Seeking value through the mining and exploration of our PGM and chrome assets in South Africa

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Bullboard - Investor Discussion Forum Eastern Platinum Ltd. T.ELR

Alternate Symbol(s): ELRFF

Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of South Africa. It is engaged in re-mining and processing of tailings at the Crocodile River Mine (CRM) and the exploration and development of other PGM and chrome properties located in various provinces in South Africa. All of the Company's properties are situated on... see more

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Eastern Platinum Ltd. > INITIAL PHASE OF ZANDFONTEIN UNDERGROUND IS OPERATIONAL

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Post by TAway69 on Mar 06, 2024 9:47am

INITIAL PHASE OF ZANDFONTEIN UNDERGROUND IS OPERATIONAL

Canada NewsWire

VANCOUVER, BC, March 6, 2024

VANCOUVER, BC , March 6, 2024 /CNW/ - Eastern Platinum Limited (TSX: ELR)(JSE: EPS) ("Eastplats" or the "Company") is pleased to announce that the initial phase ("soft start") of the Zandfontein underground operations at the Company's flagship Crocodile River Mine ("CRM") is now fully operational. CRM is located within the Bushveld Complex, host to approximately 80% of the world's PGM-bearing ore, in northeastern South Africa.

"It is my pleasure to announce that the soft restart of the Zandfontein underground operations is complete and is fully operational," commented Wanjin Yang, CEO of Eastern Platinum. "We can now begin to ramp up underground mining efforts and bring run-of-mine ("ROM") material to the surface, where we will begin the first batch of ROM processing in Q2 2024. I would like to thank all employees for achieving this milestone and our shareholders for their continued support."

The Company plans to achieve a mining run rate of 40,000 tons per month by the end of 2024, with the aim of processing up to 235,000 tons of ore from underground production this year.

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