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 the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource to produce PGM and chrome concentrates from the Barplats Zandfontein tailings dam. Its six PGMs are platinum, palladium, rhodium, osmium, iridium and ruthenium. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers northeast of Johannesburg.

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Eastern Platinum Ltd.

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Post by 1option1on Sep 16, 2015 9:48am

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NEWS- Eastplats and Hebei Zhongbo Receive Approval

Eastplats and Hebei Zhongbo Receive Approval from the South African Competition Authorities

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2015) - Eastern Platinum Limited (the "Company") (TSX:ELR)(JSE:EPS) is pleased to announce that the Competition Authorities of South Africa have granted unconditional approval for the transaction whereby Hebei Zhongbo Platinum Co. Limited ("HZP") is to acquire the Company's entire platinum group metals ("PGM") business and all investments and loan agreements that Eastplats has with its subsidiary companies (the "Original Transaction"). The Company…Read More

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