or 604-630-0213
Participant Code:	1538832

About Platinum Group Metals Ltd.

The Company is building a 275,000 ounce per year platinum group metal mine in South Africa. Platinum Group is based in Vancouver BC, Canada and Johannesburg, South Africa. Platinum Group has a management team in both Canada and South Africa, which have successful track records of more than 20 years each in exploration, mine discovery, mine construction and mine operations. The Company was formed in 2000 and amalgamated in 2002 and is focused on the development of platinum operations. Platinum Group’s main asset is a 74% interest in the WBJV Project 1 Platinum Mine where an initial construction budget of $100 million is in progress, including underground development.

On behalf of the Board of
Platinum Group Metals Ltd.

“R. Michael Jones”

- 30 -

PLATINUM GROUP METALS LTD. …2

For further information contact:
          R. Michael Jones, President
          or Kris Begic, Corporate Development
          Platinum Group Metals Ltd., Vancouver
          Tel: (604) 899-5450 / Toll Free: (866) 899-5450

The Toronto Stock Exchange and the New York Stock Exchange – AMEX have not reviewed and do not accept responsibility for the accuracy of this news release, which has been prepared by management.

This press release contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the completion, terms or timing of any debt/financing for Project 1, the potential to increase the Company’s interest in certain of its projects, further exploration on the Company’s properties, the finalization of concentrate off-take agreements and the grant of the final Mining Authorization. In addition, the results of the feasibility study may constitute forward-looking statements to the extent that they reflect estimates of mineralization, capital and operating expenses, metal prices and other factors. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in market conditions, the nature, quality and quantity of any mineral deposits that may be located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company’s Form 40-F annual report, annual information form and other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

EX-99.3

	Exhibit 99.3
	328 – 550 Burrard Street
	Vancouver, BC V6C 2B5
	P: 604-899-5450
	F: 604-484-4710

News Release	No. 11-215
	August 29, 2011

Platinum Group Metals
North Limb Platinum Exploration Update

(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE AMEX) (“Platinum Group”) is pleased to report that a further $500,000 will be invested in a follow up drilling program on the North Limb of the Bushveld Complex where the Company has two joint ventures with the Japanese Oil and Gas Mineral Exploration Company known as “JOGMEC”. Drilling with two machines will target a 10 kilometer stretch of the Bushveld Complex hosting the Platreef horizon on the Company’s Waterberg Project that, to the Company’s knowledge, has never been tested with drilling in this location. New models on the North Limb Platreef horizon are evolving with accelerating Japanese investment in a number of projects recently.

JOGMEC is earning 37% in the Waterberg Project from Platinum Group Metals. Waterberg is a large 137 square kilometer new prospecting right held by Platinum Group off the north end of the known North Limb of the Bushveld Complex. Geology, Geochemistry and Geophysics work completed before initial drilling by the joint venture revealed a covered, near surface extension of the North Limb. JOGMEC has completed approximately $1m of detailed initial work including two boreholes at Waterberg to date. If JOGMEC completes a work commitment of $3.2m by 2013 they will vest their right to a 37% stake in Waterberg. Platinum Group is the operator of the project and will retain a 37% interest in the project, while a private empowerment group would hold a 26% interest.

At Platinum group’s War Springs Project, also located in the North Limb of the Bushveld Complex, JOGMEC holds a 35% option interest and approximately $2.8m has been spent by JOGMEC towards a $10m earn in requirement. Further drilling is being considered in the area of the existing resources. Resources at War Springs are 1.676 million 3E ounces (platinum, palladium and gold) contained in 46.97 million tonnes of near surface, open pit material at a grade of 1.11 g/t 3E plus 0.23% combined nickel and copper (Announced March 17, 2008, See Report at www.sedar.com).

“The exploration investments into the North Limb, combined with our global bank syndicate mandate for $260m in the Western Limb (announced August 2, 2011) confirm that large scale investors see South Africa as open for business and mining,” said R. Michael Jones, President and CEO of Platinum Group Metals Ltd.

“We are excited to be carrying out the first exploration on a brand new portion of the Bushveld Complex. The investments by Itochu and JOGMEC this summer of over $240m into Ivanhoe Nickel and Platinum, located on the North Limb between the War Springs and Waterberg projects, and JOGMEC’s new exploration work with us, highlight the Japanese investment interest in the North Limb. South Africa continues to have excellent exploration potential.”

PLATINUM GROUP METALS LTD. …2

Qualified Person

The non-Independent Qualified Person for this News Release is R. Michael Jones P.Eng. He is non-independent and the Company CEO and a significant shareholder of the Company. He has relevant supervision experience in South Africa since 2002 and has experience with feasibility studies and supervision of precious metals mine operations. He has verified the data through personal observations and property visits. QAQC procedures include blanks, standards and chain of custody processes and previously reported.

About Platinum Group Metals Ltd.

Platinum Group is based in Vancouver BC, Canada and Johannesburg, South Africa. Platinum Group has a management team in both Canada and South Africa, which have successful track records of more than 20 years each in exploration, mine discovery, mine construction and mine operations. Platinum Group holds mineral rights in both Canada and South Africa and in addition to the WBJV Project 1 Platinum mine where a $100m development phase and underground work has commenced. A full Mining Right Application has been filed with the Government of South Africa for the WBJV with a production target of 275,000 ounces 4E platinum group metals.

On behalf of the Board of
Platinum Group Metals Ltd.

“R. Michael Jones”

- 30 -

For further information contact:
          R. Michael Jones, President
          or Kris Begic, Corporate Development
          Platinum Group Metals Ltd., Vancouver
          Tel: (604) 899-5450 / Toll Free: (866) 899-5450

The Toronto Stock Exchange and the New York Stock Exchange - AMEX have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

This press release contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the timing, size and use of proceeds of the proposed private placement and the potential to increase the Company’s interest in certain of its projects. In addition, the results of the feasibility study may constitute forward-looking statements to the extent that they reflect estimates of mineralization, capital and operating expenses, metal prices and other factors. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in market conditions, the nature, quality and quantity of any mineral deposits that may be located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company’s Form 40-F annual report, annual information form and other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

EX-99.4

	Exhibit 99.4
	328 – 550 Burrard Street
	Vancouver, BC V6C 2B5
	P: 604-899-5450
	F: 604-484-4710

News Release	No. 11-216
	September 8, 2011

Platinum Group Metals
Acquires Canadian Platinum Project

Vancouver) Platinum Group Metals Ltd. (PTM-TSX; PLG-NYSE:AMEX) (“Platinum Group” or the “Company”) is pleased to announce the acquisition of 100% ownership in the Providence Lake Nickel(Ni) -Copper(Cu) -Cobalt(Co) -Platinum Group Metals (PGM) property, in the Northwest Territories, from Arctic Star Exploration Corp. (“Arctic”) (ADD-TSX).

The property has an established three dimensional target with sixteen drill intercepts of copper, nickel and impressive platinum group metals grades as well as regionally mapped district potential. The mineralization is in a well-recognized deposit model known as a “Komatiite Hosted” setting. The discovery, made during exploration for diamonds, is notable as it is a first for this part of the Northwest Territories. The platinum group metals grades are at the top end of the global ranges for the copper nickel mineralization style.

R. Michael Jones, P.Eng, President & CEO of Platinum Group Metals Ltd. said “We are interested in pursuing the Providence discovery for four reasons;

• The drill intercepts to date have returned impressive values, including an impressive 5.1 meters of 3.48% combined nickel copper with 2.3 g/t platinum, palladium and rhodium and 2.3 meters of 11.2 g/t platinum, palladium, rhodium, and other PGMs. The zone is open for offset drilling.

• On a regional basis the target is new and is one of the best Canadian opportunities in PGMs we have seen. We are looking to grow our Canadian exploration work at the time we are building our platinum mine in South Africa.

• The project comes with an established camp and a well assembled regional data base of geology, geophysics and geochemistry completed by a strong technical team at Artic Star.

• The location is remote, but is within 70 kilometers from the Diavik Diamond Mine, providing a potential future access route using the existing ice road to the region’s mines. Both the CEO and COO of Platinum Group have experience with mine development in the region”.

PLATINUM GROUP METALS LTD. …2

Details

The property is comprised of 13 mineral claims totaling 13,366 hectares and is located approximately 55 km west-southwest of the Diavik Diamond Mine. Under the terms of the agreement, Arctic will transfer 100% ownership of the property in exchange for a 1% Net Smelter Return (NSR) and a $50,000 cash payment. In addition, Platinum group will pay Arctic Star $20,000 for the transfer of the land use permit and exploration camp.

The property covers approximately 20 kilometers of a recently recognized belt of mafic to ultramafic rocks that is host to the first discovery of magmatic Copper-Nickel-Cobalt-Platinum Group Metals, “Cu-Ni-Co-PGM” massive sulphide mineralization in the Slave Craton. The ultra-mafic suite of rocks, known as the Providence Lake Belt, are interpreted to be Komatiitic lavas or sills. Drilling has shown that the Ni-Cu-Co-PGM mineralization is hosted within, and at the base of the ultramafic flow/intrusive sill sequence. The ultramafic host to the mineralization is stratiform to a basaltic hanging wall and a metasediment footwall. The hanging wall basaltic flows contain intercalated sulphide-rich units. The dimensions of the massive sulphide mineralization, defined to date, ranges in thickness from 0.3m to 5.0m and exceeds 450 m strike length and 150 m (vertical) depth. The mineralized horizons remain open along strike in either direction and to depth.

Examples of Komatiite hosted Ni-Cu-PGM deposits from around the world include; Kambalda, Western Australia and Raglan, Quebec. The potential of the belt to host Ni-Cu-Co-PGM mineralization was recognized in 2007 during the course of diamond exploration. Several strong airborne magnetic responses from prior surveys were ground checked and found to be caused by ultramafic intrusive rocks prospective for Ni-Cu-Co-PGM mineralization. Subsequently, an anomalous Ni value from till sampling and a Max Min survey resulted in the discovery of disseminated to net-textured sulphide mineralization in outcrop now known as the Providence Lake Nickel discovery (PLND). The first drill hole to test the zone (08CR-10) intersected mafic to ultramafic lithologies with two intervals of massive sulphide Ni-Cu-Co-PGM mineralization. To date, sixteen drill holes totaling 2,077 metres have intercepted massive and/or disseminated net texture sulphide mineralization along the PLND trend. Results for the massive sulphide intercepts from that drilling include;

Hole ID	From	To	Int.	Ni	Cu	Co	Pt	Pd	Os	Ru	Ir	Rh	6PGM
			m	%	%	%	g/t	g/t	g/t	g/t	g/t	g/t	g/t
08CR-10	117.6	117.8	0.20	1.34	2.92	0.13	2.73	1.30	0.04	0.09	0.04	0.29	4.49
	118.2	118.8	0.60	1.77	0.46	0.16	0.66	2.26	0.14	0.29	0.19	0.46	4.00
08CR-11	139.75	141.4	1.65	1.69	1.00	0.17	0.34	2.24	0.17	0.13	0.51	0.22	3.61
08CR-12	95.32	99.7	2.23	1.30	1.80	0.13	0.55	2.29	0.16	0.12	0.27	0.25	3.64
08CR-13	99.5	101.8	2.30	1.67	0.75	0.17	8.79	1.23	0.17	0.17	0.56	0.28	11.20
	103.3	104.6	1.30	1.21	1.11	0.12	0.19	1.45	0.24	0.18	0.59	0.45	3.10
08CR-17	97.45	99.85	2.40	1.76	1.11	0.17	0.17	1.78	0.37	0.31	0.67	0.87	4.18
08CR-18	98.35	103.45	5.10	1.73	1.75	0.17	0.25	1.23	0.35	0.26	0.75	0.79	3.64
08CR-19	126	129.4	3.40	1.71	1.33	0.17	0.75	1.70	0.3	0.26	0.69	0.61	4.31
08CR-21	58.1	60.6	2.50	0.93	0.46	0.08	0.12	0.12	0.19	0.15	0.42	0.38	1.37
08CR-23	91.4	95	3.60	1.32	1.43	0.10	0.45	1.06	0.15	0.12	0.39	0.32	2.50

Data supplied by Arctic Star

PLATINUM GROUP METALS LTD. …3

Drill holes not listed in the above table intercepted disseminated and net texture sulphides within the PLND trend that returned anomalous Ni, Cu, Co, Pt and Pd grades.

After the discovery of mineralization and concurrent with drilling, the entire Providence Lake belt held by Arctic was covered with a 751 line km airborne geophysical survey consisting of 100m spaced lines of VTEM and aeromagnetics. The drilling is located within a small area of the VTEM survey block, with the vast majority of the target zones remaining untested.

In addition to the airborne geophysical survey, detailed ground magnetic surveys over the PLND mineralization and several other target areas have been completed to aid in drill targeting. In addition, the entire Providence Lake Belt within the property has been soil sampled (approximately 1750 soil samples at 50m spacing on 100m line spacing). Several areas with geochemically anomalous Ni values remain under-explored and warrant follow up work.

The property has had sufficient time and work completed on it that Platinum Group will bring it to lease upon the completion of a crown survey.

Platinum Group will utilize the winter season to review and model all of the extensive project data and establish supplies at the exploration camp for a drilling campaign in the spring and summer 2012.

An initial budget for this exploration will be established by the end of 2011 as part of the Canadian exploration plans for the Company. The 2012 exploration budget for Canada will include continued exploration in the Thunder Bay Region of Ontario where the Company also holds a large scale land position.

Qualified Person Quality Control and Assurance, Verification

The non-independent qualified persons (QP) for this news release are the CEO, R. Michael Jones, P.Eng and the Canadian Exploration Manager, Robert A. Van Egmond, P.Geo. Michael Jones has relevant experience over the past 10 years in Canada and South Africa on PGM’s and has reviewed the data. Robert Van Egmond has reviewed the data supplied by Arctic Star used in this release. The data supplied by Arctic Star is believed to be as reported by the Arctic Star’s QP, and therefore to be of high quality and conforming to NI43-101 quality assurance/quality control (QA/QC) standards but the data has not been verified by check assaying by Platinum Group. The qualified persons have visited the property and accept responsibility for this news release with the caution that there has been no independent check sampling.

Samples from the Arctic Star drilling program were shipped to SRC Geoanalytical Laboratories, Saskatoon, SK (ISO/IEC 17025:2005 accredited facility) for crushing and grinding to 100 to 200g subsample. Sample security was documented by Arctic Star for all shipments. Samples were submitted for whole rock analysis and 35 element Inductively Coupled Plasma (ICP) including Cu and Ni. A 30g split was assayed for Au, Pt and Pd utilizing Fire Assay (FA) with and ICP finish. Sample pulps were also sent to Becqurel Laboratories, Mississauga, ON (ISO/IEC 17025:2005 accredited facility). Analysis for Cu, Ni, Cobalt, Pt and Pd performed as part of a Neutron Activation Analysis package (Methods BQ-NAA-1 and BQ-NAA-2) on a 20g split for 34 elements, 6 PGM and Au.

PLATINUM GROUP METALS LTD. …4

Arctic Star employed the use of standards, blanks and duplicates as quality control. Independent laboratory check assays for multi element (ME-MS61) and Pt and Pd (PGM-ICP23) were completed at ALS, North Vancouver, BC (ISO/IEC 17025:2005 accredited facility). Whole rock analysis (ME-XRF06) was also completed on some of the samples submitted to ALS. All laboratories mentioned also employed the use of standards, duplicates and blanks for internal quality control.

About Platinum Group Metals Ltd.

Platinum Group is based in Vancouver BC, Canada and Johannesburg, South Africa. Platinum Group has a management team in both Canada and South Africa, which have successful track records of more than 20 years each in exploration, mine discovery, mine construction and mine operations. The Company was formed in 2000 and amalgamated in 2002 and is focused on the development of platinum operations. Platinum Group’s main asset is a 74% interest in the WBJV Project 1 Platinum Mine where an initial construction budget of $100 million is in progress, including underground development. The WBJV Project 1 Platinum Mine has an updated feasibility study calling for steady state production of 275,000 ounce per year of platinum group metals. A banking syndicate was recently appointed for a $260 million senior loan facility for the project.

On behalf of the Board of
Platinum Group Metals Ltd.

“R. Michael Jones”     

 - 30 -

For further information contact:
	R. Michael Jones, President
	or Kris Begic, Corporate Development
	Platinum Group Metals Ltd., Vancouver
	Tel: (604) 899-5450 / Toll Free: (866) 899-5450

The Toronto Stock Exchange and the New York Stock Exchange - AMEX have not reviewed and do not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.

This press release contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the timing, size and use of proceeds of the proposed private placement and the potential to increase the Company’s interest in certain of its projects. In addition, the results of the feasibility study may constitute forward-looking statements to the extent that they reflect estimates of mineralization, capital and operating expenses, metal prices and other factors. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in market conditions, the nature, quality and quantity of any mineral deposits that may be located, the Company’s ability to obtain any necessary permits, consents or authorizations required for its activities, the Company’s ability to produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies and other risk factors described in the Company’s Form 40-F annual report, annual information form and other filings with the SEC and Canadian securities regulators, which may be viewed at www.sec.gov and www.sedar.com, respectively.

EX-99.5

Exhibit 99.5

FORM 51-102F3

MATERIAL CHANGE REPORT

ITEM 1.	NAME AND ADDRESS OF COMPANY
	PLATINUM GROUP METALS LTD. (“Platinum Group”)
	328 – 550 Burrard Street Vancouver BC, V6C 2B5
	Telephone: (604) 899-5450     Facsimile: (604) 484-4710
ITEM 2.	DATE OF MATERIAL CHANGE     August 2, 2011
ITEM 3.	NEWS RELEASE
	A news release was disseminated on August 2, 2011 to the TSX as well as through various other approved public media and was SEDAR filed with the British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland Securities Commissions.
ITEM 4.	SUMMARY OF MATERIAL CHANGE
	Platinum Group announced that it has entered into a mandate letter with Barclays Capital, the investment banking division of Barclays Bank PLC (together with its affiliate Absa Capital the corporate & investment banking division of Absa Bank Limited), The Standard Bank of South Africa Limited, West LB AG and Caterpillar Financial SARL for a US $260 million project finance loan to develop the Western Bushveld Joint Venture Project, “WBJV” 1 Platinum Mine. The proposal has preliminary approval of each of the proposed lenders but is subject to due diligence, final credit approval and execution of a loan agreement.
ITEM 5.	FULL DESCRIPTION OF MATERIAL CHANGE
	(Vancouver/Johannesburg) Platinum Group Metals Ltd. (PTM-TSX; PLG- NYSE:AMEX) (“Platinum Group” or the “Company”) is pleased to announce it has entered into a mandate letter with Barclays Capital, the investment banking division of Barclays Bank PLC (together with its affiliate Absa Capital the corporate & investment banking division of Absa Bank Limited), The Standard Bank of South Africa Limited, West LB AG and Caterpillar Financial SARL for a US $260 million project finance loan to develop the Western Bushveld Joint Venture Project, “WBJV” 1 Platinum Mine. The proposal has preliminary approval of each of the proposed lenders but is subject to due diligence, final credit approval and execution of a loan agreement.
	The key terms of the proposal are:

• A US $260 million senior loan with a term of nine years

• An additional working capital facility up to US $25 million

• A standby subordinate loan facility for cost overruns (if any)

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• Hedging strategy that maximizes the hedging of byproducts such as palladium, gold and nickel thereby minimizing the ounces of platinum hedged over the loan life

• Competitive pricing of both the interest and fees

The lending group of banks has a global presence, direct platinum industry experience and includes two of South Africa’s major banks. Each of the banks has a defined role in order to assist with efficiency and a timely closing, currently expected by November 30, 2011.

An Updated Feasibility Study published for the WBJV Project 1 Platinum Mine in October 2009 planned for a steady state production rate of 275,000 4E ounces (platinum, palladium, rhodium and gold) per year at a capital cost of US $443 million (UFS, www.sedar.com). Of the required capital cost, a fully funded Phase 1 $100 million surface establishment and underground decline development program is already in progress. The banking group was provided updated information from implementation work in progress.

R. Michael Jones, President and CEO of Platinum Group, commented "Our Board of Directors and Management are pleased to welcome these top global financial institutions to the group developing the WBJV Project 1 Platinum Mine. This is a significant step forward and these project finance investment banks join an impressive list of institutional shareholders. We have a near surface, low cost, high grade, well designed mine, at a good time for platinum. Our investor and banking groups acknowledge, by their participation, that we have a robust project and South Africa is open for business.”

Frank Hallam, CFO of Platinum Group, said “We had strong interest from a number of banks and the proposed senior loan is in line with our plans and expectations. With many milestones behind us, we now look forward to completing our Phase 1 development, finalizing our bank loan, finalizing concentrate off-take agreements and the grant of our final Mining Authorization. This is an exciting time for the Company as we convert plans into action.”

Barclays Capital is a premier full service global investment bank with a strong presence in the mining & metals sector and in South Africa. Barclays has a long history providing debt and risk management solutions to mining companies and has a commodities business ranked in the top 3 globally. Barclays will be working with their South African affiliate Absa Capital in their role for the Company.

Standard Bank is Africa’s leading investment bank, concentrated on key emerging market sectors including commodities and mining & metals. Standard Bank is a full service bank in South Africa and has in depth technical knowledge and experience in the PGM industry.

West LB AG is a leading European commercial bank, offering a full range of products and services focused on lending, corporate and structured finance, risk management, commodity hedging, capital market and private equity products, and transaction services. West LB's metals & mining team incorporates years of sector experience with strong sector credentials and direct industry experience.

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Caterpillar Financial SARL, Zurich is the structured trade and project finance arm of Cat Financial. For nearly 30 years, Cat Financial, a wholly-owned subsidiary of Caterpillar Inc., has been providing a wide range of financing alternatives to customers and Caterpillar dealers for Cat machinery and engines, Solar® gas turbines and other equipment and marine vessels. Cat Financial has offices located throughout the Americas, Asia, Australia and Europe, with headquarters in Nashville, Tennessee in the U.S.A. and has performed as a lead arranger in many mining projects, completing over US $300 million in financings for client’s in Africa over recent years.

Platinum Group Metals is being advised regarding project finance solutions by Mr. AJ Ali, CA. Mr. Ali has 30 years of Project Finance experience in the mining sector.

As the transaction is subject to a number of conditions precedents there can be no assurance that the transaction will complete. R. Michael Jones, P. Eng, is the non-independent qualified person responsible for this release. The technical data has been verified by direct involvement in the Updated Feasibility Study at that time.

ITEM 6.	RELIANCE ON SUBSECTION 7.1 OF NATIONAL INSTRUMENT 51-102     N/A
ITEM 7.	OMITTED INFORMATION     N/A
ITEM 8.	EXECUTIVE OFFICER
	The following senior officer of the Issuer is knowledgeable about the material change and may be contacted by the Commission at the following telephone number:
	R. Michael Jones, President & CEO     Phone: (604) 899-5450
ITEM 9.	DATE OF REPORT
	August 2, 2011

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