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Eastern Platinum Ltd. T.ELR

Alternate Symbol(s):  ELRFF

Consumer Cyclical Metals & Mining Industrial Metals & Minerals
Eastern Platinum Limited owns directly and indirectly a number of platinum group metals (PGM) and chrome assets in the Republic of 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 world’s PGM-bearing ore. Operations at the Crocodile River Mine include re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates. The Kennedy’s Vale and Spitzkop Project are situated on the Eastern limb of the Bushveld Complex 350 kilometers (km) northeast of Johannesburg. Mareesburg is an open-cut PGM project on a 2,129- hectares area in the southern part of the eastern limb of the Bushveld Complex, in the Limpopo Province of South Africa.


TSX:ELR - Post by User

Eastern Platinum Ltd.
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Post by GoldMan22on Jul 22, 2010 4:07pm
495 Views
Post# 17289679

ELR always has some kind of issue!!!

ELR always has some kind of issue!!!Fustrating!!!



"Production was up 1% compared to the first quarter of 2010 (“Q1 2010”), but run-of mine tonnes

hoisted and on-reef development meters were down 2% and 19% respectively compared to Q1

2010 due to the dismissal of 15 contract stoping crews (out of a total of 58 crews) in May and the

resulting build-up and training of new crews. Full replacement of these crews was completed in

July 2010. The Company expects that on-reef development and production will increase once the

new crews have been properly inducted and trained."



https://www.kitco.com/pr/1267/article_07222010134657.pdf
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