Southern Platinum has revealed it is continuing discussions to generate more funds for its platinum exploration plans.

The firm issued a statement saying that the company's subsidiary, Messina Platinum, is continuing discussions with the RMB syndicate and also a "major South African bank" in order to restructure the syndicated project debt facility.

The platinum firm also said it was in negotiation with "various parties on a wide range of alternatives to replace or eliminate the syndicated project debt facility" as it seeks to ensure Messina has the necessary funds to develop.

In recent months Southern Platinum says it has "been in discussions with platinum majors concerning possible transactions", with the pgm outfit hoping to establish new relationships in the industry.

However, Southern Platinum did sound a note of caution, warning that "while it is possible that these various discussions could lead to some transaction, there is no assurance that they will lead to a transaction, and there can be no assurance what form such a transaction may take".

Southern Platinum was created from what was SouthernEra in a bid to separate the firm's diamond and platinum interests.

The firm says much progress has been made at its Messina platinum mine, and recently completed the expansion of the mine's capacity from the original 80,000 tonne per month to 120,000 tonnes.