Canada can help fund the next generation of South African platinum mining projects according to a leading industry figures.

Platinum Group Metals' (PTM) head of exploration told a mining conference in South Africa that the country offered potentially lucrative funding for firms seeking to raise capital for developing new resources.

Chief executive Michael Jones said that at present only a handful of South African companies had listed on the Canadian stock exchange, but stressed that the Toronto Stock Exchange could offer financial security as well as experience in the mining sector.

More than 1,000 mining companies are currently found on the exchange, with Mr Jones urging South Africa to maximise the opportunities afforded by its natural resources.

"You've got all of this mineral wealth (in southern Africa) that is not yet connected to this capital market," he argued.

He went on to allude to the "brand new phase" of mineral wealth that South Africa was embarking on, calling on other South African pgm firms to identify new areas for growth.

Platinum Group Metals claims to have sourced 4.7 million ounces of platinum, palladium, rhodium, and gold from its Western Bushveld holdings since it began operating in the South African region.